Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

At the start of the week, Bitcoin showed signs of decoupling from US equities. However, US president Trump's positive remarks about the US-China trade war (which had included a 145% tariff on Chinese goods) triggered a relief rally across markets. As a result, BTC has resumed moving up with US equities. 

This rally has led to a rise in short-tenor implied volatility and a recovery in BTC’s put-call skew, indicating that traders are seeking upside exposure.

Please check out the report’s highlights.

Perp open interest rises across the board

Perpetual open interest increased significantly this week across various tokens, especially ETH. Perpetual trading volumes also rose. Notably, Ap 7, 2025 recorded the highest trade volume of the month, following Trump's comment, "Forget markets for a second, we have all the advantages."

BTC option open interest shows a mixed picture; put-call skew in short tenor sends positive signals

President Trump’s recent willingness to negotiate a trade deal with China’s President Xi triggered a relief rally across asset classes, including crypto. Bitcoin had already risen 7% since Apr 21, 2025, prior to Trump's comments. Despite this rally, open interest in puts has outpaced calls, with options volume remaining relatively balanced. 

It's unclear if the demand for puts reflects a hedge against downside risks, or a bet against the upward movement. Meanwhile, perpetual funding rates are providing limited insight into sentiment. However, the recovery of the put-call skew at short tenors indicates that traders are seeking upside exposure to the rally — and are willing to pay for it.

ETH unexpectedly outperforms BTC in this relief rally

ETH's response to the recent crypto market recovery has diverged from previous trends: it outperformed BTC in spot prices, a rarity in past rallies, and open interest in calls exceeds that in puts — opposite to BTC's trend. In addition, ETH call open interest is nearly double that of puts, with calls dominating options volumes. This suggests traders anticipate ETH will reduce its significant underperformance against both BTC and other “ETH killers” like SUI and SOL. Additionally, the spot rally has led to another term structure inversion for ETH.

Advanced

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Bybit X Block Scholes crypto derivatives analytics report (Apr 24, 2025): Put-call skew recovers at short tenors, showing reviving sentiment

Explore all the hottest Bybit events happening during the week of TOKEN2049 Dubai in this article.

It’s that time of year again — TOKEN2049 Dubai is back, and the city is buzzing with excitement. As one of the most anticipated events on the crypto calendar, it’s not just about the main conference; it’s about everything happening around it, too. From side events and workshops to exclusive mixers and demo days, Bybit is showing up in full force this year. Here's your inside look at what to expect during this action-packed week.

The heart of TOKEN2049 Week, TOKEN2049 Dubai promises two full days of future-facing discussions and innovation in the world of crypto. At the center of it all is Bybit’s immersive booth experience, built on the theme 

. It’s not just a theme — it’s a vibe. Picture claw machines, 

If you’re heading to TOKEN2049 Dubai, be sure to drop by the Bybit booth (located at P33) and chat with our extraordinary Bybit team! And don’t miss your chance to grab a gacha token by scanning our QR code with Bybit Pay. You could walk away with exclusive Bybit merch! 

DMCC x VARA: Crypto regulations and business growth

Policy meets progress at this exclusive evening event co-hosted by DMCC and VARA. This gathering brings together regulators and industry leaders for an open discussion on the future of digital asset compliance and business growth in the region.

You can expect sharp insights, candid perspectives and forward-thinking dialogue about what it really takes to scale a crypto business in a regulated environment. If you care about the future of web3 in the UAE, this is one event to mark on your calendar.

Bybit After Hours: Exclusive Insights & Networking 

 is a private cocktail evening for top-tier traders and long-time supporters of Bybit. This event is equal parts networking, knowledge sharing and celebration.

 to strategic conversations with the Bybit team, this night is tailored to those who trade big and think bigger. With an invite-only guest list, it’s set to be one of the most exclusive experiences of the week.

The Crypto Hub x Bybit Crypto Ark Demo Day

 is all about bringing hands-on energy to the web3 scene. Hosted at the Crypto Ark inside Bybit’s office, this event welcomes founders, devs and crypto creatives for a casual evening of product showcases, idea exchange and light networking.

