Singapore's most downloaded crypto wallets include Crypto.com, Metamask, and Binance - although the latter was impacted substantially in 2022. These figures were gathered according to estimates based on the downloads of 25 different apps that focus on digital assets since 2015 - and that attracted the highest average amount of downloads per day since the initial release of the app. Up until February 2022, Binance consistently ranked among the most downloaded crypto apps in Singapore. Downloads stopped during that month, however, as a ban came into effect because the company had withdrawn its crypto exchange license within the country. This consequently led to an increase in the number of downloads of two sub-versions of Binance: Binance TR, the exchange from Turkey, and Binance Custody, an institutional investor variant of the platform.
Number of downloads of 25 apps for decentralized digital assets - cryptocurrency, DeFi, NFT, Web3 (metaverse) - in Singapore from January 2015 to July 2022
The 25 apps shown here are the largest in the country based on average downloads per day since initial release; Numbers are interactive: Clicking on the name reveals or removes that app from the graphic
Supplementary notes
Numbers have been gathered and sorted by Statista, based on the number of downloads per day since the app's initial release date. Sorting them in this way accounts for crypto wallets that appeared from 2020 onwards and became popular overnight - which would not reveal themselves when sorting via a metric that measures "lifetime" downloads.
The numbers provided do not include decentralized exchanges such as UniSwap, certain blockchain games like Axie Infinity, NFT collections such as Bored Ape Yacht Club or decentralized metaverses like Decentraland, as all of these are not available in the Google Play Store or Apple's App Store.
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Statista. (August 29, 2022). Number of downloads of 25 apps for decentralized digital assets - cryptocurrency, DeFi, NFT, Web3 (metaverse) - in Singapore from January 2015 to July 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1329807/digital-asset-wallet-downloads-in-singapore/
Statista. "Number of downloads of 25 apps for decentralized digital assets - cryptocurrency, DeFi, NFT, Web3 (metaverse) - in Singapore from January 2015 to July 2022." Chart. August 29, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1329807/digital-asset-wallet-downloads-in-singapore/
Statista. (2022). Number of downloads of 25 apps for decentralized digital assets - cryptocurrency, DeFi, NFT, Web3 (metaverse) - in Singapore from January 2015 to July 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1329807/digital-asset-wallet-downloads-in-singapore/
Statista. "Number of Downloads of 25 Apps for Decentralized Digital Assets - Cryptocurrency, Defi, Nft, Web3 (Metaverse) - in Singapore from January 2015 to July 2022." Statista, Statista Inc., 29 Aug 2022, https://www.statista.com/statistics/1329807/digital-asset-wallet-downloads-in-singapore/
Statista, Number of downloads of 25 apps for decentralized digital assets - cryptocurrency, DeFi, NFT, Web3 (metaverse) - in Singapore from January 2015 to July 2022 Statista, https://www.statista.com/statistics/1329807/digital-asset-wallet-downloads-in-singapore/ (last visited November 21, 2024)
Number of downloads of 25 apps for decentralized digital assets - cryptocurrency, DeFi, NFT, Web3 (metaverse) - in Singapore from January 2015 to July 2022 [Graph], Statista, August 29, 2022. [Online]. Available: https://www.statista.com/statistics/1329807/digital-asset-wallet-downloads-in-singapore/
