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MetaMask hits 1M monthly users thanks to DeFi boom

MetaMask hits 1M monthly users thanks to DeFi boom

MetaMask, the Ethereum (ETH) browser pockets developed by ConsenSys, has surpassed a million month-to-month lively customers for the primary time.

The milestone comes roughly seven months after the pockets first surpassed a million customers in complete, suggesting the parabolic rise of decentralized finance (DeFi) in 2020 has pushed the surge in MetaMask’s person base.

In an announcement, MetaMask notes high DeFi protocols Uniswap, Yearn Finance, Curve, MakerDAO, and Aave amongst these favored by its customers, highlighting its dedication to supporting the expansion of DeFi shifting ahead:

“Over the past twelve months, vital progress within the adoption of DAOs, Web3 video games, and the speedy client uptake of DeFi services has additional accelerated our progress curve.”

Month-to-month MetaMask customers have tripled since February, whereas the full worth locked in DeFi protocols has elevated by ten instances over the identical interval, based on DeFi pulse.

Complete worth locked in DeFi sector over previous 12 months: DeFi Pulse

MetaMask additionally launched a cell model of its pockets on September 4, probably helping its push into seven-figure month-to-month customers.

Credit score: Source link

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