MetaMask's customer base surpassed 1 million monthly users amid interest in DeFi The developers of the MetaMask extension for interacting with the Ethereum blockchain reported exceeding 1 million monthly active users. Last May, they reported a value of 264,000 users. Since then, the growth has been over 400%.

MetaMask's client base surpasses 1 million monthly users amid interest in DeFi

The developers of the MetaMask extension for interacting with the Ethereum blockchain reported exceeding the mark of 1 million monthly active users. Last May, they reported a value of 264,000 users. Since then, growth has been over 400%.

“The growth of the MetaMask user base is happening against the backdrop of a feedback loop similar to the wider internet. Users come for the sake of one site and discover thousands of others, from decentralized finance to games and new communities, "the publication says..


The number of active MetaMask users per month

The developers also associate the latest achievement with the recent launch of the mobile version of MetaMask. MetaMask Mobile has become the most popular in the USA, India, Nigeria and the Philippines.

“In addition, over the past 12 months, there has been a significant proliferation of decentralized organizations (DAOs), Web3 games, and products and services from the DeFi space,” they note. The growth is paralleling the DeFi trend, indicating that users are turning to MetaMask specifically to take part in the decentralized finance revolution. They want to not only buy and hold Eth, but also invest, sell, borrow and borrow. They want to use sites like Uniswap, Yearn, Curve, Maker and Aave to accomplish these tasks. ".

The volume of assets in DeFi services

MetaMask previously announced a transition to a new license to prevent competitors from commercializing their software..

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