Discover how USDY, a yield-bearing stablecoin from Ondo Finance, offers secure, regulated returns backed by US Treasuries across multiple blockchains.

, which are crypto assets pegged to a major fiat asset, have gained tremendous popularity and are helping investors deal with the typical volatility of the market. For many years, stablecoin cryptocurrencies have been used for payments, principal value storage, B2B transactions and more. However, traditional stablecoins have always lacked the ability to generate yield. These assets are fixed at a certain rate (e.g., $1) and, due to inflation, they don’t protect against your funds’ value erosion. 

 have started to gain traction over the past several years. These "new generation" stablecoins, unlike their traditional counterparts, not only provide rate stability but also generate yields, growing your investment over time. One of the leading assets among yield-bearing stablecoins is US Dollar Yield (USDY), issued by Ondo USDY LLC, part of 

Backed by low-risk traditional finance (TradFi) reserves, USDY generates yields and is a fully composable asset that can be used throughout the DeFi ecosystems of multiple blockchains. The reserves and issuance of the stablecoin are also subject to high regulatory controls. In the world of yield-bearing stablecoins, USDY is among the top choices in terms of popularity, regulation and security.

What is the Ondo US Dollar Yield (USDY) Token?

 (USDY) is a yield-bearing stablecoin offered by Ondo USDY LLC, part of the Ondo Finance DeFi solutions provider. 

USDY’s value tracks that of the US dollar, and it’s backed by Treasury bills and demand deposit reserves. The coin issuer’s parent company, Ondo Finance, specializes in institutional-grade crypto solutions. Ondo aims to make on-chain institutional-grade finance tools and infrastructure accessible to anyone.

USDY was launched in August 2023. As of April 2025, the stablecoin has become available on 

 — a level of multichain coverage that few other stablecoins can match.

While USDY’s price tracks the US dollar’s, its rate is typically somewhat higher than $1 because yields earned by each unit of the stablecoin are added to it, increasing its nominal value.

 (RWAs), primarily Treasury bills, although some portion of the reserves may also be represented by bank demand deposits. Both of these financial asset types are considered cash equivalents.

To ensure the Ondo ecosystem's security, Ondo backs each $100 equivalent of USDY with reserves worth $104, maintaining a 4% overcollateralization rate at all times.

Ondo Finance takes the transparency of USDY seriously. The company has established a bankruptcy-remote mechanism, with a separate corporate entity controlling the issuance and oversight of the stablecoin in various ways, including a board of directors with an independent director, and segregation of assets and reporting from Ondo.

USDY is a fully composable asset that can be used in the DeFi ecosystems of its host blockchains for various purposes, such as collateral, 

USDY provides several significant benefits for its holders. First, it allows eligible individual and institutional investors to earn dollar-denominated yield. This is in contrast to traditional stablecoins, which provide no yield opportunities at all. While other yield-bearing stablecoins also generate returns for holders, some of these pay the yields in volatile cryptocurrencies, rather than high-quality assets.

Thanks to its dollar peg, USDY offers both yield and relative stability. Additionally, it’s fully composable, creating opportunities for use across various DeFi protocols. USDY is available on seven blockchains, providing access to more DeFi opportunities than most yield-bearing stablecoins.

The coin may also be used for passive holding, growing in value over time as yields accrue. In this capacity, USDY represents a good low-risk, on-chain investment opportunity.

Finally, USDY’s overcollateralization and backing by high-quality TradFi assets, Treasury bills and demand deposits make it one of the most secure yield-bearing stablecoins on the market.

How does Ondo US Dollar Yield (USDY) work?

Individuals and institutional entities need to undergo an onboarding process to acquire USDY, during which they submit relevant identity, legal and tax documents. Ondo diligently applies 

 (AML) checks in order to adhere to US securities laws, the Investment Company Act of 1940 and other relevant regulations.

US and UK residents cannot apply to buy USDY, although you may be eligible if you’re a US or UK citizen and reside abroad.

If your application is approved, you can be issued USDY 40 to 50 days after your initial deposit date, although you’ll start earning yield from the first day of your investment. The minimum amount for investment or redemption is $500. You can buy USDY from Ondo using the 

 stablecoin. US dollar wire transfers are also supported for amounts over $100,000.

Redemptions are only transferred in US dollars to bank accounts outside the US. You can redeem your USDY investment at any time, and the typical timeline to receive your funds is about 2–3 business days from the date of your request.

