The Ethereum [ETH] based browser wallet developed by ConsenSys, MetaMask, surpasses a million monthly active users for the primary time.
The milestone comes roughly after 7 months when the wallet first surpassed a million users in total, suggesting the parabolic rise of DeFi [Decentralized Finance] earlier this year & has driven the surge in MetaMask’s user base.
Within the official announcement, MetaMask revealed top DeFi protocols Uniswap, Yearn Finance, Curve, MakerDAO, and Aave among those favored by its users, highlighting its commitment to supporting the expansion of DeFi moving forward:
“Over the past 12 months, significant growth within the adoption of DAOs, Web3 games, and therefore the rapid user uptake of DeFi products and services has further accelerated our growth curve.”
Monthly MetaMask users have tripled since February, while the entire value locked in DeFi protocols has increased by over 10x times over the same period of time, consistent with DeFi pulse.
MetaMask also revealed a mobile version of its wallet earlier on 4th September, likely assisting its push into 7-figure monthly users.