Crypto Wallet Fragmentation Grows: 62% Of Users Manage Multiple Wallets, Report Says
Posted On May 1, 2025
A new report has revealed that 62% of crypto users now manage two or more wallets, highlighting deep fragmentation in the on-chain user experience.
The report, by Reown and blockchain analytics firm Nansen, based on a YouGov survey and on-chain data analysis, paints a picture of a growing yet splintered ecosystem where complexity continues to outpace usability.
The survey sampled over 1,000 active crypto users across the U.S. and UK.
Findings indicate that users rely on multiple wallets due to interoperability gaps, security trade-offs, and limited feature consolidation.
Despite rising wallet adoption, 58% of respondents said they …
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