Why do wallet logins receive praise on crypto platforms but fail to attract users?

【BitPush】DeFiLlama founder recently shared his views on the wallet login model. Although this concept has been a hot topic in the crypto circle, its practical promotion faces many tough challenges. The primary issue is that users easily forget the wallet address they used during registration, leading to duplicate registrations or inability to recover accounts. Even more awkwardly, in a pure wallet login mode, it is impossible to promptly push important notifications—such as critical alerts that API quotas are running out, which users would miss. To patch this loophole, some platforms have introduced email as an auxiliary method, but this weakens the original intention of wallet login (saving the step of email verification), and instead increases operational difficulty, making the user experience more complicated. In simple terms, in scenarios with high security requirements, pure wallet login indeed has value, but such applications actually account for a small proportion of the entire market.