MetaMask Wallet Statistics 2026: Users, Revenue, Market Share

MetaMask wallet statistics for 2026 show over 30 million monthly active users and 143 million downloads, yet cumulative protocol revenue sits at $198.64 million, a figure that undercuts older syndicated coverage by more than a third. The data below tracks user growth, swap fees, chain concentration, security trends, and the timing of the parent company’s IPO window.

Key Takeaways

• MetaMask serves over 30 million monthly active users and 143 million lifetime downloads, placing it second in CoinGecko’s 2026 hot-wallet ranking behind Trust Wallet.
• Cumulative MetaMask Swaps revenue totals $198.64 million, with $52.94 million annualized, well below the older $325 million figure circulated through 2024.
• Ethereum mainnet drives 70.3% of cumulative MetaMask fees ($139.55 million of $198.64 million per DefiLlama), exposing concentration risk against multichain wallet rivals.
• MetaMask’s standard swap fee is 0.875%, unchanged since the desktop launch in October 2020.
• Phishing losses against crypto wallet users fell to over $83.3 million in 2025, down 83% from $494 million in 2024, even as MAU held flat.
• Perpetual futures are now live inside MetaMask, delivering $35.46 million in daily perp notional versus $6.08 million daily DEX aggregator volume.

Editor’s Choice

• MetaMask processes $6.08 million in daily DEX aggregator volume across its 7 supported chains.
• $139.55 million of cumulative swap fees originated on Ethereum mainnet, the largest single-chain share.
• ConsenSys posted $252.00 million in 2022 revenue and held a $7 billion valuation in 2023.
• MetaMask’s annual recurring revenue exceeds $150 million, drawn primarily from Swaps and ConsenSys Staking.
• One individual lost over $282 million in Bitcoin and Litecoin during a January 2026 social engineering attack involving hardware wallet bypass.
• Rewards Season 1 distributed over $30 million in Linea tokens between October 2025 and January 2026.
• Perpetual futures account for about 75% of all crypto trading volume, with global perp DEX volume hitting an all-time high of more than $765 billion in August 2025.

Recent Developments

• December 16, 2025: MetaMask launched native Bitcoin integration using the Bitcoin Development Kit, extending the wallet beyond EVM chains.
• October 8, 2025: Perpetual Futures went live through a Hyperliquid integration, the first one-click perp surface inside a major self-custody wallet.
• October 28, 2025: Rewards Season 1 (October 28, 2025 to January 23, 2026) distributed over $30 million in Linea tokens alongside Otherside NFTs and MetaMask Metal Card perks.
• April 23, 2026: Dan Finlay, MetaMask co-founder, stepped down from ConsenSys after eight years building the wallet.
• May 13, 2026: ConsenSys delayed its IPO to fall 2026 citing weak crypto market conditions.

MetaMask User Base and Monthly Active Users

• MetaMask reported over 30 million monthly active users in March 2022, a 42% jump from the 21 million count four months earlier.
• Bitcoin Magazine confirmed over 30 million monthly active users at the native Bitcoin integration launch on December 16, 2025.
• BlockEden’s April 2026 IPO analysis reaffirmed MetaMask serves over 30 million monthly users heading into the public-listing window.
• Wikipedia’s 2026 entry notes over 100 million users worldwide as of early 2026, reflecting cumulative installs rather than active sessions.
• The United States, the Philippines, Brazil, Germany, and Nigeria represent some of MetaMask’s most active markets.
• The MAU plateau between March 2022 and 2026 diverges from the bull-run growth pattern documented across our 100-plus payment platform datasets, signaling a flat-but-engaged base.

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How many people use MetaMask wallet?

MetaMask reports over 100 million users worldwide as of early 2026 when counting lifetime installs, while over 30 million monthly active users measure unique people who opened the extension or mobile app inside a rolling 30-day window. The MAU metric, anchored by ConsenSys’s own definition, is the cleaner read on engagement.