While Bybit provides the space, the real spotlight is on the community — those shaping the next wave of innovation in web3.

 from across the CIS region are gathering for a deep dive into the tools, tips and strategies that drive growth at Bybit. This meetup goes beyond surface-level sharing — expect actionable workshops covering our Bybit Affiliate program and affiliate best practices.

It’s also a chance to hear directly from Bybit product leads and regional managers, share success stories and walk away with fresh ideas to maximize conversions. 

Wunderbit x Bybit: “Hey, Trading Bot, where is my profit?”

 are here to stay — and this event is going deep into what makes them tick. Co-hosted by Wunderbit and Bybit, the evening workshop blends honest stories from real traders with expert insights on how to avoid common automation pitfalls.

From bot setups that work to the ones that quietly drain your profits, this is your chance to ask the tough questions, hear unfiltered answers — and maybe rethink how you’re running your own bot strategy.

 (RWAs) are taking center stage at the RWA Gulf Summit, a high-powered event co-hosted by Qatar National Bank, Commercial Bank International and DMZ Finance. This summit brings together bank leaders, wealth funds, participants in DIFC, institutional investors and industry pioneers to explore the evolution of tokenized finance in the Middle East and beyond.

Bybit’s Head of Financial Products Jerry Li will take the stage to discuss how 

 (CEXs) can harness RWAs for enhanced yield and 

Dubai's Pinnacle Mixer: Mantle, Mirana, Bybit and Ethena

High above the city, this mixer brings together some of the biggest names in web3 — Mantle, Mirana, Bybit and Ethena. Expect an unforgettable evening of casual chats, cross-chain connections and cocktails with the minds behind some of today’s most innovative projects.

This private event is all about experiencing Bybit Pay in action. See interactive demos, grab a sneak peek at upcoming partnerships and network over bites and drinks. It’s a rare behind-the-scenes look at the way Bybit is shaping the future of crypto payments. 

Wrapping up the week is the Bybit Institutional Symposium — a full-day event dedicated to aligning strategies with institutional clients and forging new collaborations. From macro views to product deep-dives, this conference is built to spark big conversations among serious players.

The day concludes with a gala dinner, a fitting finale to a week in which ideas, connections and innovation have taken center stage.

Intermediate

Bybit Learn Highlights What to Expect at Bybit

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Highlights: What to expect at Bybit (Apr 28–May 2, 2025)

Balance (EPT) is revolutionizing web3 gaming with evolving AI companions, blending blockchain, strategy, and intelligent gameplay in one powerful platform.

Artificial intelligence (AI) agents are a key growth area within the blockchain industry. Projects like Artificial Superintelligence Alliance (FET), 

 (AI16Z) and countless others have been essential components driving the overall crypto market. As of April 2025, the CoinGecko portal lists more than 500 cryptocurrencies within its category of AI Agents. These intelligent assistants are now helping individuals and businesses analyze markets, create textual and visual content, automate work processes and trade profitably.

There's a further area where AI agents on the blockchain are flourishing: the world of 

 gaming. In this sphere, bots and agents based on AI algorithms are helping users develop the best in-game strategies, succeed in the competitive world of play-to-earn (P2E) and overcome key challenges in complex gameplay.

Balance (EPT) is a blockchain gaming project that takes the use of 

 to a completely new level. The creation of the team at the world’s largest social gaming platform, E-Pal, Balance offers players AI agents that can aid them in the in-game environment and serve as their personal companions. Based on a multi-layer architecture, the platform offers some of the most cutting-edge use cases for gaming-oriented AI agents.

 (EPT) is a web3 gaming platform that allows players to easily create, own and use AI companions within the blockchain games it supports.

 Balance supports a variety of first-party (internally developed) and third-party web3 games. You can deploy your AI gaming companions and they’ll act as your assistants, friends or co-players within Balance games.

Using Balance.fun, the platform’s primary web interface, you can create your AI agents and specify various details, such as appearance, personality and functions.

Balance isn’t just another obscure crypto gaming platform. The origins of the project date back to 2020, when the E-Pal social gaming provider was launched by four young California-based technology entrepreneurs — Brian Xiong, Tung Pham, Yuzhe Norris Wang and Yuanzhe Li. E-Pal quickly became a leading force in the newly emerging social gaming field, helping players worldwide find gaming companions. By early 2024, E-Pal had become the world’s largest gaming companion platform, boasting 4.2 million users and 450,000 Epals (gaming companions).