USDY accrues yield daily. The stablecoin’s yields are structured not to incur any US federal tax obligations. Ondo doesn’t charge any performance or management fees for USDY yields. However, the company earns income from a portion of yields generated by the underlying assets backing USDY.

As noted earlier, USDY’s yields accrue to each unit of the token. Therefore, the value of one USDY is usually above $1. For instance, the average value of USDY as of the time of this writing (Apr 30, 2025) is $1.11.

For investors who prefer a fixed $1 rate for the stablecoin, Ondo offers the rebasing version, called rUSDY. Yields for rUSDY are paid to your wallet in the form of additional tokens by increasing the supply of the crypto, while the principal remains at (or very close to) $1. This is known as rebasing. USDY and rUSDY are freely convertible between each other.

The rebased version of the coin might be useful to those who need to ensure rate stability (for example, for B2B payments of agreed-upon contractual amounts) while also earning yields from their investments.

 as a swap pair with the USDT stablecoin.

USDY boasts numerous benefits for investors — low-risk yields from high-quality traditional assets, wide multichain coverage, regulatory compliance, transparency, composability and rate stability. The combination of all these benefits is quite rare in the crypto market, and the investor community is definitely taking note: USDY is already the third-highest-ranked yield-bearing stablecoin by market cap as of late April 2025. 

Since the yield-bearing stablecoin niche is expanding, the advantages of the USDY are likely to attract further interest, both among the institutional crowd and with individuals keen to access high-quality, institutional-grade crypto products.

Intermediate

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What is Ondo US Dollar Yield (USDY) and how does it work?

Discover the 7 top Sui meme coins in 2025, from MIU to HIPPO, as they gain traction with fast growth, strong communities, and unique use cases.

 blockchains, have continued to rally as investors make bold moves with renewed risk appetites. As a 

 blockchain, Sui has continued to attract crypto enthusiasts — especially meme coin lovers, who appreciate the platform's speed and affordability.

Recent surges in trading volumes and market caps of SUI meme coins — such as MIU, LOFI and BLUB — highlight growing investor interest. For instance, BLUB experienced an 88% increase in just 24 hours from Apr 22–23, 2025, contributing to the broader rally of SUI as its price surged over 63% in April 2025.

These coins often incorporate unique themes and philanthropic efforts, such as HIPPO's wildlife conservation donations, that foster strong community support.

Let's look at the top Sui meme coins making waves in the crypto market.

​Sui-based meme coins are rapidly gaining traction due to a combination of technological advantages and vibrant community engagement. The 

 parallel transaction execution and unique gas pricing mechanism enable ultrafast transaction speeds and minimal fees. This makes Sui an ideal platform for the high-volume, speculative trading that meme coins often entail. Sui’s scalability and secure Move programming language attract developers seeking efficient and safe environments for launching their new tokens.​

 (DeFi) further supports meme coin growth, providing avenues for increased utility beyond mere speculation. Following are the top ​Sui meme coins based on market cap, as of Apr 30, 2025.

 is currently the leading ​Sui-based “cat meme coin,” with a market cap of $70.6 million. It draws in investors with its fun, energetic branding and community-driven spirit. MIU also features expanded utility beyond its cute cat hype, allowing users to access DeFi and 

 (NFT) opportunities on its platform. It also promotes long-term commitment via its 

 process, as stakers can earn up to 15% APR with 12 months of staking.

The project frequently launches community events and contests, strengthening its dedicated holder base. MIU’s success highlights the growing appetite for meme tokens on scalable blockchains like Sui. Its playful appeal and strong tokenomics have positioned it at the top of the ​Sui meme sector. MIU is a 

 coin: its total supply is 9 trillion tokens, of which 55% are dedicated to a 

, 15% allocated to staking rewards, 15% to ecosystem development, 10% to community and 5% reserved for the team.

MIU continues to ride the wave of growing meme adoption, aiming to become a lasting force within the Sui ecosystem and beyond.

With a market cap of $35.86 million and over 50 million app users, 

 (MEMEFI) is an ambitious Telegram project that blends the world of memes with SocialFi utilities. Unlike typical meme coins that rely solely on hype, MemeFi aims to engage Telegram users with an interactive web3 meme-themed clicker game that offers daily giveaways and incentivizes ad creations for enterprises.

