List of the Top 3 DeFi Tools for Bifrost in 2025

Simplify your tax reporting process with Koinly, a tool designed to ensure accuracy and reliability; just link your exchange accounts or public addresses, and Koinly will handle the calculations of your capital gains, ultimately producing a tax report ready for the next filing season. The final report provided is approved by tax agencies, making it straightforward to print and submit. Koinly offers a comprehensive accounting and tax reporting solution tailored for cryptocurrency enthusiasts, investors, and accountants alike. With an impressive range of over 700 integrations, Koinly is compatible with upwards of 400 exchanges, 100 wallets, and more than 170 blockchains, enabling users to maximize their cryptocurrency capital gains effectively. You can consolidate all your transactions in one convenient location, eliminating the hassle of switching between various wallets and accounts. By easily syncing your data with Koinly, you gain a clear overview of your entire trading history. Tracking your cryptocurrency assets and associated tax obligations is effortless, as you can monitor your total holdings and portfolio growth over time across all your wallets and exchanges, alongside your tax responsibilities. Additionally, Koinly equips you with tools to identify and resolve any discrepancies in your transactions, helping to eliminate the headache of unexpected gains and erroneous tax reports. With Koinly, you can confidently preview your capital gains and tax obligations for free before generating the necessary tax documentation.

Embark on your exploration of blockchain applications in just a few moments. Trusted by over a million users worldwide, MetaMask is available as both a browser extension and a mobile app. This multifunctional tool serves as a secure repository for your keys, ensures a safe login process, functions as a token wallet, and provides a platform for token exchanges, effectively encompassing all the necessary features for managing your digital assets. It stands out as one of the most intuitive yet secure ways to connect with decentralized applications on the blockchain. By venturing into the new decentralized web, you maintain complete control over your interactions. MetaMask takes care to generate passwords and keys locally on your device, ensuring that only you can access your accounts and personal information. You are empowered to choose what data to share and what to keep private. As an essential asset for blockchain newcomers, token investors, crypto aficionados, and developers, MetaMask has achieved over a million downloads and continues to rise in popularity! Its user-friendly interface not only enhances the experience for its users but also makes it an indispensable tool for navigating the fast-paced digital environment. With its ongoing expansion and commitment to security, MetaMask is positioned to remain a cornerstone in the world of cryptocurrency and decentralized finance.

WalletConnect is an open-source protocol that connects decentralized applications to mobile wallets through methods like QR code scanning or deep linking. This innovative approach allows users to interact securely with any decentralized app (DApp) via their mobile devices, making WalletConnect wallets a safer option compared to traditional desktop or browser extension wallets. The protocol creates a seamless connection between web applications and compatible mobile wallets, enhancing user convenience. Users can start a WalletConnect session by either scanning a QR code displayed on their desktop or by tapping a deep link on their mobile device. It's important to clarify that WalletConnect is not a standalone application; instead, it is a widely adopted protocol utilized by numerous DApps and wallets. To take advantage of this service, users only need to install any mobile wallet that supports the WalletConnect protocol, which is compatible with both Android and iOS platforms. A notable aspect of WalletConnect is that it does not involve any tokens and does not function on a blockchain, which means that users are not subject to transaction fees. The WalletConnect initiative is actively developed by a dedicated community of open-source contributors who are engaged in a variety of wallet and DApp projects. For those interested in participating in the development or contributing to the project, we welcome you to connect with us on Discord or Telegram, as your contribution would be highly valued. Furthermore, the ease of use and adaptability of WalletConnect enhances the overall user experience in the decentralized finance landscape, making it a pivotal tool for both developers and users alike. This combination of security and accessibility positions WalletConnect as a crucial element in the evolution of decentralized applications.