In February 2024, the E-Pal team focused its efforts on 

 and AI technologies, starting the development work on the Balance gaming platform. In September of the same year, Balance went live.

Per the project’s documentation, the platform operates on its own chain, Balance Chain, with 

 (AA) technology used for cross-chain communication. The fungible and 

 (NFTs) held by user accounts are based on the 

A key part of the Balance ecosystem is Key Nodes — purchasable 

 that help with the processing, storage and distribution of data required in the resource-intensive environment of web3 gaming. Some applied instances are the management of real-time leaderboards and the automatic distribution of loot and in-game currency. These nodes can also support the computational requirements of training AI models. As a reward for their work in supporting the platform’s operations, Key Nodes receive a wide range of rewards and benefits, including distributions of EPT tokens, the platform’s native cryptocurrency.

As the ecosystem develops, Key Nodes are envisioned to be involved in governance, 

 launch in September 2024, Balance introduced its Points System, designed to reward early contributors to the platform. During the campaign run in September, users could earn points by completing various specified tasks in various activities, such as joining the project’s social media pages or commenting and reposting.

The 400 users with the best performance in the Points System earned a whitelist spot to receive Pioneer Badge NFTs — distinct tokens that provide owners with early access to games, future campaigns, airdrops and beta testing opportunities. Pioneer Badge NFT holders can also enjoy other benefits, such as premium NFTs and voting rights on the Balance platform.

Balance’s platform provides a set of tools to create and use intelligent companions for Balance-based games. You can design your AI companions by specifying their key traits and behaviors through custom prompts and strategies. The AI agents on Balance can assist you in battles, gaming contests, learning, routine task execution and interactive entertainment.

Balance’s platform is made up of five key layers, each one serving a specific purpose in supporting its user and developer communities. At the top of the architectural stack is the application layer, which acts as the main interface for users to interact with human and AI companions and the wider Balance community.

The application layer also contains the AI Battle Reporting System, which is designed to give users feedback and analysis tools on their performance in the platform’s gaming ecosystem. AI technology is leveraged here to provide personalized analytics and performance improvement recommendations.

A range of NFTs are also part of the layer. These include in-game asset NFTs, as well as 

 (SBTs) that serve as summaries of the holder’s achievements.

The platform layer hosts the various games within the Balance gaming universe. These include both internal games and third-party games that have partnered with Balance. The key concept uniting all of the games is the active integration of AI companions and AI players, making the platform a unique environment in which humans and AI agents play, interact and compete.

The platform layer also features an AI-driven NFT launchpad that offers a rich tool set for creating personalized NFTs for games and applications. These NFTs can be traded on Balance's NFT marketplace, which is also an integral part of the platform layer.

The protocol layer includes a trio of critical protocols — the Fans Protocol, Epal Fan Token (FT) Exchange Protocol and Asset Protocol. The Fans Protocol lets players launch and manage their Fan Tokens, creating opportunities for influencers and community builders to tokenize their efforts and launch high-potential crypto assets. Meanwhile, the Epal FT Exchange Protocol facilitates the management of (and trade in) Fan Tokens.

The third protocol, Asset, is used for the comprehensive management of a wide range of digital assets on Balance, providing easy-to-use tools for asset creation and trading.

The token layer is designed for core operations involving the platform’s native EPT token. This layer supports the use of EPT for in-game purchases, access to services and AI companions, Fan Token minting and trading, in addition to other functionalities.

This is the underlying infrastructural layer that powers the platform’s operational mechanism. It can be described as Balance's operating system, and is made up of several critical components: the node system, the Balance 

, the Balance Chain network and the platform's unique ID system.

The node system provides the computational and storage resources to power games and other functionality on Balance. In addition, the system acts as a key connecting medium between Balance Chain and the AA functionality that lets the platform enjoy cross-chain capabilities.

