The wallet and extension Metamask now has 5 million active users per month which is five times more compared to October 2020, when the number crossed 1 M for the first time.
Related: Ether Surpassed $2.700. The Blockchain Hits New Records
🥳 A new milestone!
— MetaMask (@MetaMask) April 27, 2021
6 Months
5 Million Monthly Active Users
2 Billion USD in accumulated transactions
100% more ethical internet
🤝 Control your own data & identities, build communities, & freely associate.https://t.co/4cuJVG53zv pic.twitter.com/M8Z3dCw0wj
MetaMask was brought out in 2016 by the blockchain development firm ConsenSys. The wallet supports Ethereum-based digital assets. Initially, it was accessible only through
Google Chrome and Firefox. In September 2020, ConsenSys presented the first MetaMask mobile app for Android and iOS.In the same year, the wallet's popularity saw significant growth. It was also connected with the DeFi industry boom.
Data shows that MetaMask is widely adopted in countries with low incomes. Among them are Nigeria, Vietnam, Indonesia, and others where people tend to use BTC and other cryptocurrencies as a means to fight inflation.
Trending: Smart Contracts Audits Startup Hexens Closed $4.2 M Seed Funding
In general, the demand for crypto has been rising. Currently, the entire crypto market cap stands at above $2 trillion.