5 Alternatives to MetaMask for Accessing DeFi Web3 Wallets

In the current cryptocurrency and Web3 space, MetaMask, as one of the most popular Wallets, has millions of users worldwide. However, with the continuous development of the industry, more and more alternative options have emerged. This article will introduce 5 Web3 wallets that can serve as alternatives to MetaMask, all of which can interact with DeFi applications across multiple blockchains.

Frame

Frame is a privacy-focused Ethereum Wallet that supports MacOS, Windows, and Linux systems. It allows users to manage all accounts, tokens, and projects while connecting to any dApp. One of Frame's key features is that it stores private keys outside of the browser, enhancing security. Additionally, it supports various mainstream hardware wallets.

After installing Frame, users can trade on various EVM-compatible chains through the browser extension, such as Ethereum, Optimism, Arbitrum, Polygon, and xDai.

Rabby

Rabby is an open-source Web3 wallet developed by a DeFi portfolio tracking tool. One of its main features is the ability to automatically switch to the corresponding blockchain network based on the websites the user visits, providing a seamless multi-chain experience.

To enhance security, Rabby will provide a detailed analysis of the transaction content at the time of transaction confirmation. Users can clearly see the specific operations of the transaction and the estimated balance changes. For example, when purchasing tokens on a certain DEX, the Wallet will display the transaction details and the expected account balance changes.

In addition, Rabby has integrated a security engine that can check each transaction before the user signs and alert them to potential risks.

XDEFI Wallet

XDEFI Wallet is a cross-chain browser extension that natively supports THORChain, Ethereum, multiple EVM-compatible networks (such as BSC and Polygon), and Terra. Users can perform cross-chain transactions directly within the wallet without the need for centralized exchanges or custodial services.

XDEFI also supports purchasing cryptocurrencies through third-party services. Although this wallet is not yet open source, it plans to support more blockchains in the future, such as Avalanche, Cosmos, Fantom, and Solana.

Web3Auth

Web3Auth (formerly Torus) is an open-source browser extension that allows users to authenticate using their Google account to interact with dApps, exchanges, or blockchains. Users can log in to their Google account with just one click and automatically access the built-in Wallet in the browser without needing to remember their mnemonic phrase.

Web3Auth uses threshold signatures and a distributed key generation network to automatically create an account during the first authentication. It combines the security of self-custody with ease of use.

This wallet is an improvement based on MetaMask, integrating tKey technology and using the Shamir secret sharing scheme to manage keys. The user's private key is divided into three parts, and as long as two parts can be accessed, the private key can be restored.

Wallet 3

Wallet 3 is an open-source non-custodial Wallet that can connect to DeFi applications via the WalletConnect protocol. When users access a DeFi application that supports WalletConnect, they only need to copy the connection URI, and if Wallet 3 is open and the manual connection feature is enabled, it will automatically connect to the application.

The features of Wallet 3 include quick account switching, cross-chain transfers, and direct interaction with some mainstream DeFi protocols (such as Aave and Yearn) within the wallet. Additionally, it provides users with a portfolio dashboard that supports multiple networks such as Ethereum, BSC, Polygon, Avalanche, and Fantom.

These alternative wallets each have their own features, providing users with more choices and helping to enhance the Decentralized Finance experience and security. As the Web3 ecosystem continues to develop, we can expect to see more innovative wallet solutions emerge.