Over the past six months, MetaMask's number of monthly active users has increased fivefold to 5 million monthly active users. Since October 2020, the platform's user base has quintupled. METAMASK adoption has skyrocketed in the so-called "global south," a term that describes emerging economies in Asia, Africa and South America.
Cellular adoption was particularly marked in Vietnam and Nigeria. As Cointelegraph previously reported, Nigeria has emerged as a major center for the adoption of cryptocurrencies, as more and more citizens use Bitcoin (BTC) and other digital assets to escape inflation and circumvent capital controls. DeFi remains one of the strongest trends in the cryptocurrency market, with a total locked-in value of approximately $ 114 billion.
