News

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.

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.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.