MetaMask reaches milestone of 10 million monthly users

MetaMask ‘s popular browser-based cryptocurrency wallet

has reached the milestone of surpassing 10 million monthly active users. Sponsored On

August 31, the company behind the popular wallet, ConsenSys, announced

that MetaMask has grown more than 1,800% in a year. It reached another milestone, growing from 545,080 monthly active users in July 2020 to 10,354,279 in August 2021.

The massive growth has made the wallet and token exchange app:

Sponsored

Leading wallet among users worldwide.

– The company added.

Growth Factors

The Ethereum software solutions company said that the growth and adoption of

MetaMask closely follows the Ethereum ecosystem.

Referring to Ethereum and DeFi collateral, it added that MetaMask is the main way the global user base interacts with DeFi applications. This includes an ecosystem of around 17,000 unique Web3 domains and NFT

platforms.

Dan Finlay, MetaMask Co-Founder, said

:

MetaMask has defined a new kind of cryptocurrency wallet. Users are not just interacting with currencies, but with decentralized applications, and we’re constantly making these new types of applications more secure and accessible to a wider audience.

He added that “we allow users to discover new ways to establish trust online”, but did not acknowledge that MetaMask is one of the main targets for fraudsters and hackers because of this popularity.

The popular cryptocurrency wallet has been criticized in the past for high fees and questionable blacklisting processes.

The top country geographically for wallet users is the Philippines, followed by the United States, Vietnam, the United Kingdom, and China in fifth place. Other countries in the top 15 include India, Russia, Brazil, Indonesia, Thailand, Turkey, Germany, France, <a href=”https://beincrypto.pl/learn/czy-bitcoin-jest-legalny-do-kopania/” target=”_blank”

rel=”noopener”>Canada and Spain. Asian countries account for 40% of the top 15 nations that use the wallet.

Unlike centralized or custodial wallets, MetaMask “allows users to be their own bank and take control of their own finances in a private and secure way,” the blog post explains.

A 24-hour MetaMask event in the Decentraland metaverse will take place on September 2 at 20:00 UTC to celebrate the milestone.

Finlay stated that there will be continuous improvements to the product, but did not share any specific details:

MetaMask owes its growth to our community. They are constantly coming up with new ways to build and organize, and are always pushing us to improve in countless ways. As long as we can continue to help unleash their creativity while keeping users safe, I think we have an exciting future ahead of us.

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