diff --git a/app/scripts/controllers/metametrics.js b/app/scripts/controllers/metametrics.js
index d771c5319..55a50803e 100644
--- a/app/scripts/controllers/metametrics.js
+++ b/app/scripts/controllers/metametrics.js
@@ -18,6 +18,9 @@ import {
   TRAITS,
 } from '../../../shared/constants/metametrics';
 import { SECOND } from '../../../shared/constants/time';
+import { isManifestV3 } from '../../../shared/modules/mv3.utils';
+import { METAMETRICS_FINALIZE_EVENT_FRAGMENT_ALARM } from '../../../shared/constants/alarms';
+import { checkAlarmExists } from '../lib/util';
 
 const EXTENSION_UNINSTALL_URL = 'https://metamask.io/uninstalled';
 
@@ -144,16 +147,49 @@ export default class MetaMetricsController {
     // within the fragment's timeout window. When creating a new event fragment
     // a timeout can be specified that will cause an abandoned event to be
     // tracked if the event isn't progressed within that amount of time.
-    setInterval(() => {
-      Object.values(this.store.getState().fragments).forEach((fragment) => {
-        if (
-          fragment.timeout &&
-          Date.now() - fragment.lastUpdated / 1000 > fragment.timeout
-        ) {
-          this.finalizeEventFragment(fragment.id, { abandoned: true });
+    if (isManifestV3) {
+      /* eslint-disable no-undef */
+      chrome.alarms.getAll((alarms) => {
+        const hasAlarm = checkAlarmExists(
+          alarms,
+          METAMETRICS_FINALIZE_EVENT_FRAGMENT_ALARM,
+        );
+
+        if (!hasAlarm) {
+          chrome.alarms.create(METAMETRICS_FINALIZE_EVENT_FRAGMENT_ALARM, {
+            delayInMinutes: 1,
+            periodInMinutes: 1,
+          });
         }
       });
-    }, SECOND * 30);
+      chrome.alarms.onAlarm.addListener(() => {
+        chrome.alarms.getAll((alarms) => {
+          const hasAlarm = checkAlarmExists(
+            alarms,
+            METAMETRICS_FINALIZE_EVENT_FRAGMENT_ALARM,
+          );
+
+          if (hasAlarm) {
+            this.finalizeAbandonedFragments();
+          }
+        });
+      });
+    } else {
+      setInterval(() => {
+        this.finalizeAbandonedFragments();
+      }, SECOND * 30);
+    }
+  }
+
+  finalizeAbandonedFragments() {
+    Object.values(this.store.getState().fragments).forEach((fragment) => {
+      if (
+        fragment.timeout &&
+        Date.now() - fragment.lastUpdated / 1000 > fragment.timeout
+      ) {
+        this.finalizeEventFragment(fragment.id, { abandoned: true });
+      }
+    });
   }
 
   generateMetaMetricsId() {
diff --git a/app/scripts/lib/util.js b/app/scripts/lib/util.js
index 2d454d4b5..6539e1f23 100644
--- a/app/scripts/lib/util.js
+++ b/app/scripts/lib/util.js
@@ -152,6 +152,17 @@ function getChainType(chainId) {
   return 'custom';
 }
 
+/**
+ * Checks if the alarmname exists in the list
+ *
+ * @param {Array} alarmList
+ * @param alarmName
+ * @returns
+ */
+function checkAlarmExists(alarmList, alarmName) {
+  return alarmList.some((alarm) => alarm.name === alarmName);
+}
+
 export {
   getPlatform,
   getEnvironmentType,
@@ -161,4 +172,5 @@ export {
   addHexPrefix,
   bnToHex,
   getChainType,
+  checkAlarmExists,
 };
diff --git a/shared/constants/alarms.js b/shared/constants/alarms.js
index c0dbbcf7e..730fdd826 100644
--- a/shared/constants/alarms.js
+++ b/shared/constants/alarms.js
@@ -1 +1,3 @@
 export const AUTO_LOCK_TIMEOUT_ALARM = 'AUTO_LOCK_TIMEOUT_ALARM';
+export const METAMETRICS_FINALIZE_EVENT_FRAGMENT_ALARM =
+  'METAMETRICS_FINALIZE_EVENT_FRAGMENT_ALARM';