Basri Caneri 
MetaMask, one of the most popular wallets in the crypto world, is preparing to offer Solana and Bitcoin support by increasing access to assets outside the Ethereum network. According to the company’s announcement, the wallet will be compatible with the Solana ecosystem starting in May and will start supporting Bitcoin between July and September.
This move will allow MetaMask users to transact not only on Ethereum and EVM-compatible chains, but also on different blockchains. With Solana support, users will be able to access decentralized applications (DApp) and exchange SOL for other tokens. Bitcoin integration will allow users to store their BTC directly in MetaMask wallets.
Changing Dynamics in the Crypto Ecosystem
MetaMask has long been known as one of the most preferred wallets for Ethereum and EVM-compatible networks (Avalanche, Binance Smart Chain, etc.). Recently, however, there has been a major resurgence in the Bitcoin and Solana ecosystems.
Especially Bitcoin Runes memecoin projects and Ordinals NFTs have increased investor interest, while Solana has started to surpass Ethereum in the number of daily active users. Blockchain analytics company Chain Catcher announced last month that the number of daily active users on the Solana network is nearly double that of the Ethereum ecosystem.
This shift is encouraging wallet providers to increase multi-chain support. MetaMask has also decided to support Solana and Bitcoin to expand its user base and adapt to evolving market conditions.
New Balance in Wallet Competition
Increased activity in the Solana and Bitcoin ecosystems has also increased interest in wallets that support multi-chain.
- Phantom has grown 1400% in the last two years to 15 million monthly active users, driven by strong interest from Solana users.
- Coinbase Wallet has nearly doubled its user base over the same period.
MetaMask’s Solana and Bitcoin integration aims to both offer a broader ecosystem to its existing users and attract Solana and Bitcoin investors to its platform.
In particular, the launch of Solana integration in May and Bitcoin support in the second half of the year is seen as an important step towards making MetaMask a global wallet that supports not only Ethereum but also multi-chain.
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