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Wallets/metamask

MetaMask

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Overview

MetaMask is the world's largest self-custody Web3 wallet by browser-extension share, operated by ConsenSys (Joe Lubin's blockchain venture studio) [1, 2]. By 2025, MetaMask reached 143 million total users + ~30 million monthly active users. Historically Ethereum-only browser extension, MetaMask transformed into a multi-chain hub in 2024-2025 with support for Solana, Bitcoin, Monad, Sei + EVM-compatible chains. MetaMask USD (mUSD) native stablecoin launched 2025 + Stablecoin Earn passive-income feature.

Major 2025 milestone: ConsenSys acquired Web3Auth (June 2025) to overhaul MetaMask onboarding — enables wallet creation/recovery via familiar web2 authentication (social logins + device-based) eliminating seed-phrase backup (35% of MetaMask users fail to back up seed phrases — major UX vulnerability).

History

September 2016 — MetaMask launches as ConsenSys browser-extension Web3 wallet for Ethereum.

2018-2022 — Mass DeFi + NFT-era adoption [2]: MetaMask becomes default Web3-dApp connection.

2020 — MetaMask Mobile launches [1]: iOS + Android apps.

2024-2025 — Multi-chain expansion: Solana, Bitcoin, Monad, Sei added.

2025 — mUSD native stablecoin + Stablecoin Earn launched [3].

June 2025 — ConsenSys acquires Web3Auth [4]: Web2-style social-login onboarding to address seed-phrase-backup vulnerability.

Mid-2025 — 143M total users + 30M MAU [1].

Ownership & operator

Operating entity: ConsenSys (Brooklyn, NY) — founded by Joe Lubin (Ethereum co-founder).

Major investors: SoftBank, Microsoft, Singapore GIC, Coinbase Ventures, others.

Subsidiary acquisition: Web3Auth (acquired June 2025).

Regulator distinction: Non-custodial — users hold own private keys; subject to broader securities + AML on a different basis than custodial wallets.

Technical integration

Layer Description
Channels Browser extension (Chrome/Firefox/Brave/Edge) + mobile app (iOS + Android)
Supported chains Ethereum + EVM-compatible + Solana + Bitcoin + Monad + Sei (2024-2025 multi-chain expansion)
Identifiers Blockchain addresses + ENS names
Native products MetaMask USD (mUSD) stablecoin + Stablecoin Earn passive-income
Onboarding (post-Web3Auth June 2025) Web2-style social-login + device-based auth eliminating seed phrases
dApp browser Web3 dApp interaction (DeFi, NFTs, gaming)

Users & growth

2025 [1]:

  • Total users: 143 million
  • Monthly active users: ~30 million
  • Seed-phrase-backup failure rate: 35% (driving Web3Auth acquisition)

Use cases

DeFi interactions (Uniswap, Aave, Compound, dYdX, etc.); NFT storage + trading; Web3 gaming; cross-chain swapping; ENS resolution; MetaMask USD stablecoin spending + earning; multi-chain asset management.

Implementations & partners

Operator: ConsenSys.

Subsidiary (June 2025): Web3Auth.

Partners: Sei (cross-chain functionality), thousands of dApps integrate via WalletConnect / MetaMask SDK.

Major competitors: Trust Wallet (200M+ users), Phantom (15M+ MAU, multi-chain), [[coinbase-wallet]] (3.2M MAU), Rainbow (100K+ users), Ledger Live + Trezor (hardware).

Fun facts

  • September 2016 launch by ConsenSys (Joe Lubin's Ethereum co-founder venture studio).
  • 143M total users + 30M MAU (2025) — among largest Web3 wallets globally by users.
  • 35% of MetaMask users fail to back up seed phrases — major UX vulnerability driving Web3Auth acquisition.
  • June 2025 ConsenSys acquires Web3Auth for seed-phrase-eliminating Web2-style onboarding.
  • mUSD native stablecoin + Stablecoin Earn (2025) — MetaMask's own stablecoin product.
  • Multi-chain expansion 2024-2025: Solana + Bitcoin + Monad + Sei added — transforms from Ethereum-only to multichain hub.
  • Joe Lubin (ConsenSys CEO) — Ethereum co-founder; one of crypto's most prominent figures.

Comparison

Feature MetaMask Trust Wallet Phantom [[coinbase-wallet]] Ledger Live
Operator ConsenSys Trust Wallet (independent post-May 2025) Phantom Inc. Coinbase Global (NASDAQ: COIN) Ledger SAS
Type Browser-extension + mobile self-custody Mobile-first self-custody Solana-native + multi-chain Self-custody Web3 Hardware-wallet companion
Users 143M total / 30M MAU 200M+ 15M+ MAU 3.2M MAU 7-8M
Multi-chain Yes (post-2024-2025: Ethereum + EVM + Solana + Bitcoin + Monad + Sei) 70+ chains 6 chains Multi-chain Multi-chain (hardware-signed)
Native stablecoin mUSD (2025) None None None None
Distinctive Web3Auth-onboarding + mUSD + Stablecoin Earn 70-chain breadth + Binance Buy+ Solana-heritage; Sequoia/Paradigm $3B valuation Smart Wallet (ERC-4337) + Base L2 Hardware-wallet security

Status

Active, leading Web3 wallet [1, 4]:

  • ConsenSys operator since September 2016.
  • 143M total users + 30M MAU.
  • June 2025 Web3Auth acquisition for seed-phrase-eliminating onboarding.
  • mUSD stablecoin + Stablecoin Earn.
  • Multi-chain hub (post-2024-2025: Ethereum + EVM + Solana + Bitcoin + Monad + Sei).

Sources

Source

Biography extracted from metamask.md. See matrix.md for standards-support matrix if present.

source · docs/wallets/metamask/index.md