Trust Wallet surpassed 220 million users globally in 2025 with 35% monthly active user market share, while MetaMask held over 30 million monthly active users. The crypto wallet market share has fragmented across software, hardware, and smart wallet categories. An estimated 560 million people held cryptocurrency worldwide in 2024, representing approximately 6.8% of the global population, according to Triple-A.
The wallet ecosystem spans software hot wallets, hardware cold storage, smart contract accounts, and hybrid MPC solutions. Of 400 million global crypto users, only 30 million practice self-custody, and a mere 10 million do so securely, according to Ledger. The data below covers crypto wallet market share by wallet type, monthly active users across leading platforms, hardware sales figures, smart wallet deployment metrics, and phishing loss trends through early this year.
Key Takeaways
- Trust Wallet reached 220 million+ total users globally and captured 35% monthly active user market share in 2025.
- MetaMask grew to over 30 million MAU, a 55% surge from 19 million in September 2023.
- Ledger sold over 8 million hardware devices and secured more than 20% of the world’s crypto market cap.
- Safe deployed 41.6 million smart accounts and secured $52.3 billion in digital assets as of Q1 2025.
- Crypto wallet phishing losses fell 83% to $83.85 million in 2025, with victims dropping 68% to 106,106.
- Only 10 million of 400 million crypto users practice secure self-custody, according to Ledger’s own research.
Editor’s Choice
- An estimated 560 million people held cryptocurrency globally as of 2024, approximately 6.8% of the world population.
- Safe smart wallets secured $52.3 billion in assets as of Q1 2025, second only to Ethereum’s staking deposit contract.
- Total crypto phishing losses fell to $83.85 million in 2025, down from nearly $494 million in 2024.
- Ledger has sold over 8 million hardware wallet devices across 165 countries.
- Safe reached 41.6 million total deployed smart accounts by Q1 2025.
- Trust Wallet prevented over $191 million from being sent to known scam addresses in 2025.
Recent Developments
- Ledger confirmed over 8 million devices sold and zero hacks across a decade of operation (March 2026).
- Safe reached 41.6 million total smart accounts after deploying 7.1 million new accounts in Q1 2025 alone.
- Trust Wallet’s download share climbed to 35.09% in March 2025, ranking first among mainstream cryptocurrency wallets.
- EIP-7702, introduced with Ethereum’s Pectra upgrade on May 7, 2025, enabled EOA smart contract execution for batch transactions and sponsored gas.
- MetaMask launched native Bitcoin integration, enabling direct BTC management for its 30 million+ active users without wrapped tokens or bridges.
Global Crypto Wallet Market Share by User Base
- Triple-A estimated 560 million people held crypto as of 2024, approximately 6.8% of the world population.
- Global cryptocurrency users are projected to reach 861 million by 2025, representing an adoption rate of approximately 11%.
- The Chainalysis 2025 Global Crypto Adoption Index ranked India first, followed by the United States, Pakistan, Vietnam, and Brazil.
- APAC saw a 69% year-over-year increase in on-chain value received in the 12 months ending June 2025, reaching $2.36 trillion.
- Europe led in absolute transaction volume at $2.6 trillion, with North America recording $2.2 trillion.
- Of 400 million crypto users globally, only 30 million practice self-custody, according to Ledger.
- Latin America’s crypto transaction volume grew 63% year over year, and Sub-Saharan Africa grew 52%.
- The gap between total crypto holders and active wallet users signals that a large portion of the market still relies on exchange-hosted custody rather than dedicated wallet applications.
| Metric | Figure | Source |
| Global crypto holders (2024) | 560 million | Triple-A |
| Projected crypto users (2025) | 861 million | Statista |
| APAC transaction volume | $2.36 trillion | Chainalysis |
| Europe transaction volume | $2.6 trillion | Chainalysis |
| North America transaction volume | $2.2 trillion | Chainalysis |
| Self-custody users (global) | 30 million | Ledger |
| Secure self-custody users | 10 million | Ledger |
Source: Triple-A, Chainalysis, Ledger
Software Wallet Market Share by MAU
- Trust Wallet reached over 220 million total users and 35% monthly active user market share in 2025.