The Balance stablecoin, also part of the infra layer, is designed to reduce volatility and bring rate stability to the platform's gaming ecosystem. The Balance stablecoin system helps players engage in asset trading without the fear of wild market fluctuations, an important consideration in the 

Designed to support multiple chains, Balance Chain operates based on dynamic protocol adaptation, automatically selecting the optimal blockchain platform according to user preferences and needs. This dynamic adaptability is designed to reduce costs, improve operational speed and enhance overall security for users.

The final major component of the Balance infrastructure layer, the Balance ID system, is a unified and secure user authentication and identity management solution. To be introduced later in 2025, the ID system will let users access all services and games within the Balance ecosystem via a single set of cross-platform decentralized credentials. In addition to human players, also AI companions will have their unique IDs.

EPT is the native cryptocurrency of Balance. Although the platform has been operational since 2024, the EPT token was just launched on Apr 21, 2025, with a total and maximum supply of 10 billion. It was issued on two major blockchains — Ethereum and BNB Chain. EPT has a wide range of functional use cases on the platform, including the following:

The EPT token's supply allocation is per the chart below.

 as a swap pair with USDT, and through the exchange's 

 based on USDT. You can also take advantage of Bybit’s campaign dedicated to the token to grab a share of the 

Under the terms of the event, new users can earn EPT rewards by accumulating a deposit volume of at least 3,000 EPT, or by depositing at least 100 USDT and trading 100 USDT worth of EPT via their first spot trade with Bybit. Meanwhile, existing users can qualify for rewards by trading at least 500 USDT worth of EPT on Spot. The event is valid through May 5, 2025, 9AM UTC.

As of Apr 25, 2025, the EPT token has been on the market for only four days, and is trading at $0.0117, which is 26.4% lower than its ATH of $0.01708 on Apr 21, 2025, and 11.4% higher than its ATL of $0.01129 on Apr 22, 2025.

Long-term price forecasts for EPT are mostly bullish. DigitalCoinPrice 

 of $0.0412 in 2027 and $0.0615 in 2030, whilePricePrediction 

These and other emerging long-term forecasts for the token don't constitute investment advice. Given EPT's extremely short history on the market so far, 

 on the token's future prospects, carefully assess market fluctuations within the crypto gaming niche and consider all other relevant factors before investing in it or any other cryptocurrency.

Capturing emerging market trends and sensing the broader market conditions, the team at E-Pal recognized the tremendous potential of gaming companions back in 2020. Four years later, E-Pal realized that the new market dynamics in gaming called for something even more innovative — the use of AI companions, in addition to fellow humans. The resulting product, the Balance platform, is now racing to stake the claim to the best web3 gaming environment supported by AI agents.

The platform's unique features — cross-chain functionality supported by an AA mechanism, a dynamic exchange system that selects the best network for users' transactions and, most importantly, intelligent AI companions — can certainly help establish Balance as a leader in this niche of web3 gaming.

AI agents are taking the gaming industry by storm, with blockchain technology acting as a powerful enabler of these intelligent friends of ours. The Balance gaming universe — supported by the proven track record of E-Pal — has a great chance of becoming the go-to environment in which to befriend your next artificial gaming partner.

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Balance (EPT): Revolutionizing web3 gaming with evolving AI companions

Mantle has launched the Mantle Index Four (MI4), an institutional-grade fund providing diversified exposure to yield-bearing digital assets. 

The S&P 500 rose 2.03% on strong Alphabet earnings and optimism over a possible Fed rate cut. Gold jumped 1.5% to $3,338 as trade tensions rose and a weaker dollar, along with falling yields, boosted demand. Fed rate cut signals also supported the rally. The Coindesk Indices, which tracks the broader crypto market, rose 0.74%, with Bitcoin up 0.06% and Ether down 1.89%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is INIT, up 15.4%, following the launch of Initia, which aims to revive the appchain concept with an interconnected network and an INIT token airdrop.

Initia (INIT), founded in 2022, is a modular blockchain platform that combines a Layer 1 network with customizable Layer 2 rollups, enabling scalable decentralized app development. It offers flexibility in virtual machines, gas tokens, and transaction systems, while ensuring interoperability and addressing issues like liquidity fragmentation and network congestion. Initia has 

 to revive the appchain concept by offering a network that integrates appchains in a cohesive, interconnected way. The platform emphasizes full-stack control for apps, avoiding fragmentation. Initia is also launching an airdrop with claims available until May 24, 2025. The native token, INIT, has a fixed supply of 1 billion, distributed across eight categories.

