The number of monthly active users of the MetaMask Ethereum wallet from ConsenSys exceeded the 1 million mark for the first time.
The explosive growth of the MetaMask user base is associated with the boom in Decentralized Finance (DeFi) in 2020.
MetaMask users have tripled since February, while the total value of blocked funds in DeFi protocols has progressed tenfold over the same period.
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In a blog post, MetaMask notes that wallet users have a preference for DeFi protocols such as Uniswap, Yearn Finance, Curve, MakerDAO, and Aave. At the beginning of September, MetaMask developers presented a mobile version of the wallet.
The top four countries by the number of mobile users include the United States, India, Nigeria, and the Philippines.