MetaMask Surpasses 5 Million Monthly Active Users | ConsenSys
In October 2020, MetaMask surpassed 1 million accumulative monthly active users across our browser extension and mobile app for the foremost time. MetaMask Mobile, DAOs, blockchain gambling, and most of all the demand for access to DeFi drove MetaMask to grow more than 4x from October 2019 to October 2020 .
however, the meteoric growth of MetaMask did not stop in October. today, approximately 6 months belated, MetaMask has grown an extra 5x, and is used by more than 5 million users every month. While a growing number of them are using MetaMask Swaps, which has witnessed over $ 2 billion USD in accumulate transaction volume over the past 6 months, there are besides other reasons why most people continue to choose MetaMask as their gateway to the decentralized vane .
Adoption in the Global South
More and more people living in the Global South are using crypto, and many see MetaMask as a safe and trustworthy option. For case, India and Indonesia are both in the top 5 countries in terms of MetaMask mobile borrowing, while Vietnam and Nigeria are in the top 10 .
increasingly, these people use MetaMask to earn a auxiliary income or to make long-run investments. many are unable to access their local anesthetic bank system and thus need alternative technology to act as a save score. For model, the average percentage of people who don ’ t have access to a bank account in South America by state is 54 %.
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While many are not able to get deposit accounts, even the ones that do might have more confidence in using MetaMask than banks. many people in these countries do not trust their governments, and frankincense eagerly look towards alternatives. We will discuss this tendency in an approaching webinar on May 5th with Emerging Impact .
A Universal Solution for All of Web3
The late mainstream madden over NFTs has attracted a much larger consultation to the Ethereum ecosystem. In fact, Google searches for “ NFT ” are more than four times higher than for DeFi. Furthermore, on-chain data clearly indicates that NFTs are being widely embraced by users across the Ethereum ecosystem. In fact, accessing NFTs is now the second gear most democratic use case for MetaMask, alone behind swaps .
MetaMask is the Gateway to the Decentralized Web
We can not express how esteemed we are to continue democratizing access to Web 3.0, and we look forth to serving the millions more users that are joining the decentralized web. This growth opens the possibility of a more ethical internet where people control their own data and identities, can build communities, and freely companion with one another through interactions that are empowering and based on accept .
Category : crypto topics