MetaMask Reports Remarkable 55% Surge in User Base from September to January

MetaMask, a popular crypto wallet, is experiencing a notable surge in active users, according to a statement from Consensys, its developer. 

Between September 2023 and January 2024, the wallet’s monthly active users (MAU) skyrocketed from 19 million to over 30 million, marking a remarkable increase of over 55%. This surge almost matches MetaMask’s historical peak of 31.7 million users in January 2022, reflecting growth akin to the bull market of that year. The announcement follows MetaMask’s partnership with Robinhood, enabling users to seamlessly purchase crypto assets directly within the wallet. Additionally, MetaMask introduced a feature last year allowing users to convert digital assets into fiat currency by sending crypto directly to their bank or PayPal accounts. Consensys attributes the wallet’s integration with major traditional finance players and improvements in regulatory environments to driving broader mainstream adoption. 

Highlighting the importance of security, a Morning Consult survey cited by Consensys reveals that 76% of US crypto owners prioritize security when choosing a wallet. Dan Finlay, Consensys chief ethos officer and MetaMask co-founder, underscores the significance of user trust and security amidst the expansion of MetaMask and the broader web3 ecosystem.

Clever Robot News Desk 23^rd February 2024