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- MetaMask user base has soaringly surpassed 10 million monthly active users
- The incredible growth has closely chased the growth of Ether blockchain
- The proliferation of the user base depicts a 19x growth as compared to July 2020
MetaMask is a decentralized crypto wallet designed by Consensys, the popular blockchain technology firm founded by Ethereum co-founder Joseph Lubin. is both a mobile app and browser extension that processes as a cryptocurrency wallet for interacting with the Ether blockchain and any Ether-compatible network like Polygon, Arbitrum, and Optimism. Recently, it was announced that the wallet now has more than 10 million monthly active users. The proliferation of the user base depicts a 19x growth as compared to July 2020. Moreover with the recent increment in users the crypto wallet positions as the leading non-custodial wallet by users globally.
What helped MetaMask soar in the industry?
The exponential progress of MetaMask has chased closely with that of the Ether ecosystem. In 2019, $2 billion in crypto assets was inflicted on decentralized finance (DeFi). Notably, in the current scenario Ether endorses a flourishing DeFi industry with more than $80 billion in assets under management (AUM).
MetaMask is the crucial door a global user base interacts with the DeFi world. It has an enormous ecosystem of approximately 17k unique Web3 domains, which entails rare virtual assets marketplace like OpenSea and NFT-based online games.
MetaMask’s wallet is the catalyst in dApps adoption
MetaMask was introduced in the cryptosphere in 2016. Since then it has been a prominent stimulus in the adoption of decentralized applications (dApps) on the Ether blockchain network.
Notably, the roll-out of the mobile version in September 2020. The mobile application has played an integral role in hastily attracting new users from global markets. Such markets include the Philippines, Vietnam, China, India, Indonesia, Thailand, and Brazil.
On the other hand, the launch of token swaps on MetaMask mobile in March 2021 also exponentially accelerated user expansion. According to Dan Finlay, co-founder of MetaMask, they have brought a new kind of crypto wallet, where users don’t just interact with virtual assets, but with dApps also. Simultaneously, the team behind the project is often compelling these new kinds of applications to be more prudent and handy to a broader audience. Finlay also highlighted that they are granting users scrutinize new ways of affirming conviction on the internet.
MetaMask’s users are from different parts of the world
As of August 2021, it is revealed that the top 15 countries using MetaMask wallet include The Philippines, United States, Vietnam, United Kingdom, China, India, Russia, Brazil, Indonesia, Thailand, Turkey, Germany, France, Canada, and Spain.
Following the scenario, it is noted that Asia is the number one region in terms of users’ growth, followed by Europe and North America.