- MetaMask reported over 30 million MAU as of January 2024, a 55% increase from 19 million in September 2023.
- Phantom reached 20 million users by December 2025 and held 39.4% of the Solana wallet market.
- Trust Wallet supports 110+ blockchains with 1,000+ custom EVM chains and 32 million+ tradable assets.
- A Morning Consult survey of 1,500 US crypto owners found 76% identified security as the primary factor influencing wallet choice.
- MetaMask’s MAU figures nearly matched record highs of 31.7 million set in January 2022.
- Trust Wallet’s user count dwarfs MetaMask’s MAU figure partly because it tracks cumulative registrations against MetaMask’s active-user metric, but the download share data confirms Trust Wallet’s growing lead in new user acquisition.
| Wallet | Total Users | MAU (Est.) | Primary Chain(s) |
| Trust Wallet | 220M+ | 35% share | Multi-chain (110+) |
| MetaMask | 143M+ downloads | 30M+ | Ethereum, EVM |
| Phantom | 20M | 15-17M | Solana, Ethereum, Bitcoin |
| Coinbase Wallet | 15M+ installs | 3.2M | Multi-chain |
| Solflare | 4M | 3.5M | Solana |
| Rabby | 4.2M installs | N/A | EVM |
| Argent | 3.6M | N/A | Ethereum, Starknet |
| Zerion | N/A | 300K+ | Multi-chain |
Source: Consensys, Trust Wallet, Phantom
MetaMask User Growth and Revenue
- MetaMask’s monthly active users grew 55% between September 2023 and January 2024, climbing from 19 million to over 30 million.
- MetaMask launched native Bitcoin integration, enabling direct BTC management without wrapped tokens or bridges for over 30 million active users.
- MetaMask’s MAU nearly matched record highs of 31.7 million monthly active users set in January 2022.
- MetaMask security alerts now cover 100% of global users across Ethereum Mainnet, Linea, BNB Chain, Polygon, Arbitrum, Optimism, and Avalanche.
- Global crypto losses in 2023 totaled $1.7 billion, stolen, hacked, or phished, according to Consensys.
- 76% of 1,500 US crypto owners surveyed by Morning Consult identified security as the primary factor influencing wallet choice.
- MetaMask’s BTC integration positions it as a cross-chain contender against Trust Wallet’s established multi-chain reach, a shift from its Ethereum-only origin.
| Metric | Figure | Period |
| MAU (peak) | 31.7 million | January 2022 |
| MAU (trough) | 19 million | September 2023 |
| MAU (recovery) | 30 million+ | January 2024 |
| YoY MAU growth | 55% | Sep 2023 – Jan 2024 |
| Security alert networks | 7 | 2024 |
| Users with default security alerts | 100% | 2024 |
Source: Consensys, Bitcoin Magazine
Trust Wallet Adoption Statistics
- Trust Wallet reached over 220 million users globally in 2025.
- Revenue grew 150% year over year, sustaining profitable operations following the company’s first 8-digit profit year in 2024.
- Trust Wallet’s download share climbed to 35.09% in March 2025, up from approximately 20% in January 2025.
- Peak swap volume hit $390 million+ in weekly volume with approximately 260,000+ weekly active traders.
- Stablecoin Earn TVL reached $155 million+.
- Trust Wallet supports 110+ blockchains with 1,000+ custom EVM chains.
- The platform recovered over $260,000 in stolen funds and secured an additional $370,000 through coordinated investigations with exchanges.
- Trust Wallet prevented over $191 million from being sent to known scam addresses in 2025.
Phantom and Solana Wallet Ecosystem
- Phantom reached 20 million users by December 2025.
- Phantom held 39.4% of the Solana wallet market share.
- Phantom’s expansion to Ethereum, Bitcoin, Polygon, Base, and Sui positions it as a multi-chain competitor rather than a Solana-only tool.
