CoinGecko report: MetaMask is the most popular crypto hot wallet with 22 million downloads

Odaily Planet Daily News According to a new report from CoinGecko, MetaMask is the most popular cryptocurrency hot wallet, with more than 22.66 million app downloads to date. Following MetaMask are Coinbase Wallet, Trust Wallet and Blockchain.com Wallet, all of which have slightly more than 10 million downloads, and Bitcoin.com Wallet ranks fifth with 5 million downloads. Overall, the top four crypto hot wallets accounted for 66.6% of total wallet installs, with a total of 54.06 million downloads. “The top ten most popular crypto hot wallets have more than four times the number of installations compared to other non-major wallets,” the report added. Half of the top ten wallets are supported or owned by centralized cryptocurrency exchanges, indicating that centralization Entities interested in self-hosted services. Coinbase Wallet and Crypto.com DeFi Wallet were developed by their respective exchanges, while Trust Wallet was acquired by Binance in 2018. BitKeep is partially supported by Bitget Exchange. Additionally, SafePal’s hardware wallet integration received investment from Binance Labs. According to the report, there are currently at least 54 crypto hot wallets. Android mobile devices have nearly three times as many installs as browsers. CoinGecko’s research examined hot wallet installations on browsers and mobile phones on August 1, 2023 using CER.liv and public data from Android mobile devices and Chrome, Brave, Edge, Firefox and Opera web browsers only; from Data for iOS, Safari, MacOS, Linux and Windows are not available. (The Block)