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.

AccessTimeIconSep 8, 2021 at 4:33 p.m. UTC
Updated May 11, 2023 at 4:14 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

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.

Disclosure

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

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



Read more about