Popular crypto wallet MetaMask is seeing a surge in active users.
In a statement, MetaMask developer Consensys says that the wallet’s monthly active users (MAU) grew from 19 million to over 30 million between September 2023 and January 2024, representing an increase of over 55%.
[adinserter block="1"]The current number of monthly active users nearly matches Metamask’s historical high of 31.7 million in January 2022.
“This growth nearly matches the peak figures seen during the bull market in 2022.”
The announcement comes after MetaMask inked a partnership with trading platform Robinhood to enable users to seamlessly buy crypto assets directly within the wallet.
Last year, MetaMask also introduced a new feature that allows users to convert their digital assets into fiat currency by directly sending the crypto to their bank or PayPal account.
Consensys says the wallet’s integration of major traditional finance players along with improvements in regulatory environments drive broader mainstream adoption.
“More broadly, web3 has seen significant signals of mainstream adoption with an increasingly strong regulatory, workforce and technical foundation, and growing regulatory certainty in jurisdictions such as the UK, EU and Hong Kong.”
Citing the results of a Morning Consult survey, Consensys says 76% of US crypto owners consider security as the primary factor influencing their choice of a wallet.
Says Consensys chief ethos officer and MetaMask co-founder Dan Finlay,
“As we witness the growth of MetaMask and the broader web3 ecosystem, we understand that the foundation of this expansion is user trust and security.”
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