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MetaMask Hit 10M Monthly User Mark in July With Asia Leading Growth

The firm said the launch of its mobile version last September has boosted its business.

Updated May 11, 2023, 4:14 p.m. Published Sep 8, 2021, 4:33 p.m.

MetaMask cryptocurrency wallet application on a smartphone arranged in New Hyde Park, New York, U.S., on Thursday, July 29, 2021. Lending on cryptocurrency platforms rose 7.6% from last week to $29.40 billion, according to data compiled by DeFi Pulse. Photographer: Gabby Jones/Bloomberg via Getty Images

MetaMask, the non-custodial digital wallet that has become a key gateway to the world of decentralized finance (DeFI), said the number of its monthly active users hit 10 million in July, with the Asian market leading the growth.

The number of monthly active users increased from 545,080 in July 2020 to 10.4 million this month, representing growth of over 1,800%, according to ConsenSys, the software company that owns MetaMask.
MetaMask functions much like a bitcoin wallet, allowing users to sign in to decentralized applications and use them through a regular browser.
The wallet is one of the most popular ways for users to access the Ethereum blockchain and growth has been fueled in part by the boom in non-fungible tokens (NFTs).
MetaMask said the launch of its mobile version last September has helped its rapidly increase its user base in the Brazil, China, India, Indonesia, the Philippines, Thailand and Vietnam. The launch of token swaps on mobile in March also has accelerated user growth.
There are now more than 10 million users using MetaMask to swap tokens, borrow, lend, mint and buy NFTs and play games.

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ConsenSys MetaMask DeFi

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.