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The Number of MetaMask Users Has Recorded a 3800% Jump Since 2020

The Number of MetaMask Users Has Recorded a 3800% Jump Since 2020

Last updated 25th Jan 2023
Disclosure
  • Metamask users have increased by 3800% since 2020.
  • Crypto and blockchain adoption are the primary triggers for the rise.
  • The spike might be due to specific events or market conditions.

MetaMask is a popular browser extension and a mobile crypto wallet. It allows users to interact with dApps on the Ethereum blockchain. MetaMask has seen a tremendous increase in usage in recent years. According to BanklessTimes.com, active MetaMask users have increased by a whopping 3800% since 2020.

Jonathan Merry, the CEO of BanklessTimes, spoke on the data:

The rapid growth of MetaMask users is a testament to the broadening adoption of crypto and blockchain technology. We've seen a dramatic increase in major companies, such as Microsoft and Amazon, integrating blockchain into their applications, so it's no wonder why more people are turning to MetaMask for their transactions.
BanklessTimes CEO, Jonathan Merry

Reasons For Increased Adoption

The growth of the Ethereum network and its corresponding dApps is one factor that has contributed to the surge in MetaMask users. Besides, developments such as the rise of Decentralized Finance (DeFi) and Non-fungible Tokens (NFTs) have also encouraged people to explore this wallet.

In addition, the surge in MetaMask users is likely correlated with certain events or market conditions. For instance, the introduction of Ethereum 2.0 was a significant development that could have led to more people wanting to use MetaMask.

As the crypto and blockchain space continues to grow and evolve, the number of MetaMask users will likely continue to increase. The ease of use and accessibility of the platform make it an attractive option for both experienced crypto users and those new to the space.

Crypto and Blockchain Evolution Aligns to MetaMask

It is worth noting that the number of MetaMask users can also be affected by market fluctuations and general crypto trends. As the crypto and blockchain space continues to evolve, there will be more individuals looking for secure and reliable wallet solutions, such as MetaMask.

Elizabeth Kerr

Elizabeth Kerr

Elizabeth is a financial content specialist from Manchester. Her specialities include cryptocurrency, data analysis and financial regulation.