MetaMask Expands Support to Bitcoin and Solana, Boosting Web3 Accessibility

The popular Ethereum-focused cryptocurrency wallet MetaMask is about to integrate Bitcoin (BTC) and Solana (SOL) to increase its functionality. According to Consensys, the wallet’s developer, Solana support—its first integration with a non-Ethereum Virtual Machine (EVM)—will launch in May. In Q3, Bitcoin support is anticipated to follow.

Users can now engage with two of the biggest blockchain ecosystems without depending on outside services thanks to this extension. MetaMask strengthens its position as a top multi-chain wallet and improves cross-chain functionality by introducing native compatibility for SOL and BTC.

Solana reacted favorably to the news, rising 7.5% in spite of general market swings. As of this writing, SOL is the sixth-largest cryptocurrency by market capitalization, trading at $147.49.

MetaMask’s Growth and Strategic Partnerships

MetaMask has seen remarkable growth in its user base. According to Consensys, monthly active users (MAUs) jumped from 19 million in September 2023 to over 30 million by January 2024—an increase of more than 55%. This figure nearly matches the wallet’s all-time high of 31.7 million recorded in January 2022.

Additionally, MetaMask has teamed up with Robinhood, a retail trading platform, to improve its ecology. Through this partnership, consumers may purchase cryptocurrency straight from their wallet by utilizing Robinhood’s order execution technology, which increases accessibility and liquidity.

In regulatory news, the complaint against Consensys was recently withdrawn by the U.S. Securities and Exchange Commission (SEC). A legal success for the blockchain company was achieved when the SEC dropped its earlier accusation that MetaMask was acting as an unregistered securities broker.

MetaMask keeps up its leadership in Web3 adoption with its developing blockchain integrations, strategic alliances, and rising user base.