MetaMask Launches EOS Wallet, Connecting 30 Million Users to EOS Network
The Greymass team, specializing in web3 development, has launched the EOS Wallet through the MetaMask wallet. This initiative provides a gateway to the #EOS network via MetaMask Snaps, allowing developers to create plugins that extend MetaMask’s functionality beyond the Ethereum network.
The EOS wallet snap enables users to interact with the Unicove platform and other EOS-based decentralized applications, granting over 30 million monthly active MetaMask users seamless access to the EOS web3 ecosystem. The Greymass team received part of the 15 million EOS coins approved by the community for facilitating the adoption of EOS products.
Key Features of the EOS Wallet Under MetaMask
The EOS wallet includes features designed for global crypto users to engage with the EOS network easily. MetaMask users can stake their EOS on Unicove with minimal friction and create an EOS account through Unicove. Users can also sign transactions and participate in the RAM market. The EOS Wallet underwent an audit by Cure53, recommended by MetaMask for snap wallets, ensuring strong security.
Additional benefits for Web3 developers include tools like Wharf that enhance Dapp functionality. The Greymass team plans further updates to improve user experience with these integrations.
MetaMask integration is now LIVE on EOS! 🦊🚨@MetaMask users can easily install the EOS Wallet and create an $EOS account directly within MetaMask using the companion dapp, Unicove.
With EOS Wallet installed, MetaMask users can:
🔸 Create an EOS account on Unicove
🔸 Sign… https://t.co/Vd8TYqQurc pic.twitter.com/XUR8HOaab2— EOS Network (@EOSNetworkFDN) December 19, 2024
Market Impact
The EOS ecosystem demonstrates significant potential for attracting users and investors amid the growing mainstream adoption of digital assets and Web3 protocols. Currently, the EOS network has a total value locked of approximately $187 million and a stablecoin market cap of about $10 million.
The MetaMask and EOS integration will facilitate user access to DeFi projects such as EOS REX for lending, DefiBox DEX, and PayCash DEX. This collaboration may contribute to a bullish recovery for EOS prices.
According to CoinMarketCap data, EOS price increased over 29 percent in the past four weeks, trading at around 83 cents. With a fully diluted valuation of approximately $1.7 billion and a 24-hour average trading volume near $373 million, EOS has been forming a bullish flag, indicating potential for a significant price surge toward its all-time high soon.