MetaMask monthly active users (MAUs) currently stand at over 30 million, a near 2X surge from around 19 million recorded in September 2023. This uptick could be a huge positive indicator of growing activity around non-custodial activities, including decentralized finance (DeFi) and non-fungible token (NFT) minting.
Is DeFi Ready To Blow? MetaMask Records More Users
A crypto commentator on X, citing Blockworks, took note of the exploding MetaMask numbers, hinting at renewed momentum in the broader crypto market, especially in compatible networks, primarily Ethereum.
It should be noted that the rising number of MetaMask users coincides with the recovery of Bitcoin and Ethereum prices from late Q3 2023 throughout Q4 2023 to spot rates.
Ethereum, the second largest crypto by market cap, trades at around $3,000 when writing. Traders and supporters are optimistic, expecting more price gains in the coming sessions. Confidence primarily stems from ongoing network enhancement
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