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MetaMask Surpasses 30 Million Users, Expands Institutional Presence in DeFi

MetaMask, a leading self-custodial Ethereum wallet, has reached over 30 million users and is increasingly focusing on institutional investors in the DeFi space.
Published on 2022-10-08

MetaMask's Growing Popularity

MetaMask, one of the most recognized self-custodial Ethereum wallets, has become a cornerstone in the cryptocurrency ecosystem. Known for its Orange Fox avatar, the platform provides seamless access to Ether (ETH)-based tokens, decentralized applications (DApps), and decentralized finance (DeFi) solutions.

Reaching New Milestones

In 2022, MetaMask surpassed 30 million users worldwide, solidifying its position as a leading browser plug-in wallet. This growth reflects the increasing adoption of Ethereum-based services and the broader DeFi ecosystem.

Institutional Expansion

Beyond retail users, MetaMask is increasingly catering to institutional investors. These entities are seeking to manage assets and gain exposure in the rapidly evolving DeFi space. Elizabeth Mathew, head of growth and partnerships at MetaMask Institutional, has emphasized the platform's efforts to support this growing segment.

Strategic Partnerships and Future Outlook

As institutional interest in DeFi grows, MetaMask is poised to play a pivotal role in bridging traditional finance and decentralized systems. Its focus on security, usability, and compliance positions it as a key player in the expanding digital asset management landscape.

MetaMask's journey underscores the maturation of the cryptocurrency ecosystem, offering both individual and institutional users a robust gateway to the world of DeFi and beyond.

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