Five Alternatives to MetaMask Web3 Wallets

With the rapid development of the Web3 field, more and more users are starting to look for alternatives to MetaMask. Although MetaMask remains one of the most popular Web3 wallets on Ethereum and other blockchains, it also has some limitations. This article will introduce five Web3 wallets that can serve as alternatives to MetaMask, which can be used to interact with DeFi applications across multiple blockchains.

Frame

Frame is an Ethereum wallet that focuses on privacy protection and runs on MacOS, Windows, and Linux systems. It allows users to manage all accounts, tokens, and projects while supporting connections to any dApp. One of Frame's major advantages is that it stores private keys outside the browser, enhancing security. Additionally, it supports various mainstream hardware Wallets.

Users only need to download and install Frame to trade on various EVM-compatible chains through the browser extension, including Ethereum, Optimism, Arbitrum, Polygon, and xDai.

Rabby

Rabby is an open-source Web3 wallet developed by DeBank, a DeFi portfolio tracking tool. Its feature lies in the ability to automatically switch to the corresponding blockchain network based on the websites visited by the user, providing a convenient multi-chain experience.

To enhance security, Rabby will provide a detailed analysis of the transaction content during transaction confirmation. 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), the wallet interface will display the transaction details and the expected fund changes.

In addition, Rabby has also integrated a security check feature. Each transaction will be checked by the security engine before the user signs, helping to identify potential risks. If the transaction is safe, a prompt saying "No risks found" will be displayed at the bottom of the interface.

XDEFI Wallet

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

XDEFI also integrates Ramp services, allowing users to purchase cryptocurrencies directly with fiat currencies. However, this wallet has not yet been open-sourced, which is a potential drawback. It is reported that more blockchain networks such as Avalanche, Cosmos, Fantom, and Solana will be supported in the first quarter of 2022.

Web3Auth

Web3Auth (formerly known as Torus) is an open-source browser extension that allows users to authenticate using their Google account and interact with dApps, exchanges, or blockchains. Users can log in to their Google account with a single click and automatically access the built-in Wallet in the browser, without the need to remember complex mnemonic phrases.

When users authenticate for the first time, Web3Auth automatically creates an account using threshold signatures and distributed key generation networks. This approach combines the security of self-custody with a convenient user experience.

Web3Auth is a branch of MetaMask that integrates tKey technology and uses the Shamir key sharing scheme to manage keys. The user's private key is divided into three parts, and as long as two of the parts can be accessed, the complete private key can be restored.

Wallet 3

Wallet 3 is an open-source non-custodial Wallet that connects to DeFi applications via the WalletConnect protocol. When users access DeFi apps that support WalletConnect, such as Perpetual Protocol, they can simply 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 that users can quickly switch accounts, conduct cross-chain transfers, and interact directly within the wallet with top DeFi protocols like Aave and Yearn. Additionally, it provides users with a portfolio dashboard that supports multiple networks including Ethereum, Binance Smart Chain, Polygon, Avalanche, and Fantom.

These MetaMask alternatives each have their own features, providing users with more choices to meet different needs and preferences. As the Web3 ecosystem continues to evolve, we can expect to see more innovative Wallet solutions emerge.