5 Major Alternatives to MetaMask: A New Choice for Web3 Wallets

The Web3 space is rapidly evolving. In addition to the popular MetaMask, several alternative Web3 wallet options have emerged. This article will introduce 5 excellent alternatives to MetaMask that can be used to interact with decentralized applications (DApps) on Ethereum and other blockchains.

Although MetaMask has won a large number of users due to its simplicity, open-source nature, and extensive integration, it also has some shortcomings:

• The private key is stored in the browser, and its security is not as good as that of a hardware wallet.
• Connect to Ethereum via Infura by default; any issues with Infura may lead to connection interruptions.
• The lack of content parsing during transaction confirmation may make it difficult for non-technical users to understand the specific operations.

Let's take a look at 5 MetaMask alternative wallets worth noting:

Frame

Frame is a privacy-focused Ethereum wallet that runs on MacOS, Windows, and Linux systems. It allows users to manage all accounts, tokens, and projects while supporting connections to various DApps. One of Frame's standout features is storing private keys outside of the browser, and it also supports mainstream hardware wallets.

Users only need to download the Wallet to seamlessly trade on EVM-compatible chains such as Ethereum, Optimism, Arbitrum, Polygon, and xDai through a browser extension.

Rabby

Rabby is an open-source Web3 wallet developed by DeBank, a DeFi portfolio tracking tool. It can automatically switch to the corresponding blockchain network based on the websites users visit, providing a convenient multi-chain experience.

To enhance security, Rabby will parse the transaction details in the signature confirmation window. When confirming a transaction, the Wallet will clearly state the purpose of the transaction and display the estimated balance change.

In addition, if there are potential vulnerabilities in the transaction, Rabby will issue a warning. Each transaction will be checked by the security engine before the user signs, helping to identify possible risks.

XDEFI Wallet

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

This Wallet also supports purchasing cryptocurrencies directly with fiat currency through Ramp. However, the XDEFI has not been open-sourced yet, which is a drawback. It is reported that more blockchains 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 to access DApps, exchanges, or blockchain.

Users can log in with their Google account with one click, automatically accessing the built-in Wallet in the browser without the need to remember the mnemonic phrase. During the first authentication, Web3Auth will automatically create an account using threshold signatures and distributed key generation networks, balancing the security of self-custody with ease of use.

Web3Auth is a branch of MetaMask that integrates tKey technology, using Shamir's Secret Sharing algorithm for key management, dividing the private key into three parts. As long as users can access two of those parts, they can recover the private key.

Wallet 3

Wallet 3 is an open-source non-custodial wallet that connects to DeFi applications via the WalletConnect protocol. When accessing DeFi applications, users simply need to copy the WalletConnect URI, and if Wallet 3 is open and manual connection is enabled, it will automatically connect to the application.

A major feature of Wallet 3 is its support for quick account switching and cross-chain transfers, enabling direct interaction with top DeFi protocols such as Aave and Yearn within the wallet. Additionally, it provides users with a portfolio dashboard and supports multiple networks including Ethereum, BSC, Polygon, Avalanche, and Fantom.

These emerging Web3 wallets provide users with more options, helping to enhance the accessibility and user experience of DeFi. As the Web3 ecosystem continues to evolve, we have reason to expect more innovative wallet solutions will emerge in the future.