According to a new survey conducted by blockchain analytics firm Nansen and on-chain UX platform Reown, 62 % of crypto users manage two or more wallets, an increase of 15 % from the same period last year.
According to a survey of 1, 000 effective crypto users in the U.S. and the UK, 48 % of people need to get various sites and stores using multiple cards.
44 % of crypto users use multiple wallets as a security measure, up from 32.8 % the year before, which is also becoming increasingly secure.
According to Reown CEO Jess Houlgrave, the study’s findings suggest that the crypto industry needs to concentrate on “making items simpler, safer, and more attached.”
More than a third ( 40 % ) of crypto users surveyed rated support for a wide range of tokens and chains as a key characteristic they sought in a crypto wallet.
” A rise in technology”
Houlgrave cited” a boom in development” in the maturing wallet ecosystem in the past year as notable accomplishments, including addressing user experience challenges posed by gas and solving liquidity fragmentation across chains. She also praised the positive steps being made to “ensuring that we can provide better UX AND better security” as well as “enabling smooth wallet and apps connectivity.”
However, the report also highlighted a lack of knowledge related to the most recent pocket technology. The majority of respondents were aware of smart cards, and 58 % were unaware of how they operate.
And while mobile wallets still account for the majority of crypto, with over half ( 51 % ) preferring them, a year ago, when 54.8 % preferred.
Hardware cards have taken up the slack, with one in ten people favoring the products, up 3 % from 2024.
According to Houlgrave, “people don’t want to completely alter how they interact with cards, software, or chains,” and they prefer” they want simple, quick experiences that fit into what they’re already doing.”
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