MetaMask has achieved a major milestone, reaching 10 million monthly active users.
MetaMask has reached another major milestone, growing from 545,080 monthly active users in July 2020 to 10,354,279 in August 2021.
According to the company, the growth has given the wallet and token swapping application the lead on the non-custodial wallet by users globally. Also, the Ethereum-based popular wallet noted that this milestone has closely tracked that of the Ethereum ecosystem.
Following this, MetaMask Co-Founder, Dan Finlay, stressed,
“MetaMask defined a new kind of cryptocurrency wallet, where users don’t just interact with currencies, but with decentralized applications, and we are constantly making these new kinds of applications more safe and accessible to a broader audience.”
In addition, “we’re letting users explore new ways of establishing trust on the internet,” he noted. However, MetaMask, the crypto wallet has been criticized in the past for high fees and incredible blacklisting means.
Moreover, he also credited the growth to the MetaMask community. Dan Finlay said,
“MetaMask owes its growth to our community. They are constantly coming up with new ways to build and organize, and are always pushing us to improve in countless ways,"
adding, "As long as we can continue to help unleash their creativity while keeping users safe, I think we’ll have an exciting future.”