- Solflare serves approximately 4 million active users as of mid-2025, making it the second-largest Solana wallet.
- Backpack, built by the team behind Mad Lads and the Anchor framework, targets NFT collectors and DeFi power users with its multi-chain swap and bridge infrastructure.
| Wallet | Users | Solana Market Share | Multi-Chain |
| Phantom | 20M | 39.4% | Yes (6 chains) |
| Solflare | 4M | ~15% (est.) | Solana-focused |
| Backpack | N/A | Growing | Yes |
Source: Phantom, DeFi Dev Corp
Hardware Wallet Market Share
- Ledger has sold over 8 million hardware wallet devices with zero hacks in a decade of operation.
- Trezor holds approximately 30% global hardware wallet market share.
- Trezor shipped 2.4 million devices in 2024.
- Ledger secures more than 20% of the world’s crypto market cap.
- The top 4 hardware wallet manufacturers (Ledger, Trezor, Keystone, and BitBox) hold over 60% of the global market.
- Hardware wallets remain a fraction of total wallet users. Ledger’s 8 million devices against 560 million crypto holders means approximately 1.4% of holders use the market leader’s hardware solution. Our hardware wallet market data covers the broader competitive dynamics between manufacturers.
By the numbers: According to Ledger, the company’s hardware devices secure more than 20% of the world’s total crypto market cap, with over 8 million units sold to consumers across 165 countries and zero successful device hacks recorded in a decade of operation. That security track record sets Ledger apart in a market where exchange breaches remain routine.
Ledger Sales and Security Record
- Ledger offers connected devices and platforms with more than 8 million devices sold to consumers in 165 countries and 10+ languages.
- Ledger confirmed over 8 million devices sold and zero hacks in a decade of operation.
- Ledger secures 20% of the world’s total crypto value.
- The Ledger Nano S is described as the best-selling hardware wallet of all time.
- All 7 million+ Ledger devices sold have never been hacked.
| Milestone | Detail |
| Total devices sold | 8 million+ |
| Countries served | 165 |
| Languages supported | 10+ |
| Crypto market cap secured | 20% |
| Successful device hacks | Zero |
| Best-selling model | Ledger Nano S |
Source: Ledger, BusinessWire
Trezor Market Position and Revenue
- Trezor achieved $47.2 million in annual revenue with 175 employees.
- Revenue per employee reached $269,500.
- Trezor holds approximately 30% global hardware wallet market share and captures 28% market penetration.
- Trezor shipped 2.4 million devices in 2024.
- Trezor experienced a 600% increase in sales during its record sales week.
- November online sales generated $6.6 million for trezor.io.
- The workforce grew 34%.
| Metric | Figure | Period |
| Annual revenue | $47.2 million | 2024 |
| Revenue per employee | $269,500 | 2024 |
| Global market share | 30% | 2024-2025 |
| Devices shipped | 2.4 million | 2024 |
| Record week sales surge | 600% | 2024 |
| November online sales | $6.6 million | 2024 |
| Employees | 175 | 2024 |
Source: Quantumrun, Trezor
Smart Wallet and Account Abstraction Growth
- Over 40 million smart accounts have been deployed across Ethereum and Layer 2 networks, with nearly 20 million deployed in 2024 alone.
- The ERC-4337 standard enabled over 100 million UserOperations, a tenfold increase from 2023.
- Industry projections anticipated over 200 million smart accounts by late 2025.
- EIP-7702, introduced with Ethereum’s Pectra upgrade on May 7, 2025, allows EOAs to temporarily execute smart contract code for batch transactions and sponsored gas.
- EIP-7702 bridges the gap between traditional wallets and smart accounts by letting existing EOA holders access account abstraction features without deploying new contracts, a practical middle path that could accelerate adoption beyond the ERC-4337 growth curve.
| Metric | Figure | Period |
| Total smart accounts deployed | 40 million+ | 2024-2025 |
| Smart accounts deployed (2024) | ~20 million | 2024 |
| Total UserOperations | 100 million+ | 2024-2025 |
| Projected smart accounts | 200 million+ | Late 2025 |
| EIP-7702 launch | May 7, 2025 | Pectra upgrade |
Source: Hacken, Ethereum.org
Safe Smart Wallet Statistics
- Safe recorded 7.1 million new smart accounts in Q1 2025, bringing the total to 41.6 million.
