According to the CoinGecko report, MetaMask is the leader among crypto wallets with 22 million downloads.
A study on hot wallets, one of the most used products in the crypto money world, came from CoinGecko. In its research, the company revealed MetaMask’s leadership in the hot wallet world.
MetaMask is the leader in hot wallet space in CoinGecko’s industry research report
According to a new CoinGecko report, MetaMask stands out as the most popular hot crypto wallet based on app downloads. MetaMask’s number of downloads exceeded 22.66 million and maintains its leading position in this field. Other popular wallets can’t keep up with these download numbers.
The report states that wallets such as Coinbase Wallet, Trust Wallet, and Blockchaincom Wallet have only half the number of installations of MetaMask. Coinbase Wallet, Trust Wallet, and Blockchaincom Wallet follow MetaMask with just over ten million downloads each.
In total, the top four hot crypto wallets hold a significant market share with 54.06 million downloads representing 66.6 percent of the total wallet downloads.
The report, titled “The Most Popular Crypto Hot Wallets for Self-Surveillance,” also highlights that the ten most popular crypto hot wallets have more than four times the install count of the others.
Half of the top ten wallets are backed or owned by centralized crypto exchanges. This indicates high interest in the self-custodial services of centralized exchanges. Wallets such as Coinbase Wallet and Crypto.com DeFi Wallet are developed by the respective exchanges. Also, Trust Wallet and BitKeep, acquired by Binance in 2018, are backed by the Bitget exchange. SafePal’s hardware wallet integration also received investment from Binance Labs.
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