Check out the latest prices, charts, and data of 

, an institutional-grade fund providing diversified exposure to yield-bearing digital assets. In partnership with Securitize, which has tokenized over $3B in assets, the fund aims to fill a market gap by offering native yield generation in a traditional fund format. Mantle Treasury has committed up to $400M as the anchor investment. The fund will rebalance quarterly and incorporate DeFi-native staking strategies, such as mETH and bbSOL, while ensuring investor protections. MI4 targets both crypto-native and traditional investors, with Phase 1 rollout scheduled for Q2 2025.

Yesterday, BTC spot ETFs saw a total inflow of $114.7 million, all from non-GBTC funds, while GBTC recorded no flow.

Dolomite, the 10th largest DeFi lending app, is launching a 200M token 

 (20% of total supply) during its TGE on April 24, rewarding users based on platform usage. The DOLO token powers a three-token system alongside oDOLO and veDOLO, enabling incentives, governance, and potential revenue sharing. With over $800M in TVL, Dolomite expands to Berachain, integrating with its Proof of Liquidity system to offer advanced lending features and asset utility.

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Mantle launches MI4 fund for institutional-grade digital asset exposure and yield generation

Bybit Learn

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Crypto

Undecided on what wallet you should get for crypto storage? Here are the best WalletConnect compatible wallets to get with extra security for transactions.

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 (DApps). People who want to add extra layers of security to their transactions can benefit from using WalletConnect-compatible wallets for crypto storage. This guide will touch on WalletConnect, DApps, crypto wallets and some of the best WalletConnect-compatible wallets for 2024.

WalletConnect is an open-source protocol, founded in 2018, which uses deep links or QR codes to connect wallets and decentralized applications that are compatible with it.

Although WalletConnect is often mislabeled as an application, it isn’t one — contrary to popular belief. Rather, it’s a protocol which uses a shared key between peers to create an encrypted connection for devices, 

As of mid-2024, the protocol is compatible with over 500 crypto wallets, and even more applications. Some of the most common WalletConnect-compatible wallets include 

One key purpose for using the protocol with WalletConnect-compatible wallets is creating a more reliable connection. The protocol helps solve past accessibility issues, which often required people to install multiple browser extensions, or create new crypto wallets and transfer funds to access certain DApps. 

 — decentralized applications — exist on a 

. These digital applications aren’t controlled by any single authority, and may be developed for social media, finance, gaming or other purposes. 

 blockchain. Some of the reasons why developers create DApps include fewer censorship risks, enhanced user privacy and development flexibility. However, DApps also present scalability issues, and modifying code can present challenges.

 is an application that people use to access and store crypto assets they own. Similar to a tangible wallet that holds cards and cash, a crypto wallet is a digital variant that keeps passkeys for different assets. These passkeys are necessary for making transactions. In the past, crypto transactions required manually entering long keys. However, today crypto wallet applications handle the complexities of crypto transactions.

Crypto wallets also have public keys, which are addresses that people can see to ensure that they’re making a transaction with the correct party. However, only the holders of crypto wallets can see their own private keys for transactions.

WalletConnect has recently expanded its product suite to further enhance user experiences with 

, a concept that emphasizes user control, choice and composability. This expansion includes the introduction of 

, two innovative frameworks designed to streamline and secure interactions between wallets and applications.

AppKit offers a comprehensive set of tools for application developers, facilitating easier integration and better user interfaces. This SDK 

, such as React, Vue and Svelte, and allows for the creation of customized user interfaces with options for light and dark modes. Key features include EIP-6963 compliance, email wallet connections, fiat-to-crypto transactions via Onramp and a multi-chain setup that’s compatible with hundreds of wallets like MetaMask and Coinbase. Additionally, AppKit provides a transaction history view that enhances user transparency and trust.

WalletKit is designed to empower wallet developers with features that prioritize security and seamless connectivity. It includes a Sign API that enables DApps to request users to sign transactions or messages directly, 

 that simplifies the verification of wallet address ownership. WalletKit’s chain-agnostic design ensures that developers can support multiple blockchains efficiently, which is vital for creating flexible and resilient applications.

