Crypto wallets were once simple tools for sending and receiving transactions, but they have rapidly evolved into full-fledged ecosystem gateways. The industry is shifting away from fragmented platforms where users must visit separate dApps, DeFi platforms, and NFT marketplaces to engage with Web3. Instead, wallets are becoming the single access point for an entire blockchain network.
HashPack is at the forefront of this transformation. It is no longer just a wallet for Hedera users—it has become critical infrastructure of the Hedera network. With seamless dApp connectivity, DeFi integrations, NFT management, and security innovations, HashPack provides a unified Web3 experience that simplifies blockchain participation. This evolution reflects the changing role of wallets, as they move from basic storage solutions to the frontline of user adoption.
HederaCon (Clip) ↓
Our Dir of Comms @itsbrandond hosted a panel called “Why Wallets Need a Refresh”, a great conversation with @may_hashpack, @jesshoulgrave and @LewellenMichael.
Hgraph is working with @HBAR_foundation to empower the entire @Hedera wallet ecosystem pic.twitter.com/GnZL1IQpvB
— Hgraph (@hgraph_io) March 4, 2025
The Evolution of Crypto Wallets: From Transactions to Ecosystem Hubs
Four years ago, wallets functioned primarily as simple apps that facilitated transactions. Users would interact with dApps separately, using wallets only as a signing tool for transactions. The ecosystem was fragmented, requiring users to visit multiple platforms for staking, trading, and NFT purchases. This structure made blockchain participation complex and overwhelming, limiting mainstream adoption.
Four years ago, we were looking at very like simple apps that basically did transactions
May Chan – HashPack CEP
Today, wallets like HashPack serve as the gateway to the entire blockchain ecosystem. Instead of navigating multiple dApps, users can access everything from a single interface. DeFi protocols, NFT marketplaces, staking platforms, and governance tools are all integrated within HashPack, creating a one-stop Web3 experience. This shift has made wallets the most critical layer of blockchain accessibility, representing an L1 network’s capabilities on the retail front.
With this increased importance, UX/UI has become a core focus. The success of a blockchain depends on the ability of its wallet to provide a seamless, intuitive experience for users. HashPack has prioritized clean design, easy navigation, and one-click integrations to ensure that new users can onboard quickly without technical barriers. By positioning itself as Hedera’s primary gateway, HashPack is setting the standard for the next generation of crypto wallets.
How HashPack is Leading the Wallet Evolution
Unified dApp Access: Removing the Need for Separate Platforms
In the early days of Web3, users had to manually connect wallets to different dApps, sign multiple approvals, and frequently switch between platforms. This fragmented approach created friction, making blockchain adoption inaccessible to non-technical users. HashPack eliminates this complexity by offering one-click dApp connectivity through WalletConnect and HashConnect.
Instead of navigating to separate DeFi platforms, users can stake, swap, and manage liquidity directly within HashPack. NFT collectors no longer need to visit external marketplaces, as HashPack provides native NFT management and secure peer-to-peer trading. This consolidation makes Web3 interactions as smooth as using a traditional financial app, lowering the barriers to adoption.
The Wallet as the Core of Security and Self-Custody
Crypto wallets now serve as ecosystem gateways, making security and self-custody more important than ever. Users interact with DeFi, NFTs, staking, and governance, all from their wallets. Without strong security measures, blind-signing scams, phishing attacks, and lost keys create risks that deter mainstream adoption.
HashPack has built multiple security layers to protect users. Transaction previews and risk simulations let users review details before signing, reducing phishing-related losses. Ledger and D’Cent hardware wallet support ensures cold storage options for secure asset management. These features protect against unauthorized transactions and human error, making self-custody safer.
A major breakthrough is HashPack’s partnership with the DeRec Alliance, solving the problem of lost private keys. Traditional wallets force users to store seed phrases, and losing them means permanent asset loss. DeRec introduces decentralized social recovery, allowing users to split an encrypted recovery key among trusted contacts. These contacts, known as guardians, hold fragments of the key but cannot access funds individually. If access is lost, the wallet can be restored through a multi-party recovery process.
This system removes the single point of failure in self-custody while keeping control in the hands of the user. Unlike traditional key recovery, DeRec does not rely on a centralized entity, ensuring privacy and security. By combining advanced security tools with decentralized recovery, HashPack allows users to engage with Web3 confidently and securely, without the fear of losing access to their assets forever.
Seamless Multi-Chain Interactions and Interoperability
Blockchain adoption is no longer confined to single ecosystems. Users frequently interact with Ethereum-based dApps, Polygon NFT marketplaces, and DeFi protocols across multiple chains. However, managing assets across different blockchains typically requires multiple wallets, manual bridging, and complex token transfers.
