MetaMask Exceeds 1 Million Monthly Active Users
Last year, we reported how MetaMask had reached approximately 264,000 monthly active users. Since that time, we’ve grown over 400%, supporting over one million monthly active users across our desktop and mobile apps🎉. We believe this is a critical milestone for the whole ecosystem we serve.
MetaMask user growth happens in a compounding feedback loop similar to the feedback loop of the internet itself. Users onboard to use one site, and end up discovering hundreds of other sites from decentralized finance to gaming to new communities.
The recent launch of MetaMask Mobile has played an important role in bringing new users into the MetaMask community. We’re especially delighted about the diverse communities where MetaMask Mobile is getting traction. The top four countries in volume of mobile users are:
1. USA
2. India
3. Nigeria
4. Philippines
Additionally, 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:
This 2020 curve parallels the trend in DeFi adoption, indicating that new users are coming to MetaMask specifically to participate in the decentralized finance revolution:
It’s not just the ability to buy and store Eth that’s powering our new phase of growth. When you think about it, people don’t really want a wallet. They want to invest, sell, lend, borrow. They want to use sites like Uniswap, Yearn, Curve, Maker and Aave to get that job done. MetaMask is simply the connective tissue.
DeFi sites that offer the user safe and seamless trading by integrating their site with MetaMask attract more MetaMask users. And we, in turn, are helping users continue to explore and discover more of the ecosystem. MetaMask enables users to purchase ETH, store it safely, browse DeFi protocols and exchanges, and connect their wallets directly to these sites to trade easily and securely.
Whether you’re using MetaMask to game, store, browse, participate in the DeFi revolution or connect users to your dapp, we’re humbled to be supporting such a curious, vibrant and passionate community.
Onward, to the next million! 🦊
