The booming DeFi sector is driving up MetaMask’s user base, with the
popular Ethereum wallet report now reporting more than one million
active monthly users
MetaMask, the Ethereum (ETH) browser wallet developed by ConsenSys, has surpassed one million monthly active users for the first time.
The
milestone comes roughly seven months after the wallet first surpassed
one million users in total, suggesting the parabolic rise of
decentralized finance (DeFi) in 2020 has driven the surge in MetaMask’s
user base.
In an announcement,
MetaMask notes top DeFi protocols Uniswap, Yearn Finance, Curve,
MakerDAO, and Aave among those favored by its users, highlighting its
commitment to supporting the growth of DeFi moving forward:
“Over
the last twelve months, significant growth in the adoption of DAOs,
Web3 games, and the rapid consumer uptake of DeFi products and services
has further accelerated our growth curve.”
Monthly
MetaMask users have tripled since February, while the total value locked
in DeFi protocols has increased by ten times over the same period,
according to DeFi pulse.
MetaMask also released a mobile version of its wallet on September 4, likely assisting its push into seven-figure monthly users.
source link : https://cointelegraph.com/news/metamask-hits-1m-monthly-users-thanks-to-defi-boom
