MetaMask hits 1M monthly users thanks to DeFi boom
The booming DeFi sector is driving up MetaMask’s user base, with the popular Ethereum wallet report now reporting more than one million active monthly users MetaMask, the Ethereum (ETH) browser wallet developed by ConsenSys, has surpassed one million monthly active users for the first time.The milestone comes roughly seven months after the wallet first surpassed one million users in total, suggesting the parabolic rise of decentralized finance (DeFi) in 2020 has driven the surge in MetaMask’s user base.In an announcement, MetaMask notes top DeFi protocols Uniswap, Yearn Finance, Curve,....
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MetaMask has recently seen massive adoption as both the DeFi and NFT markets are surging. The increased adoption of the Ethereum network is bringing more investors into the market. Hence the need for storage wallets has gone through the roof. And MetaMask has benefitted greatly from this growth. MetaMask is a crypto wallet that allows […]
On Tuesday, the noncustodial digital currency wallet Metamask announced that the platform has surpassed 10 million monthly active users (MAUs). Year-to-date, Metamask has seen 19x growth since July 2020 as MAUs climbed 1,800% in 12 months.
Metamask Hits Over 10 Million Monthly Active Users
There’s no doubt that Metamask has been a popular Ethereum blockchain wallet that is also compatible with technologies like Polygon, Optimism, and Arbitrum. The wallet was created by the blockchain software company Consensys in 2016 and a great number of decentralized finance (defi)....
Popular crypto wallet MetaMask will be merging with MyCrypto, according to a post by Consensys developer Dan Finlay. The fusion of these wallets will let the users leverage more “robust” products across multiple devices and “lead the way to Web3”. Related Reading | MetaMask Monthly Active Users Crosses 10 Million Amid DeFi And NFT Boom […]
Demand for noncustodial wallets continues to surge amid the DeFi and NFT booms. MetaMask has been a primary benefactor, as active monthly users have grown 19-fold in just over a year. Ethereum wallet and browser extension MetaMask achieved another major milestone in August, as its monthly active userbase topped 10 million for the first time, further highlighting the growing demand for DeFi assets.MetaMask credited a confluence of factors for its exponential growth, including the rapid adoption of Ethereum smart contract technology, the continued expansion of DeFi protocols and the....
The DeFi economy continues to be built on Ethereum. A new report from ConsenSys highlights the extent to which the Ethereum network drives decentralized finance. The Ethereum (ETH) network continues to be a major driving force behind decentralized finance, signaling the continuation of a trend that began around mid-2020, according to a new quarterly DeFi report by ConsenSys. By the end of June 2021, 2.91 million unique Ethereum addresses had interacted with at least one DeFi protocol, representing 65% growth from the previous quarter. “As community driven education, simple user interfaces,....