When choosing a Solana wallet, some considerations include ease of use, security, and device compatibility. Each Solana wallet also has its own unique features, such as xNFT compatibility, web2 logins, and supported chains. Ultimately, the final choice depends on your individual needs.
The wallets below are sorted into software and hardware and wallets, and wallets in each category are listed in order of their website's monthly traffic according to Similarweb data.
Solana is currently the 7th largest cryptocurrency, with a market cap of over $17 billion. The project positioned itself as Ethereum's biggest competitor and was even dubbed the “Ethereum killer” by many at its peak, as it offers users fast transaction speeds and low gas fees.
Since January 2023, Solana’s TVL has grown from about $210M to over $430M. And as Solana's popularity grows, especially with the new developments on the blockchain, more users are looking for the best Solana wallets to store their assets on the blockchain, as selecting a good wallet is crucial to securely store and manage SOL.
With so many options on the web, each one claiming to be the best, it can be overwhelming for new users to sift through the plethora of information and make an informed decision. The right wallet is pivotal for securely managing and transacting SOL tokens, as well as engaging in DeFi activities on the Solana blockchain.
In this article, we'll look into the top eight Solana wallets of 2023, based on variables like security, ease of use, and accessibility. So, whether you want a hardware wallet for increased security or a software wallet for easy access, this article will help you appraise the available options and choose one that is suited to your needs.
Solana wallets are cryptocurrency wallets built for the storage and transfer of Solana (SOL) tokens. Most of them even support DeFi activities on Solana, such as swapping, bridging, and staking.
There are generally two types of wallets for storing SOL and other cryptocurrencies.
In this article, we'll cover both hardware and software wallets. But first, let's start with the software wallets because these are quite popular because of their quick access.
Solana software wallets are popular for their ease of use. Most wallets offer browser extensions for Chrome, Brave, and Firefox in addition to iOS and Android apps. While not an airgapped solution, their ease of access and convenience make them indispensable. Some of these wallets also support multiple chains on top of Solana.
The wallets below are listed in order of their estimated monthly traffic based on Similarweb data.
Torus was created in 2019, and offers a Solana-based crypto wallet and provides one-click login for web3 platforms such as decentralized exchanges and NFT marketplaces.
It is a popular gateway for users to access decentralized ecosystems via a familiar web2 login flow like signing in with Google, Facebook, Discord, and others, with over 640K monthly traffic.