MetaMask, the Ethereum (ETH) wallet service and browser extension, has recorded 5 million monthly active users for the first time — marking a major milestone in the growth of decentralized applications.
The rise in growth came just six months after MetaMask registered its first cumulative 1 million active users. Since October 2020, the service platform has grown five times, highlighting the continued strength of the cryptocurrency bull market.
The following chart, courtesy of MetaMask developer ConsenSys, highlights the exponential growth of the wallet service over the past six months:
MetaMask’s remarkable growth trajectory over the past six months. Chart: ConsenSys
Interestingly, MetaMask adoption has surged in the so-called “global south” — a phrase that describes emerging economies in Asia, Africa, and South America. MetaMask mobile adoption has been especially pronounced in Vietnam and Nigeria. As Cointelegraph recently reported, Nigeria has emerged as a major center for cryptocurrency adoption as more of its citizens utilize Bitcoin (BTC) and other virtual assets to escape