According to Finbold, between January 2022 and October 2022, an estimated 102.06 million crypto wallets were downloaded to Android and iOS devices (counting a total of 21 selected apps that enable digital currency storage). This value is down 42.37% from the 177.85 million downloads in 2021. Notably, last year’s numbers represented the highest annual crypto wallet downloads ever recorded, a 453.12% increase from 2020’s 32.95 million.

Elsewhere, January 2022 saw the highest number of downloads at 16.11 million, compared with 8.7 million in the most recent month, October. July had the fewest downloads at 7.29 million. It is worth noting that wallet downloads do not necessarily represent the entry of new users. Sometimes individual investors can have multiple wallets under the same device.