The widely-used Ethereum (ETH)-centric crypto wallet MetaMask is set to roll out native support for Bitcoin (BTC) and Solana (SOL) in the upcoming months.
This week, MetaMask revealed that it would be incorporating Solana in May, marking the wallet’s inaugural native support for a non-Ethereum Virtual Machine (EVM).
The initiative aims to offer Bitcoin compatibility sometime during Q3.
SOL showcased resilience in a fluctuating crypto market on Friday, climbing by 7.5%. As of this writing, the sixth-largest cryptocurrency by market capitalization is trading at $147.49.
MetaMask unveiled these new functionalities alongside a rapidly expanding user base. In a February announcement, the wallet’s developer, Consensys, stated that the project’s monthly active users (MAU) jumped from 19 million to over 30 million from September 2023 to January 2024 — an increase exceeding 55%.
The current number of monthly active users is nearly at MetaMask’s historical peak of 31.7 million, which was noted in January 2022.
Recently, the wallet also formed a partnership with retail trading behemoth Robinhood, allowing MetaMask users to buy crypto assets directly within the wallet via Robinhood’s order engine.
Furthermore, the U.S. Securities and Exchange Commission (SEC) has recently decided to drop its lawsuit against Consensys after taking legal action against the blockchain software company over MetaMask last year. The regulator had alleged that the wallet functioned as an unregistered securities broker.
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