MetaMask: 1 million users due to the DeFi boom

The booming DeFi sector has brought many new users to MetaMask: Over a million users for the Ethereum wallet.

MetaMask, the browser wallet for Ethereum ( ETH ) from ConsenSys, now has over a million active users per month for the first time

Seven months ago, the wallet reached a total of one million users for the first time. The strong growth in the field of decentralized finance (DeFi) in 2020 brought MetaMask these new users.

In an announcement , Bitcoin Era stated that users are very happy to use the well-known DeFi protocols Uniswap, Yearn Finance, Curve, MakerDAO and Aave. The platform aims to drive DeFi’s growth further:

„In the last twelve months we have also grown strongly due to the rapidly growing acceptance of DAOs, Web3 games and the rapid acceptance among consumers of DeFi products and services.“
The number of MetaMask monthly users has tripled since February. According to DeFi Pulse, the total value in the DeFi protocols increased ten-fold over the same period.

Total score on DeFi logs over the past 12 months: DeFi Pulse

MetaMask also launched a mobile version of its wallet on September 4th . This has certainly contributed to the fact that the number of monthly users has now cracked the million.