MetaMask Revenue by Blockchain

• DefiLlama records $139.55 million in cumulative MetaMask fees originating on Ethereum, the protocol’s largest single-chain share.
• $29.06 million flowed from BNB Chain, the second-largest contributor by a wide margin.
• Arbitrum and Hyperliquid L1 cluster at $7.42 million and $7.26 million, respectively, with Polygon close behind at $7.14 million.
• Linea and Base round out the seven supported chains at $4.51 million and $3.38 million.
• Non-Ethereum chains together contribute roughly 29.7% of cumulative fees ($58.77 million of $198.64 million per DefiLlama), reflecting steady multichain expansion since 2023.
• Even with decentralized finance (DeFi) activity spreading across more than 20 production-grade chains, MetaMask’s fee origin remains heavily Ethereum-skewed; the wallet’s multichain UI has outpaced its multichain revenue mix.

MetaMask Revenue and Swap Volume

• DefiLlama records cumulative MetaMask revenue of $198.64 million, collected entirely through the protocol’s swap-fee mechanism.
• Trailing 30-day revenue totals $2.63 million, producing the $52.94 million annualized run rate published on the protocol dashboard.
• Daily DEX aggregator volume sits at $6.08 million across the seven supported chains.
• Daily perpetual futures volume reaches $35.46 million, roughly six times the wallet’s DEX aggregator volume.
• DefiLlama’s daily DEX notional volume reads $2.26 million, a tighter cut limited to swap notional rather than aggregate flow.
• The $198.64 million cumulative revenue undercuts the $325 million figure widely syndicated through 2024; DefiLlama’s protocol page reflects post-2024 fee adjustments and a methodology refresh after the perp launch.

What is MetaMask’s swap fee?

MetaMask charges a swap service fee of 0.875% on each transaction routed through MetaMask Swaps, a rate unchanged since the desktop launch in October 2020.

MetaMask Swap Fee Structure and Trading Volume

• The 0.875% swap fee applies to both desktop and mobile MetaMask Swaps transactions.
• Perpetual futures account for about 75% of all crypto trading volume industry-wide, framing why MetaMask added the surface.
• Global perp DEX volume reached an all-time high of more than $765 billion in August 2025.
• MetaMask integrates network fees across 6 supported chains automatically inside quotes, reducing user friction on cross-chain swaps.
• Transaction Shield is a monthly subscription protecting up to $10,000 per month in transactions, introduced as part of the 2025 product cycle.

By the numbers: MetaMask’s $35.46 million in daily perpetual volume exceeds the $6.08 million in DEX aggregator volume by nearly 6x per DefiLlama’s protocol dashboard.

MetaMask Phishing Losses and Security Trends

Source: MetaMask Crypto Security Report, December 2025.

• Phishing losses against crypto wallet users dropped to $83.3 million in 2025, an 83% decline from $494 million in 2024.
• The number of phishing victims fell from 332,000 in 2024 to 106,000 in 2025, a 68% decrease.
• Industry-wide crypto theft totaled $3.4 billion in 2025, with DPRK-attributed losses of $2.02 billion.
• Personal wallet theft incidents tripled to 158,000 since 2022, although aggregate value fell from $1.5 billion (2022) to $713 million (2025).
• AI-powered impersonations of legitimate businesses recorded a 1,400% year-over-year increase heading into 2026.
• Scams powered by AI tooling are 4.5 times more profitable than traditional methods, per MetaMask’s January 2026 security report.

Key finding: Phishing losses dropped from $494 million in 2024 to $83.3 million in 2025 alongside a fall in unique victims from 332,000 to 106,000, a counter-cyclical security improvement reflected in the MetaMask Crypto Security Report.

Is MetaMask considered a hot wallet?

MetaMask is a self-custodial wallet; private keys live on the user’s device, and the wallet stays connected to the internet through the browser extension or mobile app. That tradeoff puts MetaMask in the same hot-wallet category as Trust Wallet, Phantom, and Coinbase Wallet rather than the cold-storage tier occupied by Ledger or Trezor.

MetaMask Wallet Statistics: Market Share Among Crypto Wallets

Source: CoinGecko Top 8 Hot Wallets 2026 + BlockEden ConsenSys IPO analysis April 2026.

• BlockEden’s IPO analysis credits MetaMask with up to 90% market share of Web3 wallets across the Ethereum-dominant DeFi surface.
• Trust Wallet leads CoinGecko’s 2026 hot-wallet ranking with over 220 million total users and 35% monthly active user market share in 2025.
• Trust Wallet served over 140 million users globally as of February 2026, reflecting cumulative registrations rather than MAU.
• Phantom dominates the Solana ecosystem with 39.4% market share and 20 million users.
• CoinGecko’s 2026 hot-wallet ranking lists Trust Wallet first, MetaMask second, Coinbase Wallet third, Phantom fourth, and Exodus fifth.
• MetaMask leads where dollar flow concentrates (EVM DeFi), while Trust Wallet leads on raw user count and Phantom on Solana.

