Over 60% of Crypto Users Manage Two or More Wallets: Reown
A survey by Nansen and Reown reveals that 62% of crypto users manage multiple wallets, a 15% increase from the previous year. The survey of 1,000 active users in the U.S. and UK indicates a fragmented crypto ecosystem, with 48% needing multiple wallets for different networks. Security concerns drive 44% of users to use multiple wallets, up from 32.8%. There is a demand for simpler, safer, and more connected experiences, with 40% prioritizing support for various tokens and chains in wallets. The wallet ecosystem has seen innovation, addressing liquidity fragmentation and user experience challenges. However, 58% of users lack understanding of smart wallets. Mobile wallets remain popular at 51%, down from 54.8%, while hardware wallet preference has increased to 10%. Users seek easy, fast experiences that integrate with their current practices.
