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Majority of Cryptocurrency Users Handle Two or More Digital Wallets: Survey Reports
A groundbreaking recent study by blockchain analytics firm Nansen and User Interface (UI) powerhouse Reown reveals an astonishing 62% surge in the number of crypto enthusiasts managing multiple digital wallets, marking a 15% increase from the preceding year.
The comprehensive survey quizzed 1,000 active cryptocurrency users hailing from the US and UK, shedding light on the often-fragmented landscape of the crypto world. According to the findings, nearly half (48%) of all crypto adopters require multiple wallets to access distinct networks and blockchains.
However, the cryptosphere appears to be maturing in terms of user security, with a significant 44% adoption rate for security-conscious users employing multiple wallets, representing a 12% jump from the prior year.
"Crypto's future relies on making things less complex and more connected," asserts Reown CEO, Jess Houlgrave, echoing the report's challenging call to action. The enthusiasm for simplified user experiences is evident, with over a third (40%) of the respondents prioritizing support for a broad spectrum of tokens and chains on their preferred wallet.
Houlgrave championed a "burst of innovation" in the past year, citing the resolution of liquidity fragmentation across chains and addressing gas-related user experience hurdles as commendable advancements. She also praised the strides made in fostering seamless app and wallet compatibility, as well as efforts to ensure improved user interfaces and increased security for all users.
The study also uncovered an educational deficit surrounding modern crypto wallet technology. A staggering 58% of users remain clueless about the intricacies of smart wallets, and while mobile wallets remain the preferred option for more than half (51%) of users, this figure fell from 54.8% the year before.
Conversely, hardware wallets have gained a foothold, with one in ten users opting for these devices, a 3% increase from 2024. Houlgrave clarifies the user's desire for simple, swift, and familiar experiences, rather than a significant overhaul of their interaction patterns.
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Behind the Scenes:
Reown CEO Jess Houlgrave pinpoints three key innovations that are shaping the future of crypto wallet usability:
- Gasless Transactions: Applications now assume payment of transaction fees on behalf of users, eliminating the headache of managing gas fees, especially for newcomers unaccustomed to blockchain mechanics.
- Chain Abstraction: Reown's solution enables cross-chain interoperability, letting users seamlessly navigate between different blockchains without needing to manually manage assets.
- Embedded Wallets: Reown endeavors to integrate wallet functionalities directly into apps, eradicating reliance on seed phrases and standalone wallet interfaces, thus reducing barriers to entry for both everyday users and institutions.
Further advancements pointed out in Reown's 2025 report include AI-backed features, such as phishing protection and intelligent transaction routing, in addition to increasing stablecoin adoption (37%, up from 20%) and multi-wallet adoption (uplift of 16%)[3][5]. These advancements are designed to uphold user-friendly interfaces while preserving the decentralized essence of cryptocurrency[1][4].
- The recent surge in the number of crypto enthusiasts managing multiple digital wallets reached an astounding 62%, as revealed by a comprehensive study by Nansen and UI powerhouse Reown.
- The cryptosphere is maturing in terms of user security, with a significant 44% adoption rate of security-conscious users maintaining multiple wallets, representing a 12% increase from the previous year.
- Reown CEO, Jess Houlgrave, emphasized a "burst of innovation" in the past year, highlighting the resolution of liquidity fragmentation across chains and improved user interfaces as commendable advancements.
- The study also uncovered an educational deficit surrounding modern crypto wallet technology, with 58% of users remaining unaware of the intricacies of smart wallets.
- Houlgrave also pointed out that hardware wallets have gained a foothold, with one in ten users opting for these devices, marking a 3% increase from 2024.
- In the Reown 2025 report, further advancements include AI-backed features such as phishing protection and intelligent transaction routing, aimed at improving user-friendly interfaces while preserving the decentralized essence of cryptocurrency.
- Three key innovations shaping the future of crypto wallet usability, as pinpointed by Reown CEO Jess Houlgrave, are gasless transactions, chain abstraction, and embedded wallets, all designed to eradicate barriers to entry for both everyday users and institutions.
