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5 Major MetaMask Alternatives: New Choices for Decentralized Finance Access
5 DeFi Access Tools Other Than MetaMask
In the field of Decentralized Finance, MetaMask, as a mainstream Web3 wallet for interacting with dapps on Ethereum and other blockchains, has millions of users worldwide. However, with the development of the industry, more and more alternative Web3 wallet options have emerged. This article will introduce 5 alternatives to MetaMask that can be used for cross-chain DeFi interactions.
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 major advantages is storing private keys outside of the browser, which enhances security. Additionally, it supports multiple mainstream hardware wallets.
Users only need to download and install Frame to seamlessly trade on various EVM-compatible chains such as Ethereum, Optimism, Arbitrum, Polygon, and xDai through the browser extension.
Rabby
Rabby is an open-source Web3 wallet developed by DeBank, a DeFi portfolio tracking tool. It automatically switches to the corresponding blockchain based on the websites accessed by the user, providing a seamless multi-chain experience.
In order to enhance security, Rabby will parse the transaction details in the transaction confirmation popup. When users confirm the transaction, the wallet will clearly explain the purpose of the transaction and display the estimated balance change.
In addition, if there are potential vulnerabilities in the transaction, Rabby will also issue a warning. Each transaction will be checked by a security engine to help users identify possible risks.
XDEFI Wallet
XDEFI Wallet is a cross-chain browser extension that natively integrates EVM networks such as THORChain, Ethereum, BSC, Polygon, and Terra. Users can perform cross-chain transactions directly within the wallet, utilizing THORChain to achieve decentralized, non-custodial asset swaps.
XDEFI also supports purchasing cryptocurrencies directly with fiat through Ramp. However, the wallet has not yet been open-sourced, which is a major drawback. It is reported that XDEFI plans to support more blockchains such as 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 dApps, exchanges, or blockchains through their Google account. Users can log in to their Google account with a single click and automatically access the built-in wallet in the browser without needing to remember a seed phrase.
Web3Auth uses threshold signatures and distributed key generation to automatically create accounts on the network during the first authentication, balancing the security of self-custody with ease of use. It employs the Shamir secret sharing mechanism, splitting the private key into three parts for storage, and the private key can be recovered as long as two of the parts can be accessed.
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, they just need to copy the WalletConnect URI, and if Wallet 3 is open and manual connection is enabled, it will automatically connect to the application.
Wallet 3's standout features include quick account switching, cross-chain transfers, and direct interaction with top Decentralized Finance protocols like Aave and Yearn. Additionally, it provides users with a portfolio dashboard and supports multiple networks such as Ethereum, BSC, Polygon, Avalanche, and Fantom.
Overall, these MetaMask alternatives each have their own characteristics, providing users with more choices. As the Web3 and Decentralized Finance ecosystem continues to evolve, more innovative wallet solutions may emerge in the future.