Ambire Wallet
WALLET
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Ambire Wallet (WALLET) demonstrates solid technical execution and security fundamentals, supported by active development, continuous browser extension updates, EIP-7702 integration, and clean security audit records from multiple independent firms (including CertiK, Code4rena, Hunter Security, and Coinspect) with $0 cumulative exploit losses. The project is led by known public founders with venture backing. However, WALLET faces considerable adoption and market headwinds, competing against dominant incumbents in the smart wallet space, which is reflected in a low market capitalization (~$10.8M-$10.9M) and constrained daily trading volume ($4.4K-$39.8K). Additionally, tokenomics exhibit moderate centralization risk with ~57.7% allocated to insiders/treasury, alongside a modest community holder base (~8,910 addresses). No qualifying red-flag events, migrations, or fraud indicators were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Ambire Wallet (WALLET)
Ambire Wallet (WALLET) is a self-custodial, cross-chain smart-contract wallet built for the EVM ecosystem. Developed by AmbireTech and founded by Ivo Georgiev and Dimo Stoyanov, the platform provides smart wallet features, usability tools, and gas abstraction. Notable technical milestones include support for Safe accounts, browser extension releases, and early integration of EIP-7702 on the Ethereum mainnet. The WALLET token operates with a capped total supply of 1 billion, serving multiple roles including decentralized governance, staking derivatives, fee payments, and a DAO-governed buyback-and-burn mechanism.
The project raised $2.5 million in funding from 12 investment firms and maintains an open-source codebase under a GPL-3.0 license. Ambire has undergone multiple independent audits and security assessments from firms including CertiK, Code4rena, Hunter Security, Shieldify, and Coinspect, with cumulative exploit losses recorded at $0. Governance proposals are managed via Snapshot, though voting power remains concentrated and approximately 57.7% of the token supply is allocated to insiders and the project treasury.
Ambire Wallet faces market competition from incumbent wallet providers such as MetaMask, Safe, and Rabby. The token experiences liquidity and adoption challenges, with a market capitalization of approximately $10.8 million to $10.9 million, constrained daily trading volumes ranging from $4.4 thousand to $39.8 thousand, and a holder base of roughly 8,910 addresses. In September 2025, the team issued a precautionary security advisory temporarily advising users to pause transaction signing and app interactions during an internal security protocol review, though no user funds were compromised.