The MetaMask platform is highly popular, with its user base continually growing. According to recent information, MetaMask’s total monthly crypto users have reached a record of 30 million, underscoring the increased relevance of the decentralized finance (DeFi) sector.
MetaMask’s crypto users surge by 55%
MetaMask is rapidly approaching a historical record in terms of monthly active users. The latest figures show an impressive number of over 30 million individuals using its platform.
While the broader crypto market has not yet surpassed its previous highs, MetaMask’s remarkable growth highlights the flourishing interest in decentralized finance (DeFi). The increase in active users represents a significant trend.
Indeed, there has been a substantial 55% growth, achieved in just four months, from 19 million active users in September to the current figure exceeding 30 million in January.
These numbers are close to the records set in January 2022 when the MetaMask crypto wallet reached a peak of 31.7 million monthly active users. This occurred as user activity surged alongside the resurgence of bitcoin (BTC) and ether (ETH).
For reference, the two most popular cryptos have approached their respective all-time high prices. BTC has doubled in value over the past six months, while ETH has increased by around 70% over the same period.
MetaMask monthly active users nears all-time high — over 30 million pic.twitter.com/NNv63U17cJ
— CryptoMutant (@CryptoMutant) February 20, 2024
MetaMask outpaces 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 as the Web 3.0 ecosystem expands.
Its recent announcement regarding the integration of Blockaid, a security-focused tool, further enhances its appeal to crypto users seeking 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 activated Blockaid’s Ethereum alerts, preventing over 30,000 malicious transactions. The crypto tool prioritizes user privacy by simulating transactions, aiming to identify threats preventively without compromising users’ sensitive data.
As the MetaMask crypto wallet continues to enhance and expand its offerings, its growing user base and commitment to security make it a pillar of DeFi. DeFi is rapidly evolving, poised to shape the future of digital asset management and transaction security.
