MetaMask Hit 10M Monthly User Mark in July With Asia Leading Growth

The firm said the launch of its mobile version last September has boosted its business.

AccessTimeIconAug 31, 2021 at 1:03 p.m. UTC
Updated Sep 8, 2021 at 4:33 p.m. UTC

Tanzeel Akhtar is a reporter based in London,UK.

MetaMask, the non-custodial digital wallet that has become a key gateway to the world of decentralized finance (DeFI), said the number of its monthly active users hit 10 million in July, with the Asian market leading the growth.

  • The number of monthly active users increased from 545,080 in July 2020 to 10.4 million this month, representing growth of over 1,800%, according to ConsenSys, the software company that owns MetaMask.
  • MetaMask functions much like a bitcoin wallet, allowing users to sign in to decentralized applications and use them through a regular browser.
  • The wallet is one of the most popular ways for users to access the Ethereum blockchain and growth has been fueled in part by the boom in non-fungible tokens (NFTs).
  • MetaMask said the launch of its mobile version last September has helped its rapidly increase its user base in the Brazil, China, India, Indonesia, the Philippines, Thailand and Vietnam. The launch of token swaps on mobile in March also has accelerated user growth.
  • There are now more than 10 million users using MetaMask to swap tokens, borrow, lend, mint and buy NFTs and play games.

Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Tanzeel Akhtar is a reporter based in London,UK.

CoinDesk - Unknown

Tanzeel Akhtar is a reporter based in London,UK.