5 Alternatives to MetaMask for Accessing DeFi Web3 Wallets

With the rapid development of the Web3 field, more and more alternative wallets are appearing on the market, providing users with more choices. This article will introduce 5 Web3 wallets that can replace MetaMask, all of which can be used to interact with DeFi applications on Ethereum and other blockchains.

MetaMask, as one of the most popular Web3 wallets, has millions of users. Its main advantages are ease of use, open-source nature, and good integration with most DeFi protocols. However, MetaMask also has some shortcomings:

1. The private key is stored in the browser, which is less secure than a hardware Wallet.
2. By default, connect to the Ethereum blockchain through Infura. If Infura fails, users need to manually configure a new node.
3. The content will not be parsed at the time of transaction confirmation, which may be difficult for non-technical users to understand what they are actually signing.

Next, we will detail 5 alternatives to MetaMask, these wallets can help users interact with Decentralized Finance applications across multiple blockchains.

Frame

Frame is an Ethereum Wallet that focuses on privacy protection, supporting MacOS, Windows, and Linux systems. It allows users to manage all accounts, tokens, and projects while connecting to any decentralized application (dApp). One of Frame's main features is storing private keys outside the browser, enhancing security. Additionally, it supports mainstream hardware wallets.

After users download and install Frame, they can transact on any EVM-compatible blockchain through the browser extension, such as Ethereum, Optimism, Arbitrum, Polygon, and xDai.

Rabby

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

To enhance security, Rabby will parse the transaction content when confirming a transaction and clearly display the specific operations and estimated balance changes in a pop-up window. For example, when purchasing the Bankless DeFi Innovation Index ($GMI) on the Token Sets platform, users can clearly see the transaction details and the estimated balance changes.

In addition, Rabby has introduced a security engine that checks for risks before each transaction is signed by the user, helping to identify potential security risks. If there are any potential vulnerabilities in the transaction, the wallet will issue a warning.

XDEFI Wallet

XDEFI Wallet is a cross-chain browser extension that natively supports THORChain, Ethereum, and multiple EVM-compatible networks (such as BNB Chain and Polygon) and Terra. Users can perform cross-chain transactions directly within the wallet, leveraging THORChain technology to achieve cross-chain operations without centralized intermediaries, custodians, or wrapped assets.

The XDEFI Wallet also integrates Ramp services, allowing users to purchase cryptocurrencies directly with fiat currency. However, it should be noted that the XDEFI Wallet is not yet open source. It is reported that the wallet plans to support more blockchains in the future, including Avalanche, Cosmos, Fantom, and Solana.

Web3Auth

Web3Auth (formerly known as Torus) is an open-source browser extension that allows users to log in with their Google account for authentication with dApps, exchanges, or blockchains. Users can log in to the wallet in their browser automatically with just one click using their Google account, without the need to remember complex mnemonic phrases.

Web3Auth uses threshold signatures and a distributed key generation network to automatically create an account when the user first authenticates. It combines the security of self-custody with ease of use, and is a fork of MetaMask that integrates tKey technology and utilizes Shamir's secret sharing mechanism for key management. The user's private key is divided into three parts, and as long as two parts are accessible, the private key can be recovered.

Wallet 3

Wallet 3 is an open-source non-custodial wallet that connects to DeFi applications via the WalletConnect protocol. When users visit a DeFi application that supports WalletConnect, they simply need to copy the connection URI, and if Wallet 3 is open and manual connection 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 top DeFi protocols such as Aave and Yearn within the wallet. Additionally, it offers users a portfolio dashboard that supports multiple networks including Ethereum, BNB Chain, Polygon, Avalanche, and Fantom.

These alternatives to MetaMask offer users more options, each with its own features and advantages. Users can choose the Web3 wallet that best suits their needs and preferences, allowing them to participate in the DeFi ecosystem more securely and conveniently.