- Safe deployed 18.3 million new smart accounts in 2025, with one new account created every 1.7 seconds on average.
- Total value secured decreased 46.6% to $52.3 billion as of Q1 2025.
- Safe processed $600 billion in transaction volume in 2025, accounting for 43% of the protocol’s lifetime volume.
- Safe manages over $50 billion in assets, second only to Ethereum’s staking deposit contract.
Our self-custody wallet data tracks broader self-custody trends that shape institutional demand for Safe’s multisig infrastructure.
| Metric | Figure | Period |
| Total smart accounts | 41.6 million | Q1 2025 |
| New accounts (Q1 2025) | 7.1 million | Q1 2025 |
| New accounts (2025 total) | 18.3 million | 2025 |
| Account creation rate | 1 per 1.7 seconds | 2025 avg |
| Total value secured | $52.3 billion | Q1 2025 |
| Transaction volume | $600 billion | 2025 |
| Lifetime volume share | 43% | 2025 |
Source: Messari, Safe Global
Custodial vs Non-Custodial Wallet Split
- Approximately 59% of crypto users prefer non-custodial wallets, while 41% still use custodial solutions.
- Non-custodial wallets handle approximately 68% of crypto transactions.
- Hot wallets account for 78% of wallet market share, with cold wallets at 22%.
- Of 400 million global crypto users, only 30 million practice self-custody, and only 10 million do so securely.
- The preference for non-custodial wallets in surveys contrasts with actual custody behavior. Many users who state a preference for self-custody still hold the majority of their assets on exchanges.
Our crypto exchange market data provides the exchange-side perspective on where users actually store their assets.
Crypto Wallet Security and Phishing Data
- Total crypto phishing losses fell to $83.85 million in 2025, down 83% year over year from nearly $494 million in 2024.
- The number of phishing victims fell to 106,106, down 68% from the previous year.
- The largest single phishing theft of the year totaled $6.5 million in September, involving a malicious Permit signature.
- Permit/Permit2 signatures accounted for 3 cases totaling $8.72 million in losses.
- EIP-7702 batch attacks accounted for 2 cases totaling $2.54 million in losses.
- Trust Wallet prevented over $191 million from being sent to known scam addresses in 2025.
- August was the worst month for phishing, with $12.17 million in losses and 15,230 victims.
For deeper context on overall crypto security data, our security statistics track breach trends across exchanges, DeFi protocols, and wallets.
| Month | Phishing Losses | Victims |
| January | $10.25M | 9,220 |
| February | $5.32M | 7,442 |
| March | $6.37M | 5,992 |
| April | $5.29M | 7,565 |
| May | $9.69M | 7,547 |
| June | $2.80M | 5,862 |
| July | $7.09M | 9,143 |
| August | $12.17M | 15,230 |
| September | $11.78M | 15,513 |
| October | $3.28M | 10,935 |
| November | $7.77M | 6,344 |
| December | $2.04M | 5,313 |
| 2025 Total | $83.85 million | 106,106 |
Source: Scam Sniffer
Key finding: According to Scam Sniffer’s 2025 annual report, total crypto wallet phishing losses fell 83% year over year to $83.85 million from nearly $494 million in 2024, while victims dropped 68% to 106,106 people. The decline suggests that built-in wallet security alerts and user education are reducing the attack surface even as wallet adoption accelerates.
Wallet Adoption by Region
- India ranked first in the Chainalysis 2025 Global Crypto Adoption Index, followed by the United States, Pakistan, Vietnam, and Brazil.
- APAC recorded a 69% year-over-year increase in value received, reaching $2.36 trillion in the 12 months ending June 2025.
