It was also revealed by the survey that increasing demand is being observed for cross-chain accessibility, stablecoins, and more secure users experiences.
It has been revealed through a recent survey carried out by the on-chain UX platform Reown, in collaboration with blockchain analytics firm Nansen, that two or more wallets are currently being managed by 62% of active cryptocurrency users.
A 15% rise since 2024 was noted in the report. When questioned about the reason, it was indicated by 48% of participants that separate wallets were required for various networks and chains, while 44% pointed to security concerns—a notable increase from the 32.8% reported in 2024.
However, challenges in managing and switching between wallets are still being encountered by 41% of users, and awareness of smart contract wallets has only been reported by 23.8%, with an even smaller portion actively utilizing them. These results suggest that although cryptocurrency adoption is expanding, there remains a strong need for platforms to be made more intuitive, secure, and accessible for users.
Bitcoin vs. Stablecoins: A Digital Currency Showdown
It was revealed in the study that 64% of respondents hold Bitcoin. Additionally, among those who joined in the past six months, 56% are owners of Bitcoin, outpacing Solana (22%) and memecoins (19%).
It was highlighted in the report that stablecoin ownership nearly doubled, increasing to 37% from 20% last year, indicating a growing user appetite for stable digital assets.
It is quoted in the report that Jeannie Lim, Head of APAC at Paxos, stated, “The growth observed in stablecoin use, whether for everyday payments or cross-border transfers, shows that digital currencies that are stable and predictable are trusted by people.”
According to the data, 72% of “Real Worlders” have used crypto for payments or peer-to-peer transactions within the past three months. Additionally, 53% have used it to purchase goods and services, and 29% mentioned that payments were their preferred on-chain activity.