Together, these products not only enhance the functionality of WalletConnect but also align with the platform’s mission to be the UX platform for the new internet, ushering in an era where digital ownership and decentralized technologies are accessible, secure and user-friendly.

WalletConnect makes it possible to enhance security for transactions without revealing the personal information of any parties involved. In comparison with browser extensions, this protocol is much more private, and is also a lot safer. 

Best WalletConnect-Compatible Wallets for Crypto Storage

WalletConnect offers a versatile and seamless integration platform for developers, enabling connections to over 6,000 applications across 150 blockchain networks. This tool is designed to enhance user experience significantly by incorporating advanced features related to authentication, security and beyond. With compatibility across multiple programming languages — including JavaScript, React Native, Swift, Kotlin, Flutter and C# — WalletConnect provides a robust framework for developers who want to innovate and optimize their blockchain applications efficiently. 

Although most crypto wallet apps are free to download and use, there are other fees that are included when making transactions. Crypto wallet users may have to pay service fees, platform fees, and blockchain 

Wallet creators don’t receive these gas fees, and have no control over their fluctuation. However, wallets typically allow users to set a variable or tiered transaction fee, which usually corresponds with the speed needed for a transaction. For example, setting a higher fee means that there will be a faster processing speed. On the contrary, people may set lower fees for non-urgent transactions. Of course, processing fees may also depend on the different third-party processors for wallet providers who use third parties. 

If you’re looking to create a new wallet, the following are the best WalletConnect-compatible wallets you can use.

Bybit Web3 Wallet is an exceptional choice for users seeking a wallet that’s versatile, comprehensive and WalletConnect-compatible. Ideal for those who desire robust features and extensive cryptocurrency management, Bybit Web3 Wallet caters to a wide range of crypto enthusiasts, and supports over 1 million cryptocurrencies.

Bybit Web3 Wallet is compatible with more than 30 blockchains, offering unparalleled flexibility and reach. It provides storage for 

 from Ethereum and other compatible blockchains, ensuring users can manage their digital collectibles with ease. The wallet's intuitive design and extensive support for various cryptocurrencies make it a user-friendly option for both novices and experienced traders.

Beyond basic storage and transactions, Bybit Web3 Wallet is packed with additional features. Users can 

 to earn crypto rewards, trade cryptocurrencies directly within the wallet and benefit from seamless integration with Bybit’s ecosystem. It supports multiple types of wallets, including Bybit Cloud Wallet, seed phrase wallets, keyless wallets and third-party wallets such as MetaMask.

Available for both desktop PCs and mobile devices, Bybit Web3 Wallet ensures users can access their assets anytime, anywhere. The app is designed to be secure and convenient, catering to the needs of a dynamic and fast-paced crypto environment, making it one of the best WalletConnect-compatible wallets on the market.

 is one of the best WalletConnect-compatible wallets for busy people who want one that does everything and manages a wide range of cryptocurrencies.

This crypto wallet supports over 1 million cryptocurrencies and is compatible with at least 50 blockchains. Also, the wallet can store NFTs from the Ethereum blockchains. The app has a user-friendly design and supports a wide range of cryptocurrencies. While many wallets exist only for crypto storage and transactions, Trust Wallet has other useful features that users like, such as staking, which allows users to earn crypto rewards. Users can buy and sell crypto within the crypto wallet.

According to Trust Wallet's website, the app is free to use for Apple or Android mobile devices. However, there are two potential drawbacks. First, the crypto wallet uses 

. This means that it stores everything online. As you might guess, offline or cold storage is more secure, as it’s less vulnerable to cyberattacks. And second, the wallet doesn’t have a browser extension or a 

 isn’t the best WalletConnect-compatible crypto wallet for beginners, but it is excellent for users who prefer maximum anonymity and only use Ethereum-based crypto.

MetaMask's hot wallet supports more than 450,000 cryptocurrencies on the Ethereum, Avalanche and Polygon chains. In addition to receiving or making crypto payments, users can buy and store 

 or NFTs and exchange cryptocurrencies. Users don’t have to include any personal information that makes them identifiable, and they can set up multiple addresses across blockchains for extra anonymity with their WalletConnect-compatible wallets.