Its native token, MEMEFI, is more than just a mere meme coin, and has use cases for 

You can trade MEMEFI on Bybit’s Spot trading platform (

 is a rising ​Sui meme coin known for its chill "lofi vibes" branding that resonates with a younger, internet-native audience. Beyond its fun appearance, LOFI has demonstrated solid growth by tapping into communities through music, lifestyle and crypto.

The project also ties in eco-conscious initiatives, focusing on providing clean water sources for global communities and addressing the impact of ocean waste and plastic on marine health, giving it a mission-driven angle not typically seen in meme coins. Besides direct donating, minting LOFI Mystic Yetis NFTs also helps contribute to the cause, with 20% of the proceeds going to the LOFI Foundation.

Lofi’s accessible vibe and shrewd marketing strategy continue to attract new supporters, helping LOFI to stand out in the increasingly crowded ​Sui meme scene. 

 (commonly known as HIPPO) is a community favorite in the ​Sui meme world. The HIPPO token mixes humor with philanthropy, donating a portion of its revenues to wildlife conservation initiatives, starting with Thailand’s Khao Kheow Open Zoo that houses Moo Deng, the adorable pygmy hippopotamus that inspired this viral meme coin. This feel-good approach has helped build an extremely loyal community around the HIPPO token.

Sudeng’s dual focus on memes and real-world impact gives it staying power. The project’s growing community engagement ensures that HIPPO remains relevant in a fast-moving crypto space.

You can buy HIPPO as a USDT Perpetual contract on Bybit (

 is making waves in the ​Sui meme coin ecosystem with its aquatic-themed branding and integration of meme culture. Known for its friendly, community-first approach, BLUB frequently hosts giveaways, meme competitions and liquidity incentives to maximize engagement.

The coin’s fun branding and its steady increase in active users have helped BLUB climb the ranks quickly. Its strong online presence and viral meme campaigns have attracted crypto enthusiasts who are looking for the next breakout meme project. As it continues building partnerships and expanding its reach, BLUB demonstrates strong potential to become a staple in the Sui meme scene.

 (TOILET) is a rising meme coin on ​Sui that embraces humor and absurdity in a way that resonates with crypto culture. Its branding focuses on being intentionally ridiculous, tapping into the viral tone of meme coins that don't take themselves too seriously.

The project’s organic, community-driven growth has made it one of the most talked-about newer entrants in the ​Sui meme space. Frequent meme contests, community raids and spontaneous airdrops help fuel engagement. One of its biggest events is the distribution of Toilet Club Alpha Pass NFTs to the top 100 TOILET holders (as indicated by the Apr 21, 2025 screenshot), which gives holders access to all of Toilet Dust's projects and events and the right to vote on Toilet Dust's future development.

Despite its humorous façade, TOILET’s strong holder base and active marketing tactics suggest it may remain relevant as Sui’s meme coin ecosystem continues to expand.

 (FUD), another top project in the ​Sui meme coin category, is built around an adorable pug mascot battling FUD (fear, uncertainty and doubt) in the crypto world. With a humorous tone and clever marketing, FUD has built a vibrant community of holders who embrace both its memes and its mission.

FUD leverages trending memes, contests and airdrop rewards to keep its community marketing fresh and viral, helping it steadily grow in popularity. Its deep integration of ​Sui apps like 

 — as well as its deflationary tokenomics, whereby 20% is dedicated to token burning — makes FUD a strong contender for future growth in the meme space.

Buying ​Sui meme coins on Bybit can be exciting. Nevertheless, it's important to recognize the risks and rewards involved. 

, and their prices can swing wildly and quickly, offering chances for sizeable gains as well as sudden losses.

Always approach these investments with caution, never risking more than you can afford to lose. That said, the fast-growing ​Sui ecosystem and meme culture can create rewarding opportunities for traders who stay informed and manage their risk properly.

Currently, you can buy MEMEFI as a Spot pair and Perpetual contract on Bybit. HIPPO is also available as a Perpetual contract. This gives traders the flexibility to choose the type of exposure they want — simple buying and holding with Spot, or leveraged trading with Perpetual contracts.

Spot trading is the most straightforward way to buy ​Sui meme coins, as you directly purchase the coin and own it outright. On Bybit, the process is simple. After choosing the Spot pair, such as MEMEFI/USDT, select your preferred order type — e.g., 

(you set the price you're willing to pay) — and confirm the trade to make your purchase.

