Majority of Crypto Users Now Manage Multiple Wallets: Reown Report

A new survey conducted by on-chain UX platform Reown with support from blockchain analytics firm Nansen reveals that 62% of active crypto users now manage two or more wallets. This marks a 15% increase since 2024, the report revealed. When asked why, 48% of respondents said they need different wallets for different networks and chains, while 44% cited security – a significant jump from 32.8% in 2024. However, 41% of users still face difficulties managing and navigating between wallets, and only 23.8% are aware of smart contract wallets, with even fewer actively using them. These findings show that while crypto usage is growing, users need platforms to become simpler, safer, and more user-friendly. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant