Instagram certainly has something to boast about. The company has announced that its user base has doubled from 100 million to 200 million monthly active users in just over a year.

It’s no wonder that the photo sharing site has grown so much, what with 60 million photos shared everyday and 1.6 billion likes on photos daily, 50 million users having joined in the last 6 months and 20 billion photos shared on Instagram since its launch on October 6th 2010.

“From our team to all 200 million of you, thank you for making Instagram great. We can’t wait to see what you’ll create next,” Instagram says.

It seems like Facebook’s acquisition of Instagram has done it a lot of good.