XDEFI Wallet, a browser-based service for decentralized finance (DeFi) and nonfungible token (NFT) assets, has officially integrated the layer i blockchain protocol Terra on its platform following a number of weeks of testing and development.

With the addition of Terra, the platform at present supports ix blockchain networks including Bitcoin, Ethereum and Polygon. It has likewise expressed intentions to incorporate Solana, Avalanche and Arbitrum in the hereafter.

Earlier this month, XDEFI launched their public cross-wallet extension onto Google Chrome's web store, with the stated intention of enabling easy-accessibility for the browser's users.

In late September, XDEFI raised $6 million from a recognized number of venture capital crypto firms including Mechanism Capital, Alameda Inquiry and CoinGecko every bit well as a series of private individual investors.

CEO and co-founder Émile Dubié commented on the benefits of Terra's native algorithmic stablecoin TerraUSD (UST):

"I believe that UST serves a unique purpose as a decentralized stablecoin and will become a central component of the crypto ecosystem. Terra's killer app is its accessible and UX-focused environment that caters for wider web3 adoption. It is truly heady to see how Terra has developed as a Layer i and to see projects flourishing around UST."

Related: three reasons why Terra (LUNA) price hit a new best high

XDEFI also revealed plans for the creation of a liquidity program on Terra in partnership with DeFi protocol Pylon. The program will aim to back up debut projects on the Terra ecosystem and grant the community governance opportunities equally to the types of projects selected.

According to analytical data from DeFi Llama, the Terra blockchain facilitates $nine.75 billion in total value locked, or TVL, across viii assets, the most popular of which are Ballast Protocol, Lido Finance and the decentralized blogging platform Mirror, which recorded $3.94B, $2.95B and $1.27B, respectively.

CEO and co-founder of Terra, Practice Kwon, shared his excitement on the potential impact XDEFI could accept on the Terra ecosystem:

"We're thrilled to welcome XDEFI equally a not-custodial wallet supporting the Terra ecosystem. XDEFI integrating Terra provides LUNAtics with 1 of the fastest and almost user-friendly multi-chain wallets in the industry, including a customizable NFT display which is shortly to characteristic Terra's booming NFT market."