5 Alternatives to MetaMask for Accessing DeFi Web3 Wallets

With the rapid development of Web3 technology, more and more alternative wallets are appearing on the market, providing users with more options. This article will introduce 5 Web3 wallets that can replace MetaMask, all of which support interaction with DeFi applications across multiple blockchains.

Frame

Frame is an Ethereum wallet that focuses on privacy protection, and it can run on MacOS, Windows, and Linux systems. It allows users to manage all accounts, tokens, and projects while supporting connections to various decentralized applications. One of Frame's main features is that it stores private keys outside the browser, enhancing security. In addition, it supports multiple mainstream hardware Wallets.

Users only need to download the Frame Wallet and install the browser extension to conduct seamless transactions on EVM-compatible chains such as Ethereum, Optimism, Arbitrum, Polygon, and xDai.

Rabby

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

To enhance security, Rabby will analyze the transaction content when confirming transactions. Users can clearly see the specific operations of the transaction and the estimated balance changes. For example, when purchasing the Bankless DeFi Innovation Index ($GMI) on the Token Sets platform, the wallet will display detailed transaction information.

Another highlight is that Rabby integrates a security engine that can perform risk checks on each transaction before the user signs, helping to identify potential security hazards.

XDEFI Wallet

XDEFI is a cross-chain Wallet extension that natively integrates THORChain, Ethereum, BSC, Polygon and other EVM networks as well as the Terra ecosystem. Users can conduct cross-chain transactions directly within the Wallet without the need for centralized intermediaries or wrapped assets.

XDEFI also supports purchasing cryptocurrencies directly with fiat through Ramp. However, it is important to note that this wallet is currently not open source. It is reported that XDEFI plans to support more blockchains like Avalanche, Cosmos, Fantom, and Solana in the first quarter of 2022.

Web3Auth

Web3Auth (formerly known as Torus) is an open-source browser extension that allows users to authenticate their identity with decentralized applications, exchanges, or blockchains using their Google account. Users can log in to their Google account with just one click and automatically access their wallet in the browser without the need to remember seed phrases.

Web3Auth combines the security of self-custody with ease of use. It uses threshold signatures and a distributed key generation network to create accounts. Through Shamir's secret sharing technique, Web3Auth splits the user's private key into three parts, and as long as two of those parts are accessible, the complete 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 DeFi applications that support WalletConnect, they simply 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.

A prominent feature of Wallet 3 is its support for quick account switching and cross-chain transfers, allowing direct interaction with top DeFi protocols like 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 provide users with a more diverse range of choices, each with its unique advantages. Users can choose the most suitable Web3 wallet to participate in the Decentralized Finance ecosystem based on their own needs.