Fragmentation and complicated user experience remain two of the most significant obstacles to cryptocurrency’s mainstream adoption, according to a new industry report. Most users now use at least two wallets to manage their cryptocurrency investments.
The lack of interoperability across blockchains means users need to create multiple wallets to interact with different networks, with users having at least two wallets rising by 16% over the past year.
According to a research report published by onchain user experience platform Reown and crypto intelligence firm Nansen, 62% of crypto users reported using at least two wallets over the past three months, up from 45% in 2024.
More than 18% of respondents said security was their top concern related to wallet use, while 10.6% cited poor user experience as the biggest issue.
Wallet usage over the past 3 months. Source: Nansen, Reown
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-volatility-563-day-low-hayes-predicts-1-m-btc-2028"