Spot trading is ideal for beginning traders, as well as anyone who prefers a more straightforward, lower-risk approach as compared to 

Buying Sui meme coins as Perpetual contracts

Bybit offers MEMEFI and HIPPO as USDT Perpetual contracts for those seeking more advanced trading options. With Perpetual trading, you don’t own the actual coins; instead, you speculate on their price movement. Key points to understand include the following:

Perpetual contracts can offer significant rewards, but require a strong understanding of 

. Always start with lower leverage and practice solid trading discipline.

Whether you prefer the simplicity of Spot or the strategy of Perps, Bybit provides flexible ways to explore the booming ​Sui meme coin market.

The rapid rise of meme coins on the Sui blockchain highlights the power of community-driven projects when they’re paired with innovative technology. Thanks to Sui’s high-speed transactions, low fees and developer-friendly environment, Sui meme coins like MIU, LOFI and HIPPO have found a perfect ecosystem in which to thrive. Each project brings something unique to the table — whether humor, philanthropy, DeFi innovation or pure meme culture — creating a vibrant and diverse ​Sui meme coin landscape.

Beginner

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7 top Sui meme coins to pay attention to in 2025

Mastercard has partnered with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. 

Daily top performer — Drift Protocol (DRIFT)

The S&P 500 rose 0.58% for a sixth straight gain as markets await key inflation and GDP data, alongside earnings from Meta and Microsoft. Gold fell 0.60% to $3,323 as a stronger USD and improved risk appetite limited safe-haven demand. Prices remained range-bound, with key levels at $3,260 support and $3,400 resistance. The Coindesk Indices, which tracks the broader crypto market, rose 0.51%, with Bitcoin and Ether up 0.55% and 1.31%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DRIFT, which surged 28.7% following the introduction of Amplify, Drift's tool for simplified leverage that boosts yields with increased risk.

Drift Protocol (DRIFT), founded in 2021, is a decentralized exchange (DEX) on Solana offering spot trading, perpetuals, and market-making tools. Drift v2 builds on this by improving trading efficiency, security, and user-centric features, incorporating community feedback to enhance the platform. 

 by Drift automates leveraging strategies for higher yields by recursively borrowing against yield-generating assets. It simplifies the process, making leverage accessible with one click. However, risks such as liquidation, changing interest rates, and oracle failures exist. Amplify is designed for users with JLP or SOL LSTs seeking to boost yields with minimal complexity but comes with increased risk.

Check out the latest prices, charts, and data of 

 with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. The company aims to make it easier for both merchants and consumers to use stablecoins, promoting blockchain technology's mainstream adoption. Additionally, Mastercard has launched a crypto payments card with MetaMask, enabling self-custodied fund transactions with fast processing speeds. Stablecoin market growth is expected to reach $3.7 trillion by 2030.

Yesterday, Bitcoin spot ETFs saw $43.9 million in net outflows, all from non-GBTC funds, while GBTC recorded zero flows.

, a Layer-1 blockchain focused on AI agents and user-owned IP, is offering a limited-time free ticket to its Summit Series for the next 18 hours. Users can also join the Camp Points Program by completing simple tasks to earn points, which may qualify them for a future $CAMP token airdrop. A minimum of 30 points is required to be eligible. Daily check-ins earn bonus points. VPN use may be needed for access.

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Mastercard partners with Circle, Paxos, and Nuvei to enable stablecoin payments for 150 million merchants

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. 

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. A weakening dollar, combined with disappointing equity returns, has created a fertile environment for gold to thrive. With gold priced in dollars, any depreciation in the US currency enhances gold's relative value, attracting both domestic and international investors.

Year-to-date, gold has gained 26%, while the S&P 500 has declined by 11%. This inverse relationship underscores gold's role as a traditional 

 during periods of economic uncertainty and market volatility.

Adding to the bullish momentum, inflationary pressures are remaining persistent, further eroding the purchasing power of fiat currencies and boosting gold's appeal as a hedge against currency devaluation.

Geopolitical uncertainty and tariff risks

Trade policies under U.S. president Trump have reignited fears of global tariff wars. The uncertainty surrounding tariffs has prompted investors to seek refuge in gold, considered the "global currency" during times of economic disruption. Concerns about tariffs on key commodities, including gold itself, have added another layer of complexity to market dynamics.

