Dash Growth in Latam Measured by Active Android Wallets

One way to measure the growth of Dash is by how many smartphones have active installs of our “official” wallets. In Latin America, we are seeing that 95% or more of users are installing Dash wallets on Android devices. So, it is reasonable to use active installs of the Dash Core Group’s Hash Engineering Dash wallet for Android as an interesting indicator of what is happening in a given part of the world with Dash.

This won’t track Core desktop wallet users or people using multi-coin wallets like Coinomi or Jaxx, but, in any case, Dash-funded organizations (DFOs) are going to be recommending our reference wallets to new users they onboard. At least that is what we, Dash Latam, do across Latin America.

This graph demonstrates the number of active Dash Android wallet installs as of the last day of each month from November 2018 through June 2019. As you can see, Venezuela (the red line) was trending downwards until Dash Latam took it onboard in March when the DAO funded us. I frankly find it hard to believe that our efforts are responsible for what is an 85% growth in active Android wallet installs in just 3 months. There must be something else going on.

But it’s not Dash Merchant Venezuela (DMV) or Dash Venezuela (DV), neither of which effectively exists anymore. It is not Dash Text, which installs its own wallet. It is almost certainly not Dash Help, which was inactive part of this time and which is an office-based support service, not a proactive marketing organization.

That said, Dash Latam is the only organization doing consumer adoption events among adults in Venezuela in 2019 as far as I am aware.

Venezuela is now the first and only national area in which we have more than 10,000 active Dash wallet installs.

We can also see steady growth for Colombia (the blue line) where Dash Latam is transitioning away from a majority merchant adoption focus to a majority consumer adoption focus. Watch our progress via our transaction tracker at

Mexico (the green line) is the control — perhaps what we can take as “organic” growth — and is ultimately a bit of a flat line. Peru (the orange line) now has more active wallets than Mexico, despite having one-fourth the population and one-fifth the GDP of Mexico, thanks to Dash Latam’s low-cost merchant-centric strategy for Dash mass adoption and our very small but hard-working Lima team.

Above is the data from which the above graph was created.

Here is some further analysis. On the left, you can see the cumulative change in active wallet installs per country between Nov 30 2018 and Jun 30 2019. On the right, you can see the change in active wallet installs in each market from the start of Dash Latam’s operations there until Jun 30 2019.

Here is a further analysis comparing the key results from above to the results of other national areas of note.

In this one we can see that the US is flat. In Germany, Russia and Thailand, we are losing ground. Nigeria is seeing interesting, if slow, growth. The next graph removes the top 3, Venezuela, the US and Colombia, in order to give a better look at the rest.

Russia and Germany here are clearly seen as roughly straight lines. Nigeria shows a clear upward trend. Mexico is flat, Thailand slightly declining. And we can see that Peru, which is a Dash Latam project not receiving earmarked funding from the DAO has passed Thailand and could soon eclipse Nigeria as well.

The top 20 national areas by active Dash Android wallet count as of Jun 30 2019 are:

In conclusion, I hope this information (kindly provided by Dash Core Group) and analysis (responsibility for which lies with me) is useful to decision-makers and partners in the Dash ecosystem.

By George Donnelly

I'm building a tribe of radical libertarians to voluntarize the world by 2064. Join me.

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