💰 Overall rating: 75/100

Brief description: THORWallet demonstrates clear value in product positioning, functional innovation, and compliance exploration. Its non-custodial model and native cross-chain exchange are core advantages. However, its token market cap and trading activity are relatively low, and it faces intense market competition. This rating focuses on its product practicality and long-term ecological development potential.

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🔑 Key factors

  • Founding team: The project was founded by Marcel Harmann, who serves as CEO. In an interview in 2025, he outlined the project's vision: to meet all financial needs of humanity through decentralized finance (DeFi) without intermediaries.

  • Funding acquired: In the results of this search, no specific information could be found regarding THORWallet's financing rounds, amounts, and institutional investors.

📈 Fundamentals

  • Project overview: THORWallet is a non-custodial decentralized finance (DeFi) wallet. Its core innovation lies in providing native cross-chain exchange functionalities, such as the first direct exchange between Bitcoin and Ethereum without the need for wrapped assets.

    • Core function: Aims to become a comprehensive financial service center, allowing users to hold, receive, trade, exchange, engage in perpetual contract trading, and save all within one application.

    • Competitive advantage: Its main competitive advantage lies in the non-custodial model (users have full control over their assets) and innovative multi-signature security technology (which is chain-agnostic and achieves high-security management without the need for hardware wallets).

  • Community building: Regarding the community size of its token TGT, such as the number of social media followers, no clear data was found in this search. However, based on its wallet functionality supporting over 20,000 tokens and covering multiple ecosystems, its product itself has the potential to serve a wide user base.

  • Competitors: THORWallet is in the fiercely competitive arena of 'decentralized wallets'.

    • Direct competitors: Including other well-known non-custodial wallets, such as Trust Wallet (with a total supply of its token TWT being 1 billion).

    • Competitive advantage: Its advantage lies in the native cross-chain exchange experience and the integration of local bank accounts in collaboration with a Swiss fintech company (supporting fiat currencies such as Swiss Francs, US Dollars, Euros, and Chinese Yuan), providing users with a seamless fiat deposit and withdrawal channel.

    • Market capitalization reference: According to multiple data sources, the circulating market cap of the TGT token is approximately $10 million, with a fully diluted valuation (FDV) of about $15.88 million. Its circulating supply is around 588 million tokens, with a maximum supply of 900 million.

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