Decentralized Finance (DeFi) introduces an alternative financial system where users have control over their assets without relying on intermediaries. DeFi wallets aim to revolutionize traditional financial services by offering decentralized alternatives, allowing users to store, manage, and interact with blockchain technology independently. This study seeks to identify and synthesize factors such as the efficiency, usability, and effectiveness of DeFi wallets to promote broader adoption. Analysis of existing literature highlights challenges including the need for governance mechanisms, enhanced privacy, and security features for smart contracts to mitigate risks and enhance user confidence. Despite challenges, DeFi has the potential to disrupt traditional finance, fostering a fairer and more equitable financial ecosystem. DeFi wallets empower users with greater control and security over their assets, opening new opportunities for innovation in financial services.