A recent survey conducted by Nansen and Reown revealed that 62% of cryptocurrency users now manage two or more wallets, indicating a 15% increase from the previous year. The study, which involved 1,000 active crypto users in the U.S. and UK, highlights the fragmented nature of the crypto ecosystem, with 48% of users resorting to multiple wallets to access various networks and chains. Security concerns have also driven this trend, with 44% of users utilizing multiple wallets as a security precaution, a significant rise from the previous year. The report emphasizes the need for the crypto industry to prioritize simplicity, safety, and connectivity. Users are seeking streamlined experiences, particularly in terms of supporting a wide range of tokens and chains. While mobile wallets remain popular, hardware wallets are gaining traction. The industry is evolving to address liquidity fragmentation and enhance user experience, with a focus on improving both UX and security. Read more AI-generated news on: https://app.chaingpt.org/news