The Best DeFi Wallets Compared: MetaMask, Phantom, and RobinHood

BkTe...nt76
3 Jul 2025
51

In the fast-paced world of crypto, wallets are evolving at breakneck speed, becoming more powerful, user-friendly, and feature-rich than ever before. What was once a simple tool for storing digital assets has now become the gateway to decentralized finance, NFTs, and cross-chain ecosystems. As we enter 2025, the competition among wallet providers is heating up like never before.



MetaMask is doubling down on its multi-chain capabilities, making it easier for users to navigate Ethereum, Layer 2s, and beyond. Phantom, once synonymous with Solana, is now stepping into new territory with multi-chain support, signaling its ambition to become a universal Web3 wallet. Meanwhile, Robinhood has made a bold move by launching a truly self-custodial mobile wallet—bridging the gap between mainstream simplicity and crypto-native control.

Welcome to the wallet wars of 2025. In this blog, we’ll break down how the top contenders stack up today—comparing security, usability, supported chains, DeFi integration, and more—to help you choose the best option for your crypto journey.



🔄 Chain Support Deep Dive


🔹 MetaMask

MetaMask now supports Ethereum and over 100 EVM-compatible chains. In May 2025, it officially launched Solana support on its browser extension, allowing users to:

  • Create/import Solana accounts
  • Transact with SOL and SPL tokens
  • Use Solana dApps alongside EVM ones

Bitcoin support is expected in Q3 2025, completing its move toward full multi-chain compatibility. Users can also connect to almost any EVM chain via custom RPC or Chainlist.

🔹 Phantom

Originally built for Solana, Phantom has grown into a true multi-chain wallet:

  • Live support for Solana, Ethereum, Polygon, Base, Sui, and Bitcoin (including Ordinals and BRC-20)
  • Cross-chain swaps powered by Li.Fi and Jupiter
  • Built-in testnet for Monad (for feature testing)

Phantom balances simplicity and power, making it a leading option for multi-chain users.

🔹 Robinhood Web3 Wallet

Robinhood’s new non-custodial wallet is mobile-first and user-centric:

  • Supports Ethereum, Solana, Bitcoin, Dogecoin, Arbitrum, Optimism, Polygon, and Base
  • Covers gas fees on many swaps (via liquidity partners)
  • Easy seed backup, biometric login, and fiat on-ramp

While dApp support is emerging, it’s already a strong pick for casual and mobile-first users.



⚖️ Feature Comparison


User Experience & Design

  • Robinhood and Phantom lead with clean, beginner-friendly UI.
  • MetaMask remains a favorite among advanced users and developers.


Security & Custody

All three are non-custodial:

  • MetaMask and Phantom support hardware wallets.
  • Robinhood focuses on secure mobile storage (PIN, biometrics, encrypted backups).


NFTs

  • Phantom is best for both SPL and ERC NFTs, including Ordinals.
  • MetaMask supports ERC NFTs and is adding Solana NFT capabilities.
  • Robinhood supports NFT viewing and receiving; full NFT tools still maturing.


dApps & DeFi

  • MetaMask has the broadest dApp support (EVM + Solana).
  • Phantom excels on Solana and now supports Ethereum, Base, and Sui dApps.
  • Robinhood allows in-wallet swaps and some dApp connections but is still catching up.


Fees

  • MetaMask and Phantom users pay gas directly.
  • Robinhood covers network fees for some transactions, lowering barriers for new users.




More Wallets

  • SOLFLARE — Solana Dedicated Wallet
  • For XRP enthusiasts, Xumm WalletEthos Wallet is purpose-built for the Sui blockchain
  • fWallet is Fantom‘s native wallet
  • Core Wallet, developed by Ava Labs, is the ultimate choice for Avalanche, Ethereum and Bitcoin users.
  • TronLink Wallet is the go-to software wallet for the Tron ecosystem
  • TonKeeper — Built for TONCOIN Transactions and DeFi


🔍 Final Verdict

Each wallet has grown far beyond its origins.

  • MetaMask is best for power users navigating DeFi across Ethereum and EVM, now including Solana.
  • Phantom delivers simplicity and high functionality across Solana, Ethereum, Bitcoin, and more.
  • Robinhood Wallet is ideal for newcomers, offering seamless mobile UX and no gas fees on many swaps.

As of mid-2025, you can’t go wrong with any of these—choose based on your priorities: deep DeFi, Solana dApps, or mobile simplicity.



🔁 Getting Started with DeFi Trading

DeFi (Decentralized Finance) enables peer-to-peer trading without intermediaries. Whether you're chasing high-yield opportunities or just want to swap tokens privately, DeFi offers unmatched flexibility.

1. Use a DEX (Decentralized Exchange)


To start trading:

  • Choose a wallet: MetaMask or Phantom are ideal for accessing decentralized apps (dApps).
  • Pick a DEX:


  • ASTERDEX: Decentralized Perpetuals SOL ETH BASE BSC
    • DBOTDEX: SOL/ETH/BASE/BSC/TRON
    • AXIOM: Solana . Trade, Perps, Yield
    • SLINGSHOT: Sol/Eth/Base/Arb/BNB/Canto/Op/Poly
    • PADRE: SOL/ETH/BASE/BSC/TRON
    • MOONSHOT : Mobile App, Memecoin Trading
    • SPHYNX LABS: MultiChain DEX 17 Chains
    • UNIBOT: ETH SOL ARB BSC  
    • APEX: MultiChain Perps
    • STABBLE: Solana's first frictionless liquidity and trading layer


  • Fund your wallet: Buy crypto on a centralized exchange (like Coinbase or Binance) and send it to your wallet, or bridge assets between chains using tools like Stargate, Wormhole, or Portal.


  • Connect your wallet: Visit the DEX website and authorize wallet access.


  • Swap tokens: Select the pair (e.g., ETH → USDC), confirm slippage, and approve the trade.


  • Track performance: Use tools like DeBank, Zapper, or Zerion to monitor positions.


Pro tips:

  • Avoid high Ethereum gas fees by trading on Layer 2s like Arbitrum or Optimism.
  • Use limit orders (via platforms like 1inch or CowSwap) for better execution.




2. Explore Telegram Trading Bots

Telegram trading bots offer lightning-fast token access, especially for small-cap and stealth launches:


  • Setup:
    1. Start the bot on Telegram
    2. Create or import a wallet (use a burner wallet!)
    3. Fund it with native gas token (ETH, SOL, etc.)
    4. Use commands like /buy, /sell, /watch to trade


  • Key features:
    • MEV-resistant sniping
    • Auto-sell based on take-profit or stop-loss
    • Anti-rug checks, token safety analysis
    • Multi-wallet management and referral rewards


⚠️ Safety Tips

  • Never use your main wallet with Telegram bots
  • Avoid bots asking for seed phrases or full wallet control
  • Check reviews and Twitter communities before trusting a bot


As you step into the world of DeFi trading, the key is understanding the tools at your disposal and the risks involved. With the right wallet and a bit of research, you can access a borderless financial system that puts you in full control. Whether you're a seasoned trader or a curious newcomer, DeFi opens the door to a new era of permissionless, user-driven finance.

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