This crypto wallet is free to use for crypto storage. According to its website, the

 the platform charges is 0.875%, which is automatically factored into every quote. This crypto wallet comes with some potential drawbacks, one of which is that there’s no option to reset a password. Additionally, only tokens based on the Ethereum chain are supported, which rules out storing your BItcoin on it.

 offers versatile features for both new and seasoned users, and it’s good for people who prefer cold storage.

According to the Ledger Live website, users can receive and send more than 5,500 cryptocurrencies through the app. Also, they can manage even more cryptocurrencies from external wallets. 

Ledger Live is the proprietary software that’s used for Ledger hardware cold wallets. There are three Ledger hardware options: Stax, Nano X and Nano S Plus. Users can compare the different features of these crypto wallet devices to select one for their needs.

These WalletConnect-compatible wallets feature high-level security with their chip cards. The devices are also less expensive than some other hardware wallets. In addition, it’s great that the keys are never accessible via the web.

While the app is free to use, there are a few potential drawbacks. The Nano wallets aren’t as mobile-friendly as some competing products. These external wallets range in price from about $79 to $179.

 is a hot-storage crypto wallet that’s great for users who have Ethereum-based assets and want a quick, one-stop place to manage them.

This crypto wallet is available for Android and Apple devices. Users can quickly send assets to 

 names instead of addresses; see transaction history; import seed phrases from other wallets; and manage DeFi tasks within the app. Another advantage to this crypto wallet is that users can 

 on iCloud for recovery — so that they don’t have to worry about losing access to the account.

Rainbow doesn’t charge users to store, send or gift assets with their WalletConnect-compatible wallets. For people who have digital assets that exist outside of the Ethereum blockchain, the main disadvantage is that Rainbow is for Ethereum assets only.

 is one of the better WalletConnect-compatible wallets for businesses, individuals and experienced users who prefer cold storage.

This crypto wallet uses open-source software and is available to Apple or Android users. Because the wallet uses cold storage for Ethereum coins, users have full control over their assets and can store information on their computers or external devices. The wallet's design makes swapping digital assets simple, without the need to use external exchanges or platforms.

This free-to-use crypto wallet lets users interact with DApps and smart contracts and manage NFTs. One disadvantage, however, is that it only supports Ethereum coins and assets from Ethereum-compatible chains — for example, Binance Smart Chain, Polygon and Ethereum Classic assets.

, a top crypto wallet for Ethereum and Bitcoin users who want affordable cold storage, features

 three main crypto hardware devices: the S1, S1 Pro and X1. These hardware wallets are sold online and priced around $49.99 to $89.99 as of July 2024. 

The SafePal app, which is available for Apple and Android, integrates with them and other DApps through WalletConnect. Users can store, trade and manage a wide range of compatible crypto assets. There’s a self-destruct feature that prevents malware attacks. This simple-to-use wallet is also great for beginners seeking WalletConnect-compatible wallets, as it doesn’t charge 

 is a feature-packed choice that’s great for beginners and users who have ERC-20 tokens or Ethereum assets.

This crypto hot wallet allows users to securely store their digital assets with multiple layers of security, and they can store private keys safely in it as well. The app is available for Apple and Android devices. By using platform services, users can also earn interest. Additionally, they can buy cryptocurrencies within the app using a credit card. Argent Wallet is free to use. One of the features people like most is that 

 lets users choose which currencies they want to use to pay gas fees.

Argent wallet doesn’t support non-Ethereum assets, and fees for credit card purchases can be high. There’s also no web-based interface, which some may consider a detriment. However, this shortcoming also helps reduce vulnerabilities.

 is one of the preferable WalletConnect-compatible wallets for users who want multi-chain storage with a high level of security.

This crypto wallet app is flexible and decentralized, supporting more than 100 digital assets including Bitcoin, Ethereum, Filecoin, Polkadot and Cosmos. It’s available for Apple and Android devices.

One major advantage for users is the ability to stake crypto within the app. There are mnemonic phrases, private keys, two-factor authentication (2FA) and other forms of security. Another advantage is that people can use Math Wallet for hot storage, or integrate with Ledger for cold storage.