HashPack is tackling this issue by integrating interoperability solutions like Hashport, allowing users to transfer HBAR and Hedera-native assets to and from networks like Ethereum, Polygon, and Avalanche. This ensures that users can engage with the broader crypto ecosystem without leaving HashPack, making Hedera more accessible within the multi-chain economy.
NFT Innovation: Wallets as Digital Asset Management Platforms
NFT adoption has outpaced traditional crypto use cases, but the wallet experience for NFT collectors remains fragmented. Many wallets lack native NFT support, forcing users to rely on external marketplaces and portfolio trackers to manage digital assets.
HashPack solves this problem by providing a built-in NFT gallery, enabling users to view, trade, and store NFTs directly within the wallet. Secure peer-to-peer NFT trading eliminates the need for intermediaries, ensuring that transactions occur trustlessly and without marketplace fees. Additionally, auto-royalty enforcement guarantees that creators receive their earnings from secondary sales. These features position HashPack as the premier NFT wallet for Hedera and beyond.
Wallets as the Retail Front of Blockchain Networks
The success of any blockchain depends on how easily users can interact with it. A network may offer fast transactions, low fees, and strong security, but if users struggle to access its features, adoption remains limited. Crypto wallets have become the first point of contact for new users, shaping their experience and determining whether they stay engaged. As the main retail front for Layer 1 (L1) blockchains, wallets now serve as the primary gateway to an entire ecosystem.
We are seeing people come into a wallet and access the entire ecosystem from that central place.
May Chan – HashPack CEO
HashPack has driven over 90% of Hedera’s total account growth, making it the network’s primary onboarding tool. Instead of requiring users to navigate complex exchange setups or interact with command-line tools, HashPack allows them to create an account, buy HBAR, and start using dApps in minutes. This ease of access removes friction, helping onboard more users to Hedera.
User engagement depends on more than just easy account creation. A wallet must provide seamless access to DeFi, NFTs, staking, and governance, keeping users active within the ecosystem. HashPack integrates one-click staking, in-wallet token swaps, and secure NFT trading, ensuring that everything a user needs is available in one place. This approach prevents ecosystem fragmentation, keeping activity within Hedera instead of forcing users to seek alternatives on other chains.
A blockchain’s economic health depends on transaction volume and Total Value Locked (TVL), and wallets play a critical role in driving both. HashPack has facilitated 99% of Hedera’s DeFi transactions, helping TVL grow from $89 million to $166 million in 2025. A wallet’s usability directly impacts adoption, and a complex or confusing interface discourages participation. HashPack’s intuitive UI, seamless onboarding, and one-click dApp access make Hedera one of the most user-friendly blockchains, ensuring users, developers, and enterprises can engage effortlessly, fueling long-term adoption and economic growth.
CEO of @HashPackApp @may_hashpack dives into the history of HashPack and the journey that has led them to become a leading wallet provider and gateway to the Hedera ecosystem. pic.twitter.com/4BktrZOZsZ
— Hedera (@hedera) February 11, 2025
The Future of Wallets: The Next Phase of Web3 Evolution
As blockchain adoption matures, wallets will continue to evolve into full ecosystem operating systems. The future of Web3 wallets lies in greater interoperability, deeper security integrations, and enhanced user experiences that rival traditional financial platforms.
HashPack is leading this next phase with Project Expedition, a standalone desktop application featuring enterprise SSO (Single Sign-On) and institutional-grade security. Additionally, collaborations with the Linux Foundation’s Hiero Project will introduce decentralized identity standards, paving the way for wallets to manage user credentials, business verification, and secure authentication.
With growing enterprise interest in blockchain, HashPack is also expanding its reach through real-world asset (RWA) tokenization, allowing businesses to issue and manage tokenized real estate, commodities, and financial instruments. These developments will transform wallets into the control centers for both personal and enterprise blockchain operations.
Wallets as the Core of Web3’s Future
Crypto wallets are no longer passive storage tools—they have become the central access points for entire blockchain networks. As May Chan, CEO of HashPack, highlights, wallets now serve as the retail front of an L1 ecosystem, defining how users interact with DeFi, NFTs, staking, and digital identity services.
HashPack’s evolution from a simple HBAR wallet to Hedera’s full-featured ecosystem gateway is a blueprint for the future of Web3 wallets. With its continued focus on security, usability, and interoperability, HashPack is redefining how users engage with blockchain technology, ensuring that wallets remain at the forefront of Web3 adoption.
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