Solana Leads Crypto Wallet Market in 2024 with 54% Daily Active Users
Solana leads the crypto wallet market in 2024, with 54% of daily active wallets. Africa is poised for significant growth, while specialized crypto wallets are emerging to cater to specific user needs. The 'Crypto Wallets 2025' report by Dune provides insights into these trends.
The crypto wallet landscape is evolving rapidly. As of 2024, Solana is the leader in active users and retention, with 54% of daily active crypto wallets. This is a significant shift from previous years.
Account Abstraction (AA) is gaining traction on Ethereum. ERC-4337 wallets, which support AA, are outpacing traditional Externally Owned Accounts (EOAs) in monthly growth. This indicates a shift towards more flexible and user-friendly crypto wallet options.
Mobile-first user experiences and embedded crypto wallets within apps are dominating onboarding flows. This is likely driven by the increasing use of mobile devices for crypto transactions.
Africa, particularly Nigeria, is showing strong potential for crypto wallet providers. Nigeria accounts for a commanding 12.7% share of MetaMask users, thanks to its thriving crypto economy and youth-driven innovation.
The growth in crypto wallet creation is explosive. Over 1.6 billion wallets have been created across various chains, with 80% minted since 2022. Airdrops remain a primary growth lever, but retention post-airdrop continues to be a challenge.
Specialized crypto wallets are emerging to cater to specific user needs. These include smart contract wallets, gaming wallets, social wallets, and L2-native wallets. This shift reflects the diverse use cases of crypto wallets today.
The crypto wallet industry is experiencing significant growth and evolution. Solana leads in active users, while Africa represents the next major growth wave. Specialized crypto wallets are emerging to cater to diverse user needs. The 'Crypto Wallets 2025' report by Dune provides a comprehensive view of these trends and the industry's future.
