What is MetaMask? The wallet with 5 million monthly users 🦊

MetaMask is certainly one of the most well-known tools for regular cryptocurrency users. It is a cryptocurrency wallet also called 'wallet'. It serves as a safe for your crypto assets and allows the transfer of funds from one wallet to another in a fairly easy way. But it's not just a wallet, it's also a browser that gives you the ability to interact with decentralized applications.

There are now 5 million users who use the services of this wallet every month! MetaMask is also available as a mobile application, either on a browser or from a smartphone.

New protocols on blockchains have literally exploded in recent months, such as decentralized finance (DeFi) and non-fungible tokens (NFT). As a result, MetaMask has also seen an explosion in its number of users.

MetaMask is an extension for web browsers such as Chrome, Firefox or Brave. Thus, it becomes an ideal choice for all crypto-enthusiasts of DeFi or NFT using a computer and wishing to use a cryptocurrency wallet that goes everywhere, being associated with the browser.

Recently the company is offering a swap service with its mobile app. The service would act by compiling several Automated Market Maker (AMM) to offer the best price to users wanting to swap tokens.

Developed by ConSensys, MetaMask is a wallet service designed primarily for the Ethereum network. However, it is also compatible with other blockchains, such as the Binance Smart Chain (BSC), the Polygon network (formerly MATIC), xDai (STAKE), Fantom and other networks. Its power is undoubtedly its interoperability between different networks and its ability to adapt, acting as a swapping hub allows it not to fall into a siloed model and be abandoned by the community.

MetaMask has grown exponentially over the past 6 months. It has seen its number of users multiply by 5. ConsenSys explains that the increase in the number of users is due to the massive adoption of cryptocurrencies in countries such as India, Indonesia, Vietnam and Nigeria. Destinations that are among the 10 countries with the most MetaMask users in the world.