DeFi boom, MetaMask has reached over 1 million monthly users

MetaMask, the most popular Ethereum wallet has surpassed 1 million monthly active users for the first time.

Last year, MetaMask had reached approximately 264,000 monthly active users. Since that time, the booming DeFi sector is driving up MetaMask’s user base, the ETH wallet grown over 400%, supporting over one million monthly active users across desktop and mobile apps.

USA, India, Nigeria,  Philippines are the top four countries in the volume of mobile users.

According to the reported on October 6, MetaMask notes top DeFi protocols Uniswap, Yearn Finance, Curve, MakerDAO, and Aave among those favored by its users, highlighting its commitment to supporting the growth of DeFi moving forward:

“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, the company’s blog said.

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