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UniSat and Oyl are both Bitcoin wallets specializing in the Ordinals ecosystem, but they have different approaches and histories. UniSat is an early innovator focused on open-source development and comprehensive tooling, while Oyl is newer, with a strong focus on enhancing the in-wallet trading experience and creating a Bitcoin-native DeFi platform.
Ordinals curious? Learn more, here.
While both wallets serve the Ordinals ecosystem on Bitcoin, their core strengths differ:
UniSat is a market pioneer with a mature, open-source ecosystem of tools, positioning it as a foundational infrastructure for Bitcoin-native assets.
Oyl is a specialized trading platform built to centralize the trading experience and optimize transactions, with strong VC backing and a vision for future Bitcoin DeFi.
For developers and ecosystem builders, UniSat offers a highly transparent, open-source foundation with extensive documentation.
Early mover: Launched in April 2023, Unisat was the first open-source wallet for Ordinals and BRC-20 tokens.
Growth into an ecosystem: The wallet quickly expanded to include a suite of integrated tools, such as the UniSat Marketplace for inscriptions and BRC-20s, the UniSat Inscribe tool, and PizzaSwap.
Open-source commitment: From its beginning, UniSat has emphasized being 100% open-source, promoting community-driven development and transparency.
Cross-platform expansion: Initially a browser extension, UniSat has since expanded to iOS and Android mobile apps, increasing accessibility.
Founding vision: Oyl was founded with the goal of rebuilding the Ethereum-centric DeFi infrastructure for the Bitcoin ecosystem, utilizing its unique architecture.
Recent funding: In early 2024, Oyl raised $3 million in pre-seed funding with participation from notable figures like BitMEX co-founder Arthur Hayes, signaling significant industry backing.
Product launch: Oyl launched its wallet and meta-protocol, Protorunes, in 2024, emphasizing in-wallet trading and market aggregation.
Partnerships and incentives: Oyl has partnered with UniSat on campaigns to create a shared XP system, indicating a cooperative approach despite being competitors. [2, 8, 9, 10, 11]
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UniSat Wallet | Oyl Wallet | |
Asset Support | Supports BTC, Ordinals, BRC-20, Runes, and Alkanes. | Supports BTC, Ordinals, BRC-20, and Runes. |
Trading Experience | Provides a robust marketplace and inscribe tool but trading functionalities are more a feature of its broader ecosystem rather than the wallet interface itself. | Built as a trading-first platform with in-wallet trading for BRC-20s, Ordinals, and Runes. Features a market aggregator to pull deals from other platforms. |
Developer Focus | Highly active in developing wallet SDKs and APIs. Its open-source nature attracts community-driven innovation. | Focuses heavily on Bitcoin DeFi infrastructure with its Protorunes meta-protocol and integration with platforms like OmniSat. |
UX/UI | Widely praised for being clean, user-friendly, and intuitive for asset management. | Also features a sleek, user-friendly interface, but has received some user reports of occasional loading issues and bugs, especially during its beta phase. |
Transaction Experience | Supports features like "single-step transfer" for BRC-20 assets on Fractal mainnet to optimize transaction flow. | Offers streamlined "one-click" BRC-20 transactions by automating the splitting and re-inscribing steps. |
Security and Privacy | 100% open-source, non-custodial, and uses local encryption for private keys. | Non-custodial with a focus on safe trading. Offers advanced Taproot and SegWit support to prevent accidental spending of inscriptions. |
Market Integration | Operates its own marketplace for inscriptions and BRC-20 tokens. | Includes a marketplace aggregator that pulls listings from top platforms, including UniSat itself, providing a broader view of the market. |
Ecosystem Hooks | Offers a variety of integrated tools like the UniSat Marketplace, Inscribe, PizzaSwap, and a DApp Center. | Integrates with other Bitcoin DeFi projects like OmniSat and hosts special campaigns, such as its XP system collaboration with UniSat and ID Club. |
[1] https://docs.unisat.io/products/unisat-wallet
[2] https://www.chaincatcher.com/en/article/2139255
[3] https://www.linkedin.com/company/oyl-corp
[4] https://chrome-stats.com/d/ilolmnhjbbggkmopnemiphomhaojndmb
[5] https://phantom.com/learn/crypto-101/best-bitcoin-wallet
[6] https://www.cointracker.io/blog/bitcoin-ordinal-wallets
[9] https://x.com/oylwallet/status/1937874833682903446
[10] https://www.chaincatcher.com/en/article/2139255
[11] https://crypto-fundraising.info/projects/oyl/
[12] https://github.com/unisat-wallet/wallet-utils
[13] https://x.com/oylwallet/status/1793283811305836629
[14] https://twitter.com/oylwallet/status/1860014386582290567
[15] https://apps.apple.com/us/app/unisat-inscribe-your-dreams/id6498628503
[16] https://allcryptowallets.org/wallets/unisat
[17] https://x.com/unisat_wallet
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Since Oyl is now carving out its lane in the Ordinals / Bitcoin ecosystem, I wanted do a comparison between the TWO most favored wallets in Bitcoin dev circles. Read on to discover the best Taproot wallets for Ordinals in 2025 — secure your inscriptions & ride the Bitcoin art wave. 🤳🏽 https://paragraph.com/@n3w-m0n3y/discover-the-best-taproot-wallets-for-ordinals-in-2025