The MetaMask platform is very popular. The number of its users is only increasing. According to recent reports, MetaMask’s total monthly crypto users have reached a record 30 million. A trend that highlights the increased relevance of the decentralized finance (DeFi) sector.
MetaMask crypto users increase by 55%
The MetaMask firm is quickly approaching an all-time high in terms of monthly active users. At the latest news, an impressive number of more than 30 million people use its platform.
While the broader crypto market has yet to surpass its previous highs, MetaMask’s remarkable rise highlights the burgeoning interest in decentralized finance (DeFi). The increase in the number of active users constitutes a significant dynamic.
Indeed, it represents a substantial growth of 55%. A level reached in just four months, going from 19 million active users in September to the current figure exceeding 30 million in January.
This numbers are close to the records reached in January 2022, when the crypto wallet MetaMask recorded a peak of 31.7 million monthly active users. This in a context where this increase in user activity coincided with the return to favor of bitcoin (BTC) and ether (ETH).
As a reminder, the two most popular cryptos have moved closer to their respective record prices. BTC has seen its value double over the past six months while ETH has increased by around 70% over the same period.
MetaMask beats the competition
Despite a competitive landscape with emerging alternatives such as Rabby, Rainbow, Zeal and Phantom, the MetaMask crypto wallet continues to maintain its dominant position in the market. This is as the Web 3.0 ecosystem expands.
Its recent announcement regarding the integration of Blockaid, a security-focused tool, further solidifies its appeal to crypto users looking for robust security measures. Blockaid, integrated into MetaMask last October, is now available on several blockchains, including Ethereum, Polygon, Arbitrium, Optimism, Avalanche, BNB Chain and Linea.
This tool serves as a proactive defense mechanism, alerting users to potentially malicious transactions such as phishing attempts, scams, and hacks.
During the beta phase, over 576,000 MetaMask users enabled Blockaid’s Ethereum alerts preventing over 30,000 malicious transactions. The crypto tool prioritizes user privacy by simulating transactions. The objective is to identify threats preventively, without compromising sensitive user data.
As the MetaMask crypto wallet continues to improve and expand its offering, its growing user base and commitment to security make it a pillar of DeFi. The latter is evolving, poised to shape the future of digital asset management and transaction security.
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