Top 5 Cryptocurrency Apps on Android in Nigeria Q2 2022

The second quarter of 2022 saw notable activity among the top 5 cryptocurrency apps on the Android platform in Nigeria. Here’s a breakdown of their performance based on data from Sensor Tower.

Trust: Crypto & Bitcoin Wallet exhibited a varied trend in weekly downloads, starting strong with around 34K downloads in early April and peaking at 35.9K mid-month. However, it saw a decline in May, reaching a low of approximately 20.2K in the week of May 23. Downloads picked up slightly towards the end of the quarter, ending June with about 24.9K. Active users also fluctuated, starting at 597K at the end of March and dropping to 366K by the end of June.

Cryptomania —Trading Simulator maintained a fairly consistent performance. Weekly downloads ranged from 15.8K to 35K, with a peak in early June. The app's revenue showed a slight increase in early May, peaking at $344, followed by a gradual decline to $190 by the end of June. Active users experienced a steady rise from 63.6K at the end of March to 82.1K by early June, then stabilized around 70K towards the end of the quarter.

Binance: Buy Bitcoin & Crypto had a relatively stable download rate, starting with 21.6K in late March and peaking at 33.3K in mid-April. Downloads gradually decreased to around 17.8K by the end of June. Active users saw a peak of 361K in early May before declining to around 261K by the end of the quarter.

Luno: Buy Bitcoin & Crypto experienced a decline in weekly downloads from 20.4K at the end of March to a low of 14.6K in late April. Downloads picked up again in June, reaching 22.9K by mid-month. Active users showed a peak of 251K in early May, followed by a decline to about 202K by the end of June.

MetaMask - Blockchain Wallet saw a significant increase in downloads in early April, peaking at 27.5K, before stabilizing around 8.5K towards the end of the quarter. Active users also increased initially, reaching 123K in mid-April, and then leveled off around 104K by the end of June.

These insights are derived from Sensor Tower data. For more detailed analysis and insights, visit Sensor Tower.