The number of MetaMask users who are active on a monthly basis has increased by almost double, from around 19 million in September 2023 to over 30 million currently. Is the surge in activity surrounding non-custodial activities like DeFi and NFT minting a strong indication of growth potential? Can DeFi be expected to experience significant growth? MetaMask is gaining more users. A crypto analyst on X, referring to information from Blockworks, observed the increasing usage of MetaMask, suggesting a resurgence in the overall crypto market, particularly on networks like Ethereum. It is important to mention that the growing number of MetaMask users aligns with the improvement in Bitcoin and Ethereum prices from the end of Q3 2023 through Q4 2023. The price of Ethereum is showing an upward trend on the daily chart according to data from ETHUSDT on Binance, TradingView. At the time of writing, Ethereum, the second most valuable cryptocurrency based on market capitalization, is trading at approximately $3,000. Traders and supporters are feeling positive and anticipate further price increases in the upcoming sessions. Confidence mainly comes from continuous improvements in the network, such as the upcoming launch of Dencun on the mainnet. Additional Reading: Bitcoin booming: Numbers show strong interest in ETFs as performance reaches new highs. Another factor is the increase in decentralized finance (DeFi) activity, with total value locked (TVL) nearly doubling from $40 billion to over $74 billion by mid-February 2024, according to data from DeFiLlama.