The number of users of the Ethereum extension MetaMask exceeded 1 million

The MetaMask extension for Chrome with Ethereum wallet functions is already used by more than a million people.

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HowTrustnodes reports, user base growthMetaMask takes place against the background of a significant surge in on-chain activity in the Ethereum network. So, in less than a month, the average daily volume of transactions doubled, reaching 800,000 and surpassing the corresponding indicator of other popular blockchains.

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The use of gas has also increased - an indicatorreached the September mark. At the same time, commissions remain at a rather low level - no more than five cents per transaction with a processing time of less than two minutes.

Data: ETH Gas Station

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The growth of fundamental indicators is taking place against the backdrop of impressive price dynamics. In particular, during the week the price of Ethereum rose by 18%:

Among the top ten CoinMarketCap, only Tezos has higher growth rates

The DeFi sector is also growing rapidly, where Ethereum plays a key role:

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The cost of Ethereum, blocked on smart contracts of DeFi applications, currently stands at $ 1.16 billion. On January 1, 2020, this figure was at around $ 670 million.

Recall that in late December, Google removed MetaMask from the Android app store, but soon regained access to it.