MetaMask active users reached 5 million
The growth originated just six months after the company registered its first million accumulated users
MetaMask, known as the ethereum wallet and browser extension has presented an increase in the list of its followers of 5 million monthly active users, a figure that generates an impact on the growth of decentralized applications.
Since 2020, the platform has presented a progressive increase of 5 times the number of accumulated users, which means that the last six months MetaMask has highlighted the strength of the crypto market. At the end of last year, the company registered its first million active users, as reflected in the following chart:
For its part, the blockchain company ConsenSys explained that more and more people “use MetaMask to obtain a supplementary income or to make long-term investments. Many people cannot access their local banking system and therefore need an alternative technology to act as a savings account.”
It is important to mention that MetaMask is one of the companies that since its inception contributed to the strengthening not only of DeFi but also of exchanges, at a time when decentralized finance was a very attractive option for investors in financing the purchase. of tokens.
DeFi remains one of the most popular trends in the cryptocurrency market, with a total locked value, or TVL, of approximately $ 114 billion. TVL peaked at $ 123 billion earlier this month, according to industry data.
K.Villarroel
Source: cointelegraph