Potential tariffs on gold could mirror the recent surge in copper prices, as supply constraints and increased demand drive costs higher. Exporters and importers, wary of volatile exchange rates, are increasingly opting to hold gold instead of more vulnerable currencies like the Canadian dollar (CAD), Japanese yen (JPY), euro (EUR), Chinese yuan (CNY) and Mexican peso (MXN).

By serving as a neutral reserve asset, gold provides much-needed stability amid shifting trade patterns and geopolitical tensions. As global commerce adapts to new tariff structures, the demand for gold as a "store of value" is likely to intensify.

Interestingly, the ongoing trade war dynamics suggest that for the first time in decades, gold may be emerging as the 

. As U.S. imports become more expensive due to tariffs, exporting countries earn less revenue and, consequently, reduce their investments in US Treasuries. This dynamic has led to selling pressure on Treasuries, weakening their traditional role as a safe-haven asset — and with Treasuries losing their appeal, investors are increasingly parking their capital in gold, reinforcing its unique position during this period of heightened trade tensions.

From a technical standpoint, gold's rally appears robust. The 

 (MACD) indicator remains positive, signaling that bullish momentum is intact. Notably, the 12-day moving average is above the 26-day moving average, confirming that short-term price action is outpacing longer-term trends.

 (RSI) stands at 60, indicating that while gold is nearing overbought territory, momentum hasn’t yet faded. This technical setup suggests that gold could continue its upward trajectory in the near term, especially if macroeconomic and geopolitical factors remain supportive.

The next upside technical target is pegged at $3,500, with analysts projecting a potential move toward $4,000 by year end if current momentum holds.

China's role in supporting gold prices cannot be overstated. Amid a deepening economic slowdown and strict capital controls, Chinese investors are increasingly turning to gold to preserve their wealth. With over 1.4 billion citizens seeking alternatives to a weakening yuan, demand for gold within China has surged.

This trend is reflective of a broader shift in emerging markets, whereby gold is viewed not just as an investment but as a critical safeguard against economic instability and currency depreciation. Intensifying Chinese demand provides an additional tailwind to global gold prices.

While gold commands the spotlight, silver presents an intriguing complementary opportunity. Historically correlated with gold, silver remains significantly below its ATH of $50, which was set in 2011. Given the momentum in precious metals, silver's relative undervaluation offers considerable upside potential for investors seeking diversification.

With industrial demand also supporting silver prices, silver could benefit from both safe-haven inflows and economic recovery scenarios, making it a compelling addition to a diversified precious metals portfolio.

In conclusion, gold's impressive surge to record highs is being driven by a combination of macroeconomic headwinds, geopolitical uncertainty and strong technical indicators. Trade policy risks, the weakening dollar and growing demand from China reinforce gold's role as a premier safe-haven asset.

Because technical momentum remains positive and investor sentiment strong, gold appears well positioned to continue its ascent toward the $3,500 mark by year end. Investors seeking to hedge against economic instability and currency volatility will likely find gold — and potentially silver — to be attractive additions to their portfolios in 2025.

Advanced

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Bybit x FxStreet Report: Gold could reach US$4,000 per ounce by 2025

Bybit Learn

web3

Web3 wallets are a form of digital storage for non-fungible tokens, cryptocurrencies and other digital assets. Discover the best web3 wallets in this article.

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As cryptocurrency and NFTs become more commonplace, reliable 

 are quickly becoming necessary. Both casual traders and long-term investors can benefit from having a reliable wallet to store their cryptocurrency and other digital assets. Some wallets even allow you to 

 your assets with the click of a button. Others allow you to quickly look at your portfolio, and make fast financial decisions. Whether you’re trying to find the best way to collect 

 collection or regularly trade crypto, this guide will help you learn about 18 of the best web3 wallets available.

Web3 wallets are a form of digital storage for non-fungible tokens, cryptocurrencies and other digital assets. Web3 wallets function similarly to a normal 

, however, they come with the added function of being able to interact with a variety of decentralized applications (

). In fact, some web3 wallets are specifically designed to interact with a single 

There are two different types of web3 wallets. 

 are a type of hardware wallet made to store your assets offline. Long-term investors who aren’t trading every day, or who want to keep a large portion of their assets secure, often use cold wallets. Because the wallet is offline most of the time, it’s less susceptible to scams and hackers.