- Europe led absolute transaction volume at $2.6 trillion.
- North America recorded $2.2 trillion in transaction volume.
- Latin America’s crypto volume grew 63% year over year.
- Sub-Saharan Africa’s crypto volume grew 52% year over year.
Our crypto adoption rates by country page covers country-level regulatory and adoption drivers. See also the crypto user demographics data for age and income breakdowns behind these regional figures.
Emerging Wallet Categories: MPC, DeFi-Native, and Multichain
- Zengo safeguards 2 million+ users worldwide with over $20 billion in digital assets secured and zero hacks since 2018.
- Rabby, an EVM-focused wallet by DeBank, reached approximately 4.2 million installs globally.
- Zerion reported over 300,000 monthly active users across its web, mobile, and extension platforms.
- Argent expanded its user base to approximately 3.6 million globally in 2025.
- Zengo supports over 1,000 crypto assets and NFTs across major chains, including Bitcoin, Ethereum, and Polygon.
- MPC wallets like Zengo eliminate seed phrases entirely, addressing the recovery anxiety that keeps many users on custodial platforms. Our wallet and exchange coverage documents a clear directional shift: after each major exchange failure, the rate of Bitcoin leaving exchanges for self-custody wallets accelerates.
| Wallet | Category | Users | Zero-Hack Record |
| Zengo | MPC | 2M+ | Since 2018 |
| Rabby | DeFi-native (EVM) | 4.2M installs | N/A |
| Argent | Smart account | 3.6M | N/A |
| Zerion | DeFi-native (multichain) | 300K+ MAU | N/A |
Source: Zengo, DeBank
For more on individual wallet platforms, see our MetaMask wallet data.
The DeFi market statistics page covers protocol-level TVL and volume trends that drive DeFi-native wallet adoption. Our Solflare wallet statistics detail the Solana ecosystem’s wallet growth beyond Phantom.
Frequently Asked Questions (FAQs)
Trust Wallet leads with over 220 million total users globally as of 2025, supported by its integration with the Binance ecosystem and coverage of 110+ blockchains. MetaMask follows as the largest non-custodial wallet by monthly active users at 30 million+.
An estimated 560 million people held cryptocurrency as of 2024, according to Triple-A, with projections reaching 861 million by 2025. Many holders use multiple wallets across different platforms, so the total wallet count exceeds the individual holder count.
Ledger estimates that only 30 million of 400 million crypto users practice self-custody, and only 10 million do so securely with hardware devices. Ledger alone accounts for over 8 million devices sold, making it the market leader.
Safe smart wallets secured $52.3 billion in assets by Q1 2025 with multisig protection. The ERC-4337 standard enabled over 40 million smart accounts with features like social recovery and gas sponsorship. Security depends on implementation rather than wallet category alone.
Trust Wallet holds 35% of the monthly active user market share and 35.09% of wallet download share as of March 2025. In the Solana ecosystem specifically, Phantom dominates with 39.4% market share and 20 million users.
Conclusion
The crypto wallet market share data paints a clear picture. Trust Wallet’s 220 million+ users and 35% MAU market share position it as the largest crypto wallet by total user base, while MetaMask’s 30 million+ MAU anchors the EVM self-custody segment. Hardware wallets remain a fraction of the ecosystem at roughly 8 million Ledger devices and 2.4 million Trezor shipments in 2024, yet they secure a disproportionate 20% of the world’s crypto market cap.
Smart wallets are the fastest-growing category. Safe’s 41.6 million deployed accounts already outnumber all hardware devices combined by roughly 4:1, and the ERC-4337 standard has generated over 100 million UserOperations.
Crypto investors choosing between wallet types benefit from comparing MAU figures alongside security track records. Wallet developers see the clearest growth in account abstraction and MPC technology. Security researchers should note the 83% drop in phishing losses, while recognizing that new attack vectors like EIP-7702 exploits have already emerged. The self-custody gap that Ledger identified, where only 10 million of 400 million users practice secure self-custody, remains the ecosystem’s central challenge heading into this year.