MetaMask, the popular Ethereum wallet, is expanding its capabilities. Get ready for native Bitcoin (BTC) and Solana (SOL) support later this year!
Solana Coming Soon
Solana support is slated for May. This is a big deal because it’s MetaMask’s first foray into supporting a blockchain that doesn’t use the Ethereum Virtual Machine (EVM). This means users will be able to interact with Solana directly within the MetaMask wallet. Incidentally, Solana’s price jumped 7.5% on Friday, trading at around $147.49 at the time of writing.
Bitcoin Support on the Horizon
Bitcoin integration is planned for sometime in the third quarter of the year. This will allow MetaMask users to manage their Bitcoin directly within the wallet, making it a more versatile tool for cryptocurrency management.
MetaMask’s Growing Popularity
These updates come as MetaMask enjoys a surge in popularity. The number of monthly active users jumped from 19 million in September 2023 to over 30 million in January 2024 – a more than 55% increase! This nearly matches their all-time high of 31.7 million users.
Partnerships and Legal Wins
MetaMask recently partnered with Robinhood, allowing users to buy crypto directly through the wallet. They also had a legal victory, with the SEC dropping a lawsuit against their developer, Consensys. The SEC had initially claimed MetaMask was operating as an unregistered securities broker.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before investing in cryptocurrencies.
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