Software wallets are known as hot wallets. They rely on various applications to function. Hot wallets are DApps that are always connected to the internet. You can usually access a hot wallet via an app on your smartphone, or on an internet browser. While this does make your assets slightly more vulnerable to hackers, it’s a practical choice for active traders. Hot wallets are also known for their simple interfaces, making them popular among beginning traders and investors.

When choosing a web3 wallet, you have lots of choices. Carefully consider your storage needs, then select which one has the features you like. It's not uncommon for users to have multiple wallets; just remember that each one has its own private key.

To access them easily, find a safe place where you can write down each key. Many people keep a physical record of their keys and respective balances in a notebook — like keeping a bank ledger. They then store the ledger, or notebook, in a fireproof safe.

A recent addition to the Bybit platform, 

 has quickly climbed its way to the top to become one of the best web3 wallets available. The exchange prides itself on its industrial-grade security and convenience. Users simply have to remember their login details when they want to access their Bybit Wallets, which gives them peace of mind. The secure crypto wallet also boasts one-click creation, making it very user-friendly. The Bybit Web3 Portal is where users can find background information on all the DApps compatible with the Bybit Wallet. They can also find guides and tips, which will come in handy as they navigate the web3 ecosystem. 

While the Bybit Wallet is a hot wallet, users can be assured their funds will be kept safe. Plus, if they ever find themselves being hacked, or if they forget their login information, they can always count on Bybit’s 24/7 live customer support for assistance. 

 is one of the most popular web3 wallets, and is frequently recommended for its ease of use. Unlike a few web3 wallets on this list, MetaMask is available on Google Play, the Apple App Store, Chrome, Firefox, Edge and Brave.

While the wallet’s service focuses on the 

 blockchain, it’s incredibly versatile and can easily access other blockchains. Gamers wanting to earn GameFi rewards can use MetaMask as a primary wallet. It’s also open-source with a strong development community behind it, so it has consistently added features and adapted to the needs of users. Although you’ll need to pay the Ethereum gas fee when making transactions, MetaMask is a free-to-use wallet. A note of caution: Beware of phony MetaMask sites, and never input your seed phrase before checking to see that the MetaMask site you’re on is authentic, or scammers can steal all of your funds.

 is well-known for its user-friendly online cryptocurrency trading platform. Coinbase Wallet is a crypto wallet that uses web3 technology. The 

 wallet is kept separate from the centralized platform, adding an extra layer of security. 

While the crypto wallet is already straightforward, Coinbase takes it a step further by enabling usernames. Rather than sending crypto assets to a long string of numbers and letters, you’ll have a username that matches your crypto wallet address. This helps to reduce human error when sending and receiving crypto assets, especially since blockchain transactions cannot be reversed. While Coinbase doesn’t charge a fee for using their crypto wallet, they do charge a 1% transaction fee.

 makes two hardware wallets — the Nano S Plus and the Nano X. Both are popular choices, since they support over 1,000 tokens. The wallets, which resemble a typical thumb drive, connect using a USB. Ledger also uses one of the most secure certification chips for added security. The Ledger Live app lets you access, buy and exchange your assets. The biggest difference between the Nano S Plus and the Nano X is that the latter is bluetooth compatible with the Ledger Live Mobile, while the former isn’t.

 is a fast-growing platform with an international base of over 50 million users. The DeFi wallet allows users to easily trade over 250 crypto assets and more than 20 fiat currencies. Users can also generate rewards for staking their crypto assets, making the platform popular among long-term investors.

 DeFi Wallet is the 0.3% transaction fee on top of any blockchain gas fees that apply to the transaction. 

 is a multi-asset mobile wallet built with security in mind. Besides supporting multiple assets and cryptocurrencies, the hot wallet enables users to easily transfer digital assets between blockchains. Trust Wallet also allows users to stake their digital assets to earn rewards and interest. For ease of use, the app clearly displays your crypto assets and NFTs.

The biggest downside of Trust Wallet is that it’s mobile only. Despite this, the mobile wallet is very user-friendly and doesn’t have a high learning curve as other hot web3 wallets do. The Trust Wallet website accurately tells users that they’ll be able to buy BTC within five minutes.

 is another hot crypto wallet that allows users to stake and exchange several different assets. The platform currently supports over 50 blockchains and more than 400 tokens. The web3 wallet also offers users rewards in its native token, GRD. It’s a great choice for new users because they can learn about different blockchain and DeFi applications on the app.

 supports only Ethereum tokens, but that hasn’t stopped it from making people’s lists of top software wallets. Designed to be the perfect introduction to DeFi, Argent offers a user-friendly experience. It easily integrates with several DApps, although the wallet is only accessible on iOS and Android.

