A Leading DeFi Bull Indicator? MetaMask Registers Over 30 Million In 5 Months
- MetaMask's monthly active users have surged to over 30 million from around 19 million in September 2023, indicating growing activity in non-custodial activities like DeFi and NFT minting. - The rise in MetaMask users aligns with the recovery of Bitcoin and Ethereum prices, with Ethereum trading at around $3,000 and expectations of further price gains. - DeFi activities have seen a nearly 2X rise in total value locked, reaching over $74 billion as of mid-February 2024, based on DeFiLlama data. - MetaMask has launched a new Blockaid alert system to protect users and plans to extend the feature to mobile users. Additionally, it has partnered with ConsenSys to offer a validator staking feature for ETH, allowing users to stake their ETH without owning nodes or managing technical complexities.
