Multi-wallet usage up 16%, but AI may address crypto fragmentation gap
Summary
Fragmentation and complicated user experience hinder cryptocurrency's mainstream adoption. A report indicates that 62% of crypto users now utilize at least two wallets, a 16% increase from the previous year. Security concerns are paramount, with over 18% citing it as their top issue. Wallets are evolving from simple asset storage to gateways for Web3 services, integrating AI to enhance user experience and reduce scam risks. Mobile wallets remain the most popular at 51%, while hardware wallet usage has increased to 10%. Social wallets are gaining traction, emphasizing ease of use, though 39% of users still seek improved security to adopt them.
