What Is MetaMask?

MetaMask is a free web and mobile crypto wallet that allows users to store and swap cryptocurrencies, interact with the Ethereum blockchain ecosystem, and host a growing array of decentralized applications (dApps). It is one of the most widely used crypto applications in the world. Over ten million active monthly users logged into MetaMask in August of 2021.

MetaMask has three primary uses: storage, swaps, and dApp access. Collectively, these functions encompass everything a normal crypto user would likely ever need to interact with Ethereum.

How Does MetaMask Work?

What Advantages Does Metamask Have?

One of the biggest advantages of Metamask is that it is popular, which means that it is commonly used, and you will only need one plug-in in order to access a wide range of apps.

It is also simple. Instead of having to manage a private key, all you need to do is remember a list of words, and transactions are signed on your behalf.

Another advantage of Metamask is that it saves space. You don’t have to download the Ethereum blockchain, because it sends requests to nodes that are outside of your computer.

Lastly, Dapps are designed to work with it, which means there is going to be a lot easier to send Ethereum in and out.

How many users are swapping via MetaMask vs other platforms?

The chart below shows the total weekly users that swapped via MetaMask and other platforms over the last three months.

According to the chart:

• Most users swapped with UniSwap.

• The highest amount of users that swapped with Uniswap was about 71.5K between March 28th and May 4th, and the lowest number of users amount was about 12.5K.

• The highest amount of users that swapped with Sushi was about 12.5K from May 9th till May 16th, and the lowest users amount was about 2K.

• The highest amount of users that swapped via MetaMask was about 19K from March 28th till May 4th, and the lowest number of users was about 3.4K.

How much volume have these users done?

The chart below shows the total weekly volume on MetaMask and other platforms over the last three months.

According to the chart:

• The most volume was on UniSwap.

• The highest volume on Uniswap was nearly 1.2B on May 9th till May 16th, and the lowest volume was about 68M.

• The highest volume on MetaMask was nearly 257M on May 9th till May 16th, and the lowest volume was about 68M.

• The highest volume on Sushi was nearly 1.2B on May 9th till May 16th, and the lowest volume was about 68M.

The chart below shows the total weekly swaps on MetaMask vs other platforms over the last three months.

According to the chart:

• The highest number of swap on Sushi was about 25.4K and the lowest number of swap was about 3.5K.

• The highest number of swap on UniSwap was about 190K and the lowest number of swap was nearly 22K.

• The highest number of swap on UniSwap was 26.6K and the lowest number of swap was more than 4.1K.

The chart below shows the weekly average volume on MetaMask vs other platforms over the last three months.

According to the chart:

• The most average volume on Sushi was about 24.2K and the least average volume was nearly 7.5K.

• The most average volume on UniSwap was about 11.8K and the least average volume was nearly 3.8K.

• The most average volume on MetaMask was 12.2about 11.8K and the least average volume was about 2.K.

Comparison of fees

The chart below shows the total Average fee per week over the last three months.

According to the chart:

• The highest Fee average on MetaMask was 0.018 From May 9th till May 16th.

• The highest Fee average on SushiSwap was 0.03 also From May 9th till May 16th.

• The highest Fee average on UniSwap was 0.018 also between May 9th and May 16th.

Sources:

• https://www.gemini.com/cryptopedia/what-is-metamask-how-to-use-metamask-extension

• https://earthweb.com/metamask-statistics/#:~:text=Metamask%20is%20the%20leading%20self%2Dcustodial%20wallet%20which%20means%20that,%2Dto%2Dpeer%20token%20swapping.

• The first part written by help Farsi community

• The fees part is written by help masi#0814

Twitter : hadi3_bgh

Discord : hadiseb#1688