Top 5 Cryptocurrency Apps Performance in Nigeria for Q1 2022

In the first quarter of 2022, the top 5 cryptocurrency apps in Nigeria demonstrated interesting trends in downloads, active users, and revenue, according to Sensor Tower data.

Trust: Crypto & Bitcoin Wallet saw its weekly downloads fluctuate, starting at around 47K and peaking at 60K during the first week of January. By the end of March, downloads stabilized at approximately 36K. The app's weekly active users showed a general decline from 742K at the beginning of the quarter to a low of 569K in early March, before rebounding to 636K by the end of the quarter.

Cryptomania —Trading Simulator experienced a varied pattern in weekly downloads, beginning at 19K and reaching its peak at 48K in early February. By the end of March, downloads settled at around 23K. The app's weekly active users followed a similar trend, starting at 46K and peaking at 83K in early February, then stabilizing at 63K by the end of March. The weekly revenue for Cryptomania showed a steady increase, starting at $142 and reaching $264 by the end of the quarter.

Binance: Buy Bitcoin & Crypto maintained a relatively stable download rate, starting at 27K and ending at 29K. The app's weekly active users showed a slight decline from 385K to 351K throughout the quarter.

Luno: Buy Bitcoin & Crypto saw its weekly downloads grow significantly from 4.7K at the beginning of the quarter to a peak of 25K in mid-March, before closing the quarter at 21K. The app's weekly active users, however, showed a decline from 297K to 231K over the same period.

Coinbase: Buy Bitcoin & Ether had a steady download rate, starting at 10K and peaking at 21K in late January, before stabilizing at around 9.5K by the end of the quarter. The app's weekly active users increased from 72K at the start of the quarter to a peak of 91K in late January, then settled at 78K by the end of March.

For more insights on app performance, visit Sensor Tower.