Are We Ready for 100 Million Onchain Users

The onchain user experience remains fragmented and friction-filled. 48% have multiple wallets, transactions require an average of five approvals and three gas fees, and despite 54% having used crypto for payments, only 12% call it their favorite use case. While 69% of users report feeling safe onchain, 21% have been phished in the past year. Chains continue to specialize, with Ethereum for settlements, Solana for speed, Base for experimentation, and BNB for exchange-centric services. To onboard the next 100 million users, chain complexity must be abstracted, and security measures must be improved. There should be user interfaces for novice and professional users.