According to recent data, the number of Coinbase Smart Wallet accounts has exceeded one million, demonstrating significant growth in interest towards decentralized finance (DeFi).
Account Growth
Coinbase reported that Smart Wallet account creations have surpassed one million. This surge was particularly notable on August 16, 2025, when 270,000 new accounts were created. *"Coinbase’s Smart Wallet initiative has reached a significant milestone, surpassing 1 million total wallet accounts created,"* stated the company on their blog.
Impact on DeFi and Crypto Assets
This increase indicates a significant rise in DeFi activity, positively influencing assets such as ETH, USDC, and various ERC-20 tokens. The influx of users is seen as encouraging for overall on-chain liquidity and decentralization.
Expert Predictions
Experts suggest that the growth in account numbers could lead to increased total value locked (TVL) within the Base ecosystem. *"The rapid onboarding signals a likely increase in television value locked and liquidity on Base,"* noted one analyst. Historical parallels can be drawn with other Layer 2 solutions such as Arbitrum and Optimism, which also experienced similar adoption phases.
The rising popularity of Coinbase Smart Wallet underscores the trend of increasing interest in decentralized financial solutions. Simplifying access and integrating new functionalities may further foster development in this area.