MetaMask Product Timeline and Expansion

• MetaMask launched in 2016 as open-source software under the MIT license, developed by ConsenSys.
• Mobile versions entered closed beta in 2019 and shipped publicly on iOS and Android in September 2020.
• MetaMask Swaps launched on desktop in October 2020 and on mobile in March 2021, establishing the wallet’s primary revenue surface.
• The license changed from MIT to a custom proprietary license in August 2020, a move that drew criticism from open-source advocates.
• MetaMask added Bitcoin, Solana, Monad, and Sei integrations across the product cycle, breaking out of its EVM-only history.
• MetaMask Card launched in 2 tiers (Virtual and Metal) with Mastercard acceptance for in-real-life spending, alongside the mUSD US dollar-pegged stablecoin for Card payments and Rewards cashback.

The takeaway: MetaMask’s 2025 expansion into multichain accounts that let connected dApps interact with several networks at once is a structural bet on cross-chain, the wallet now bridges EVM, Bitcoin, Solana, and emerging Layer-1s under one connection surface per ConsenSys’s December 2025 product brief.

MetaMask Wallet Statistics: MAU Historical Snapshot

Source: ConsenSys press releases via Decrypt, Bitcoin Magazine, BlockEden 2026.

• MetaMask reported 21 million MAU before the March 2022 milestone, the figure ConsenSys disclosed four months before the March 2022 milestone.
• The MAU count jumped to over 30 million by March 15, 2022, the same week ConsenSys’s CEO confirmed a DAO and token were both planned.
• Active users measured over 30 million as of December 2025 when MetaMask launched native Bitcoin functionality.
• BlockEden’s April 2026 IPO analysis reaffirmed the 30 million figure as MetaMask’s working MAU count through the IPO preparation window.
• The four-year MAU plateau implies re-engagement rather than fresh adoption, the lever the MASK token reveal is designed to pull.

ConsenSys IPO and the MASK Token Outlook

• ConsenSys posted 2022 revenue of $252.00 million and a 2023 valuation of $7 billion across its Series D round.
• The company has raised approximately $715 million in total funding through 2025 across Series A through D.
• BlockEden’s April 2026 analysis estimates ConsenSys ARR exceeds $150 million, drawn primarily from MetaMask Swaps and ConsenSys Staking.
• ConsenSys delayed its potential U.S. public offering to fall 2026, citing poor crypto market conditions.
• ConsenSys aimed to list on the NYSE in 2026 at a $10 billion-plus valuation with JPMorgan and Goldman Sachs as underwriters.
• MetaMask’s promised MASK token, confirmed by CEO Joe Lubin, lands in a Q3 to Q4 2026 window per current speculation tied to the Fall IPO timing.
• The IPO arithmetic hinges on monetizing the 100 million install base beyond the $52.94 million annualized swap-revenue figure.

Can the IRS track MetaMask?

The IRS can track MetaMask transactions because the wallet operates on public blockchains where every transfer is visible on-chain. On-ramp services like Coinbase, Kraken, and MoonPay report taxpayer transactions tied to a MetaMask address once a user funds the wallet from a KYC-checked account.

How to check MetaMask activity?

Open MetaMask and tap the Activity tab to see chronological transaction history for the connected account, including swap, send, receive, and contract-interaction events. For a deeper audit, paste the wallet address into a chain explorer (Etherscan for Ethereum, BscScan for BNB Chain, Solscan for Solana) to view every transaction signed by that address, including failed transactions and contract approvals, the in-wallet view abbreviates.

Conclusion

The MetaMask wallet statistics today paint a coherent picture: over 30 million monthly active users and $198.64 million in cumulative revenue feed a fall-2026 IPO window for parent company ConsenSys. The wallet’s Ethereum-heavy fee mix, flat user growth, 83% drop in phishing losses, and pivot to perpetual futures define the data set that matters for institutional readers ahead of the listing.

The next twelve months hinge on three signals: Whether the MASK token lifts users off the 30 million plateau, whether multichain fees compress Ethereum’s 70.3% share, and whether ConsenSys’s $10 billion IPO target survives a delayed window.