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Decentralized social platforms grow with 820M crypto wallets despite market downturn and protocol shifts.

Protocol Fundamentals
22 Mar 2026
Blockchain News
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Mask Network's analysis shows decentralized social infrastructure expanding with 17.76 million linked identities and over 820 million active crypto wallets worldwide by the end of 2025. Despite recent protocol changes like Farcaster's pivot and Lens Protocol's acquisition by Mask, the sector is evolving rather than dying, focusing on infrastructure over standalone apps. Growth in wallet users, especially in regions like Nigeria and Vietnam, indicates strong potential for decentralized social adoption. The market for decentralized identity is expected to surge, positioning Mask Network as a key infrastructure player moving forward.

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