On Tuesday, the non-custody digital currency wallet Metamask announced that the platform had exceeded 10 million monthly active users (MAUs). Since July 2020, Metamask has grown 19x since July 2020 as MAUs increased 1,800% in 12 months.
Metamask reaches over 10 million monthly active users
There is no doubt that Metamask was a popular Ethereum blockchain wallet that is also compatible with technologies like Polygon, Optimism, and Arbitrum. The wallet was created in 2016 by the blockchain software company Consensys and a variety of decentralized financial applications (defi) support Metamask.
In an announcement made Tuesday, Metamask says the platform had 545,080 MAUs in July 2020 and 3 million MAUs in April 2021. Today Metamask has 10,354,279 MAUs and has grown 1,800% since July 2020.
In the announcement, Metamask described some of the drivers that have driven the software’s MAU growth exponentially. For one, Metamask is seen as the “primary way” global Defi users interact with 17,000 unique Web3 domains. Metamask is also used to access the growing non-fungible token (NFT) phenomenon that has taken the world by storm.
Two other things accelerated metamask growth and one of them was the token swap feature. In addition, the mobile software from Metamask gave the blockchain wallet an additional boost in September 2020. Metamask growth announcement details:
The launch of the mobile version in September 2020 has played a crucial role in quickly attracting new users from global markets such as the Philippines, Vietnam, China, India, Indonesia, Thailand and Brazil.
Top 15 geographic metamask regions, celebration with Decentraland
According to Metamask, the top 15 countries for the software as of August 2021 include: the Philippines, the United States, Vietnam, the United Kingdom, China, India, Russia, Brazil, Indonesia, Thailand, Turkey, Germany, France, Canada and Spain. Metamask is excited about the growth and will partner with Decentraland on September 2, 2021 to celebrate the milestone.
“Metamask has defined a new type of cryptocurrency wallet where users interact not just with currencies but with decentralized applications, and we are constantly making these new types of applications more secure and accessible to a wider audience,” said Dan Finlay, co-founder closed. “We’re letting users explore new ways to build trust online,” he added.
What do you think of Metamask’s MAU growth? Let us know what you think on this matter in the comments below.
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