Digital currency wallet Metamask announced that the platform has surpassed 10 million active users per month (MAU). Metamask has been recorded since July 2020 19-fold growth because the MAU has climbed in 12 months by 1,800%.
Metamask exceeded more than 10 million active users per month
There is no doubt that Metamask is a popular Ethereum blockchain wallet that is also compatible with technologies such as Polygon, Optimism a Arbitration. The wallet was created by a blockchain software company Consensus in 2016 and Metamask also supports a large number decentralized financial (DeFi) applications.
In Tuesday’s announcement, Metamask states that in July 2020, the platform recorded 545,080 MAUs and by April 2021, Metamask had 3 million MAU. Today he has Metamask 10 354 279 MAU and since July 2020 the number of active users has increased by 1 800%.
In a announcement, Metamask described some of the drivers that caused the software to grow exponentially. First, Metamask is considered to be “Primary method” interaction of global DeFi users with 17,000 unique Web3 domains. Metamask is also used to approach the growing phenomenon of ownership unmistakable tokens (NFT)who took the world by storm.
Two other things accelerated the growth of Metamask, and one of them was function token swapping between each other. In addition Metamask mobile software provided blockchain wallets in September 2020 with another fresh breeze for its development. Details of Metamask’s growth in the announcement include:
“The launch of the mobile version in September 2020 has played a key role in rapidly attracting new users from global markets such as the Philippines, Vietnam, China, India, Indonesia, Thailand and Brazil.”
Top 15 geographical areas of Metamask, a celebration with Decentraland
Metamask states that in August 2021 it belongs among 15 countries most using software these countries: Philippines, the United States, Vietnam, the United Kingdom, China, India, Russia, Brazil, Indonesia, Thailand, Turkey, Germany, France, Canada and Spain. Metamask is excited about growth and September 2, 2021 concludes partnership with Decentraland, to celebrated your milestone.
10M Monthly Active Users !? 🤓🦊🎉
Let’s celebrate with a 24h party @decentraland on Sept 2 @ 8pm UTC
Register now: https://t.co/qur8DsFnOn
– MetaMask (@MetaMask) August 31, 2021
“Metamask has defined a new type of cryptocurrency wallet where users interact not only with currencies but with decentralized applications, and we are constantly making these new types of applications more secure and accessible to a wider audience.” he says Dan Finlay, co-founder of Metamask. “We enable users to explore new ways to build trust on the Internet,” he added.
Total locked value (TVL) in DeFi already exceeded $ 94 billion and could explode 10 times by 2022, according to a veteran cryptoinvestor Matthew Roszak. In addition, it is AAVE project leader DeFi s 15.64% dominance and $ 16.04 billion in TVL.
Individual countries are thus increasingly receiving decentralized funding. However, the DeFi space still faces a global shift towards mainstream adoption. However, MetaMask’s growing user base testifies to the ever-strengthening DeFi market.