MetaMask: The Number One Hot Wallet in the Market
MetaMask is the number one hot wallet on the market and with over 22.66 million installs and users of the app, according to CoinGecko latest report.
Hot Cryptocurrency Wallets
According to CoinGecko, MetaMask is the most popular “hot wallet” for self-incubation with 22.66 million installations or users. These numbers outweigh Coinbase wallet, the second most popular wallet, which has 11 million installs, by over 100%.
The challenges of wallet hacking and digital asset theft have led to warnings about the use of hot cryptocurrency wallets, but their ease of use has made them the go-to option for most scammers.
Hot wallets are also considered more convenient and easy to access. On the other hand, cool wallets are often seen as a safer option, but they can be difficult to navigate.
The Rankings
According to CoinGecko, the top three wallets are MetaMask, Coinbase Wallet, and Trust Wallet.
MetaMask was launched in 2016 by ConsenSys as an Ethereum (ETH) wallet, while Coinbase Wallet belongs to the US-based central exchange Coinbase.
Trust Wallet, launched in 2017 and acquired by Binance in 2018, comes in third with 10.40 million installs and users.
The top ten contenders on the list also include Blockchain.com Wallet, Crypto.com Wallet, and Phantom, collectively boasting around 61.92 million installs.
