Ethereum Wallet MetaMask Sees 38-Fold Jump In Monthly Active Users

Blockchain technology firm ConsenSys said that its Ethereum wallet MetaMask saw a 38-fold year-over-year increase in the number of monthly active users. ConsenSys said Wednesday that its flagship portfolio product MetaMask now has about 21 million monthly active users and noted that the wallet’s in-app swap feature has enabled more than $10 billion in peer-to-peer token swapping. MetaMask users interact with about 3,700 unique Web3 applications. These include NFT marketplaces, play-to-earn games, DAOs, dApps, and metaverse worlds. ConsenSys also said it has closed a $200 million financing that values the Ethereum software company at $3.2 billion. The investors include HSBC Holdings ($HSBC@UK), Coinbase Ventures, and Daniel Loeb’s hedge fund Third Point LLC. MetaMask supports Ethereum-compatible Layer 2 networks, including Polygon, BSC, Avalanche, and Aurora, which represent more than 90% of global smart contract network volume. In April, ConsenSys raised $65 million from a funding round with investment from companies like JPMorgan Chase & Co ($JPM@US). The New York-based company’s CEO and founder Joe Lubin is a co-founder of Ethereum, the world’s second-largest cryptocurrency by market capitalization.