Although there are typical transaction fees, it’s free to store digital assets and to use the crypto wallet. There are two potential drawbacks: Some users report multiple glitches, and customer support doesn’t seem to be helpful in fixing them. Also, some features may be slow to load.

 is one of the best WalletConnect-compatible wallets for both versatile storage of digital assets on multiple blockchains and quick network-changing abilities.

This crypto wallet allows Android and Apple users full control of their assets via a mobile app. According to the website, users can stake tokens to earn daily rewards. The crypto wallet provides hot storage that supports thousands of digital assets. Users can store tokens including ATOM, XTZ, DOT, CKB, BCH, FIL, TRX, KSM, LTC, EOS, ETH and BTC. 

Switching between networks is as simple as selecting options from a menu. There’s also offline signature security with cold storage in a 

 for $109. The imToken wallet is known for having 

 as low as 0.1% or $3 in some cases. Although users must pay gas for transactions, imToken added an inbuilt exchange on its platform to allow users to swap stablecoins and cryptos for free.

One potential disadvantage is that there’s currently no web or desktop version. The wallet doesn’t have as many secondary security measures as some other wallets. Also, some users complain that communications and/or parts of the site are difficult to understand because they’re poorly translated.

 is a good choice for new investors, or for people who want a simple-to-use wallet for storing a wide range of cryptocurrencies.

Unstoppable is one of the newer WalletConnect-compatible wallets available. Users can store Litecoin, Bitcoin, Ethereum, Zcash, Dash and many other ERC-20 tokens. This noncustodial wallet lets users add a layer of security by using touch ID or facial recognition to lock and unlock. Also, the crypto wallet supports migration with other popular wallets. There are real-time estimations for transaction fees with Ethereum and Bitcoin.

The crypto wallet itself is free to use, and allows free storage. Fees are flexible, and the

 is available for Android and Apple users. Its potential drawbacks are that it has neither a multi-signature feature nor two-factor authentication.

12. Safe (Previously Known as Gnosis Safe)

 (previously known as Gnosis Safe) is a good wallet for users with Ethereum assets only, and it’s ideal for people who want multi-signature security.

This crypto wallet has a simple design and lets users borrow, earn and invest crypto assets. Although many users who choose it prefer the desktop version, there’s a mobile app on the Google and Apple app stores. Safe supports ERC-20 tokens, 

 and ERC-721 collectibles. Users like this wallet's multiple layers of authentication and its multi-signature feature. According to the website, its platform also shows users fiat-equivalent values for their assets.

Safe allows users flexibility to connect with offline storage and use hot storage from the platform. However, there is a wallet deployment fee to use it. Currently, the fee is 0.005 ETH. Users can access a free demo before committing to the purchase. Another potential disadvantage with the Safe wallet is that it only supports Ethereum-based assets.

 (previously known as Steakwallet) is a top choice for staking AKT, CELO, ATOM and a wide range of other tokens.

OMNI currently supports most major Layer 1 blockchains and a significant number of Layer 2 blockchains. As such, it supports thousands of digital assets across chains such as Ethereum, Arbitrum, Solana, and Polygon. 

Users like the app's aesthetic design, simple staking features and importing options. The wallet allows easy importing from Phantom, MetaMask and more. Also, people can use one secret phrase across multiple chains, enjoy a noncustodial structure and even purchase crypto with a debit card.

OMNI is free to use for storing crypto. Users can download it from the Apple or Google stores. A potential disadvantage of the app is that some users report glitches, crashes and/or installation issues.

 is a good wallet for users who have a wide range of crypto assets and want the ability to swap or earn as well.

BitPay offers multi-signature security and optional key encryption for its noncustodial wallet. Users appreciate being able to easily manage assets across several platforms in one place. BitPay offers multi-factor security and allows splitting payment authorization across up to 12 devices. The app is available in the Google and Apple stores, and users have the option to turn their crypto assets into gift cards for popular stores or send them to a BitPay debit card.

15 Best WalletConnect-Compatible Wallets for Crypto Storage

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15 Best WalletConnect-Compatible Wallets for Crypto Storage

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