Cryptocurrencies have been around for such a long time it’s easy to get bored of listening to the same ideological story and we all also remember the hype and the scams of 2017.
The times are finally changing and I believe there’s sufficient data to demonstrate credibility and real traction.
Here’s a snapshot of crypto adoption in finance over the last 9 months alone.
This data speaks for itself and doesn’t take into account broader adoption beyond finance across social media, gaming etc (additional 400mn+ users). This is the ‘external’ interest in the space, while the growth within has been exponential.
These are just those who are using ‘Decentralised Finance’ solutions (so-called DeFi), while the most popular crypto wallet Metamask now has 1mn+ monthly active users (MAU)…
… and Brave - a web browser with embedded crypto functionality - has 20mn+ MAU
This is the first time in crypto’s history where the technology platform / network is being used for the sake of actual products and not just speculation; the exponential user growth is happening across multiple use-cases and institutional adoption has shifted from denial / dismissal towards active exploration beyond ‘proof of concept’ projects.
Now is the time to pay attention and stay up to speed with DeFi innovation, new challenges it presents and new horizons it opens.