MetaMask Active Users Have Increased 19M From September Last Year

Key Points:

• MetaMask, the leading cryptocurrency wallet, reports a surge in monthly active users, reaching over 30 million.
• MetaMask active users nearly match its peak during the 2022 bull market.

According to Blockworks, MetaMask, the leading cryptocurrency wallet, has reported a remarkable surge in its user base, nearing the peak levels observed during the previous bull market.

Read more: How To Connect Ledger To MetaMask: Detailed Guideline

MetaMask Active Users Surpasses 30 Million in Monthly, Marking 55% Growth

According to recent data released by the platform, the company now boasts over 30 million monthly MetaMask active users, marking a substantial 55% increase from September last year.

The impressive growth trajectory underscores MetaMask‘s burgeoning popularity in the crypto ecosystem, with mainstream partnerships, including collaborations with major trading platforms like Robinhood, contributing to its momentum.

In addition to user expansion, MetaMask has prioritized enhancing security measures for its growing user base. The platform recently launched a new security feature called Blockaid, which has successfully blocked over 30,000 malicious transactions, providing users with added protection against potential threats.

MetaMask Approaches Previous Bull Market Peak

This surge in MetaMask active users nearly parallels the wallet’s record-high of 31.7 million monthly active users observed in January 2022. The platform initially crossed the milestone of 10 million monthly active users back in August 2021, signifying its rapid ascent in the crypto space.

MetaMask, developed by Consensys, offers users the ability to self-custody and conduct crypto transactions through both browser extensions and mobile applications.

Barbara Schorchit, Consensys’ senior product manager, clarified that a user is defined as anyone with the MetaMask extension or mobile app installed, with monthly active users being those who interact with the platform at least once within a rolling 30-day period.