What XMTP does

XMTP (founded 2021, Austin, TX / Victoria, BC) is an open-source, decentralized messaging protocol and network that enables secure wallet-to-wallet and agent-to-agent communication for Web3 applications. The protocol is built on the IETF Messaging Layer Security (MLS) standard and uses quantum-resistant hybrid encryption to provide end-to-end security with perfect forward secrecy and post-compromise guarantees; the MLS implementation was audited by NCC Group, the same cryptography firm that reviews Signal and WhatsApp. The product surface includes the core XMTP Protocol, the XMTP Chat mobile application, the decentralized Switchboard node network, and XMTP Mini-apps (programmable group chats with embedded payments, apps, and games), with 1,700+ mini-apps in production across the ecosystem.

XMTP's core products serve three primary customer segments: application developers building chat-based apps, AI agents operating on blockchain networks requiring autonomous communication infrastructure, and end users who need censorship-resistant private messaging. Named integrations include World (Worldcoin) for verified-human messaging, Coinbase's Base App for L2 messaging infrastructure, Convos for consumer chat, and Zora for NFT marketplace communication. The protocol supports any decentralized identifier (DID) — wallets, passkeys, social accounts — with no platform lock-in.

XMTP's business model is usage-based at the protocol layer: app and agent builders pay approximately $5 per 100,000 messages, with 100% of that fee flowing directly to independent node operators running decentralized infrastructure globally. The company (XMTP Labs) has raised a cumulative $45M across a 2021 seed ($5M, Offline Ventures-led), 2021 Series A ($20M, a16z crypto-led), and 2025 Series B ($20M, a16z crypto / Faction / USV-led). Go-to-market is developer-first and community-led: open-source SDKs, docs.xmtp.org, GitHub, the XMTP Improvement Forum, and Builder Community events drive self-serve adoption without API keys or app-store approval.

Name

XMTP

Legal name

XMTP

Website

https://xmtp.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

XMTP is a decentralized, quantum-resistant messaging protocol enabling secure wallet-to-wallet and agent-to-agent communication for Web3 applications. It connects 55 million users, 4,500+ developers, and 1,700+ mini-apps across partners including Worldcoin, Coinbase's Base App, and Zora.

Ownership category

akta.pro rank

Product category

Decentralized Messaging Protocol

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Decentralized Node Infrastructure & RPC Networks (node providers, RPC relays, indexing-as-a-service) (FSAPALAG)

akta.pro secondary industries

Developer APIs & Node Access (RPC providers, node infrastructure APIs) (FSAPABAC), RPC / Node API Infrastructure Providers (FSADAKAD), NFT Commerce, Ticketing & Utility Enablement (token-gated access, memberships, passes, ticketing rails) (FSAPAFAJ)

Keywords

• Decentralized messaging protocol
• Wallet-to-wallet messaging
• Web3 communication infrastructure
• End-to-end encrypted messaging
• Agent messaging platform

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Message delivery fees: App and agent builders pay approximately $5 per 100,000 messages to use XMTP. 100% of that payment goes directly to independent node operators who run the infrastructure and deliver messages across the network. This is a usage-based revenue model where node operators are compensated for message delivery services.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

XMTP is an open, decentralized messaging protocol and network that enables secure wallet-to-wallet and agent-to-agent communication built on the IETF Messaging Layer Security (MLS) standard. App and agent builders integrate XMTP SDKs to deliver end-to-end encrypted messaging, native digital money transfers, and programmable group chats (mini-apps) without app store rules, API keys, or kill switches. Builders pay approximately $5 per 100,000 messages, with 100% of that payment going directly to independent node operators who run the network.

Product overview

XMTP is a decentralized, quantum-resistant messaging protocol serving as an open layer for chat-based applications. The core offering is the XMTP Protocol, which enables secure wallet-to-wallet and agent-to-agent messaging built on the IETF MLS standard. The ecosystem includes XMTP Chat (the flagship mobile messaging application), the XMTP Network/Switchboard (decentralized node infrastructure providing end-to-end encryption and spam protection), and XMTP Mini-apps (programmable group chats supporting payments, apps, agents, and games with over 1,700 production deployments). The protocol natively supports digital money integration, allowing secure payments within conversations. Ecosystem applications including World, Base App, Convos, and Zora are built on the XMTP protocol.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 55 million users connected to the XMTP network
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• World (Worldcoin)coreStrategic or Co-development PartnerWorld (Worldcoin) combines Proof of Humanity with XMTP's secure messaging to create the world's first verified human messaging network. The partnership integrates Worldcoin's identity verification with XMTP's encrypted communication protocol.
• Base (Coinbase)coreTechnology or IntegrationBase App is built on XMTP, using the protocol for secure messaging infrastructure connecting users on Coinbase's Layer 2 network. Base is featured prominently in the XMTP ecosystem graphic.
• OpenClawcoreTechnology or IntegrationOpenClaw AI agents leverage XMTP along with Neynar, Starkbot, and Clanker as supporting infrastructure providers. XMTP enables autonomous agent-to-agent and agent-to-user secure messaging on Solana and Base blockchains.
• Shane Mac (XMTP Labs CEO)minorOthersShane Mac, CEO of XMTP Labs, contributed to a16z Crypto's privacy trends article for 2026, discussing the need for decentralized messaging infrastructure as a competitive moat for blockchains.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Push Protocol (EPNS): Decentralized messaging and notification protocol for Web3 wallets and dApps. Directly comparable to XMTP as a wallet-native communication layer competing for the same developer mindshare in crypto messaging.
• Status: Open-source messaging client with built-in Ethereum wallet and Web3 browser. Competes with XMTP at the intersection of secure messaging and Web3 identity/payments.
• Element (Matrix.org): Decentralized, end-to-end encrypted messaging protocol (Matrix) with federated architecture. Comparable to XMTP as an open-standards messaging layer prioritizing interoperability and decentralization.
• Session: Privacy-focused end-to-end encrypted messenger using onion routing and decentralized infrastructure. Comparable to XMTP on censorship resistance and cryptographic security positioning.

Emerging players

• Farcaster: Decentralized social protocol with Frames and Warpcast client. Adjacent to XMTP as another open protocol building composable Web3 social/communication primitives, often bundled with XMTP in agent stacks.
• Lens Protocol: Decentralized social graph protocol for Web3. Overlaps with XMTP in the open-protocol, wallet-native communication and social identity space.

Broad incumbents

• Sendbird: Enterprise messaging APIs and SDKs powering chat in thousands of apps. Represents the Web2 messaging infrastructure incumbent that Web3-native protocols like XMTP position against.
• Stream Chat: Provider of chat, activity feed, and video APIs for app developers. Comparable as a mature messaging infrastructure alternative whose developer-focused GTM XMTP is competing with for in-app messaging workloads.

Others

• Neynar: Farcaster developer infrastructure and APIs. Adjacent as a fellow ecosystem-enabling infrastructure provider that, like XMTP, is bundled into agent stacks (e.g., OpenClaw) for Web3 social and messaging.
• Coinbase (Base): Coinbase's Layer 2 network whose Base App uses XMTP for messaging. Strategic partner and distribution channel rather than a competitor, but materially shapes XMTP's enterprise and consumer reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/xmtp
• Xx.com/xmtp_
• LinkedInlinkedin.com/company/xmtpinc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors24 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about XMTP