To create a new Argent Wallet, you’ll need to pay network fees because each crypto wallet is a smart contract on the Ethereum blockchain. You’ll also pay network fees for transfers, adding a guardian, using WalletConnect, DeFi integrations, in-app token trading and wallet recovery. There are also exchange fees and Ethereum gas fees for exchanging crypto using the wallet.

If you’re looking for a browser-based wallet instead, consider the 

 on the StarkNet ecosystem. This browser extension works perfectly for both Google Chrome and Firefox. Do take note, however, that Argent Wallet and Argent X Wallet are 

, which means that you would not be able to recover your Argent X Wallet on the Argent Wallet mobile app, and vice versa.

is a web3 browser that enables users to quickly switch between wallets and tools. For example, social networks such as Discord, Twitter and Telegram can easily be accessed in the sidebar, saving you time while managing your assets. New crypto traders will be pleased with the Opera Crypto Browser features and multi-wallet management, while more experienced traders can benefit from the advanced features available on the server. Simply download, create a new wallet and write down the seed phrase. Then you can customize your web3 browsing experience.

, also called MEW, allows users to quickly and seamlessly interact with the Ethereum blockchain. The open-source wallet can be downloaded as a browser extension on both Android and iOS. You can also access MyEtherWallet directly on the web. While convenient for new users, MEW doesn't allow you to directly access your private keys. Instead, it uses multi-layer encryption to store your private keys on your device. However, you can recover your wallet with a seed phrase. Best of all, there are no fees for using the wallet — users pay only gas fees when transferring assets.

 puts your favorite DApps at your fingertips without the need for a seed phrase or private key. Instead, you create a simple username and password. Multi-factor authentication adds extra security, so you can feel safe while using this Ethereum-powered smart contract wallet. Like many of the other wallets mentioned on this list, Authereum doesn’t charge a transaction fee.

 is a noncustodial wallet that supports a wide range of DApps on the Ethereum blockchain. This software wallet works with both Android and iOS. It’s designed for users who collect NFTs, enabling them to easily access their collection. The Rainbow platform also allows for easy transactions between several ERC-20 tokens, and it has a limited list of pre-approved tokens that users can swap.

Rainbow Wallet is geared toward new users because it seamlessly integrates onto mobile devices. Users can back up their seed phrases and private keys for quick and easy account recovery. They can also back up their data and seed phrases regularly to improve security. For a mobile wallet, Rainbow’s a smart choice.

 is a crypto software wallet that enables users to effectively manage and exchange over 245 different cryptocurrencies. The multichain web3 wallet allows users to quickly buy crypto directly within the mobile app. A browser extension also allows for quick access to NFTs, DeFi apps and other digital assets.

As a desktop hot wallet, Exodus is practical and easy to use; however, it has slightly higher fees than other software wallets on this list. The network generates money from third-party exchange API providers and works to process transactions as fast as possible. A lot of the exchange process is automated. You’ll see the transaction and associated network fees prior to completion.

 stands apart from other software wallets because of its messaging feature. In-wallet messaging allows you to communicate with other wallet users, making it useful especially when it comes to buying, selling and trading NFTs. You can also see your NFTs in a gallery format on the app, helping you to stay organized. The Ethereum crypto wallet also supports several GameFi and DeFi applications.

, previously known as Algorand Wallet, is a community-driven wallet that connects you with the Algorand blockchain. Then users can securely connect to any DApp within the Algorand ecosystem with their mobile devices. Besides trading cryptocurrency, the wallet allows for easy NFT management and viewing. The app is supported by cold storage wallets like Ledger, giving you an extra layer of security.

One distinguishing feature of Pera Wallet is its focus on green energy. It’s no secret that cryptocurrency has a negative impact on the environment. You might choose Pera Wallet because Algorand is a green blockchain dedicated to energy efficiency.

, a noncustodial web3 wallet, offers several tools to help users manage their crypto assets and NFTs. Users can connect other hot and cold crypto wallets to their portfolio, and manage all their digital assets in one location. However, there’s a 0.5% swap fee for all networks.

