METAMASK

SAM BOURGI22 MINUTES AGO

MetaMask cites ‘global south’ for their 5x increase in users.

The wallet service and browser extension has seen its active monthly users grow five times since October 2020.1599Total views16Total sharesListen to article2:12

MetaMask cites 'global south' for their 5x increase in users

MetaMask, the Ethereum (ETH) wallet service and browser extension, has recorded 5 million monthly active users for the first time — marking a major milestone in the growth of decentralized applications. 

The rise in growth came just six months after MetaMask registered its first cumulative 1 million active users. Since October 2020, the service platform has grown five times, highlighting the continued strength of the cryptocurrency bull market.

The following chart, courtesy of MetaMask developer ConsenSys, highlights the exponential growth of the wallet service over the past six months:

MetaMask’s remarkable growth trajectory over the past six months. Chart: ConsenSys

Interestingly, MetaMask adoption has surged in the so-called “global south” — a phrase that describes emerging economies in Asia, Africa, and South America. MetaMask mobile adoption has been especially pronounced in Vietnam and Nigeria. As Cointelegraph recently reported, Nigeria has emerged as a major center for cryptocurrency adoption as more of its citizens utilize Bitcoin (BTC) and other virtual assets to escape inflation and navigate capital controls.

ConsenSys further explained its growing popularity in emerging economies:

“Increasingly, these people use MetaMask to earn a supplemental income or to make long-term investments. Many are unable to access their local banking system and thus need alternative technology to act as a savings account.” 

MetaMask was initially released in 2016 before undergoing several major upgrades. The wallet service surged in popularity during the height of the DeFi boom in 2020, as more investors used it to fund their token purchases.

MetaMask helped to facilitate the growth of not only DeFi, but decentralized exchanges as well. These were the venues for finding low-cap altcoin gems not yet available on major exchanges like Coinbase, Kraken or even Binance.

DeFi remains one of the hottest trends in the cryptocurrency market, with total value locked, or TVL, of around $114 billion. TVL peaked above $123 billion earlier this month, according to industry data.DELIVERED EVERY MONDAYSubscribe to
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TURNER WRIGHT36 MINUTES AGO

Mark Cuban tried to convince Ellen DeGeneres to accept Dogecoin

“I’m interested in Dogecoin, and I really want to know more about this,” DeGeneres said to her more than one million viewers.2070Total views24Total sharesListen to article2:03

Mark Cuban tried to convince Ellen DeGeneres to accept Dogecoin

NEWS

Following the Dallas Mavericks’ decision to accept Dogecoin as payment for merchandise last month, billionaire Mark Cuban is seemingly attempting to get other high-profile names to consider using the meme-based token as a form of payment.

In a virtual interview with TV talk show host Ellen DeGeneres today, Cuban said Dogecoin (DOGE) may have started as a joke, but it was now “becoming a digital currency.” The Dallas Mavericks owner mentioned the success the basketball team’s store had after accepting the token in March, and recommended DeGeneres “should look at it for The Ellen Shop,” claiming the store “could sell a whole lot of stuff for Dogecoin.”

“We sure will do that,” said DeGeneres. “I’m interested in Dogecoin, and I really want to know more about this.”

In regards to crypto and DOGE in particular, the TV talk show host later clarified on Twitter that she was not sure she “understand[s] it, or know[s] how to pronounce it, but it sure is fun to say.” DeGeneres already launched her own nonfungible token called “woman with a stick cat” to raise money for the World Central Kitchen, one package of which sold for $14,555 today.

Cuban has predicted that the price of DOGE could hit $1 if more people were to use the token to purchase Dallas Mavericks merchandise. As of April 13, the basketball team has reportedly accepted 122,000 DOGE — roughly $32,757 at the time of publication — with sales increasing by 550% over the last month.

“I wouldn’t say [DOGE is] the world’s best investment, but it’s whole lot better than a lottery ticket,” said Cuban on Ellen’s show. “It’s a great way to learn and start understanding cryptocurrencies.”

Though Dogecoin has posted more than 14,000% in gains over a year, the price of the token has fallen under $0.30 since reaching an all-time high of more than $0.40 earlier this month. The viewership of Ellen’s show — estimated to be 1.5 million as of March — could potentially drive this price up if even a fraction of them showed the same enthusiasm in the token as Cuban seemed to demonstrate by purchasing DOGE.DELIVERED EVERY MONDAYSubscribe to
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