A key feature of Zerion is its social aspect. Users can track assets, follow other users’ wallet activities and set up notifications for NFT and crypto drops.

 may look like a typical internet browser, it’s an excellent tool for helping users securely buy, sell and trade multiple tokens. Brave Wallet is built directly into the specialized secure browser to enhance security. You won’t need to worry about downloading extra browser extensions to access all the wallet’s features. If you want an extra layer of protection, Brave Wallet also connects to cold storage cryptocurrency wallets such as Trezor and Ledger. Plus, you’ll have quick access to live crypto market data, making the browser a good choice for active traders.

 is known for developing innovative web3 hardware wallets. As one of the first developers of cold crypto wallets, Trezor has always focused on adding new features. The Model T is an advanced hardware wallet that connects to your computer with a USB-C. The tiny device offers an easy-to-use touchscreen with PIN access, making it very quick. The Model T is also compatible with over 1,400 assets and has plenty of storage space, making it ideal for everyday trading and receiving GameFi rewards. 

The Model One, on the other hand, is a much cheaper alternative that is compatible with slightly below 1,300 assets. While it doesn’t have a touchscreen with PIN access, it offers a two-button pad that still allows you to access your wallet relatively quickly.

With all that said, whether you choose a hot or cold storage method, you should consider the following reasons to use web3 wallets.

Web3 wallets are designed to keep your assets as safe as possible. All web3 wallets are accessed using private keys or a seed phrase, which the user should keep somewhere safe offline. After being issued a new web3 wallet and a private key, no one else can access it without the key, not even the wallet’s developers.

If you have a cold wallet, the software service you use may have an additional layer of security to protect it from hackers and scammers. Hardware wallets are much harder to access because they have their own built-in security.

Both hot and cold web3 wallets are designed with the end user in mind. The best wallets can be set up in a few minutes, and have an easy-to-understand interface. Most wallet hardware or software companies include basic instructions on how to get started. After your new wallet is properly set up, you can deposit funds, or send and receive digital assets right away.

Ease of use is also critical when it comes to the future of DApps. For web3 wallets to become more mainstream, users need to be able to access all the features of their wallets with little or no technical knowledge. They also need to be able to set up their wallets and simply connect to their favorite game, purchase NFTs or store their cryptocurrency. To that end, users are able to receive GameFi rewards, trade assets or store NFTs. That’s why the most popular web3 wallets focus on ease of use and offer excellent support.

Anonymity is a crucial part of decentralized finance (DeFi). Part of the appeal of trading cryptocurrency or other digital assets is that your identity is protected. Your web3 wallets aren't tied to any personal information; all wallet addresses are just long strings of numbers and letters. The goal isn’t to help users hide their purchases: It’s to help decrease fraud on any transaction requiring authentication.

Unlike other financial applications, users are in complete control over their web3 wallets. There’s no authority or government overseeing every transaction, so you can send or receive assets without limitations.

Each web3 wallet has its own benefits, so you’ll need to choose one that best suits your needs. Explore the list below of the best 18 web3 wallets to learn more about the features of each one.

While it can be tempting to leave your assets on crypto exchanges, having a wallet provides you with an extra layer of security and more control.

The wallet you choose should reflect your technical skill level. New traders may feel more comfortable with a wallet that easily integrates with a platform they’re already familiar with, such as Bybit Wallet, Coinbase Wallet or 

. If you have a large amount of long-term holdings, it may be wise to invest in a hardware wallet such as Trezor or Ledger.

Although there are dozens of reasons for getting a hot or cold wallet, it’s important to understand the potential downsides of using one. Anonymity and privacy are key with DApps, so you’re responsible for all activities that take place on your wallet. Some platforms offer support, but they might not be able to help you if you lose your private keys, or send a large amount of money to the wrong address.

Depending on which wallet you choose, there may be a learning curve. Some wallets give users access to dozens of features, but if you don’t understand how they work, there’s no point in getting them. To set up your new wallet properly and take advantage of all its beneficial features, you may need to spend some time studying tutorials or watching online help videos.

Whether you need to set up a secure wallet to collect GameFi rewards, or you’re an active crypto trader, it would behoove you to review multiple wallets before deciding on which one to use. With plenty of secure options for hot and cold digital asset storage, there’s a wallet tailored to fit everyone’s needs. Be sure to compare fees, ease of use, security and extra features to determine what will benefit you most. You can always change your mind, or experiment with multiple wallets to find one that best suits your style and storage needs.

18 Best Web3 Wallets to Use as a Key to the Web3 Ecosystem

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