Most Common Transactions

    What are the most common transactions for Metamask users? Create an analysis that shows the most common wallet activities and the most common platforms for those activities.

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    By Label Type

    Let's first look at what are the main label types by transaction count of Metamask wallets that have interacted with the Metamask swap contract.

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    Token and dapp are quite general, but they do give us a general idea of what Metamask wallet users choose to interact with the most. That is dapps then dexs specifically, nfts and bridging in and out of L2s for airdrops, liquidity incentive mining programs or just cheaper transaction fees.

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    By label

    Let's look at the Top 50 labels by the number of transactions.

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    What we can see here is that the majority of users are interacting with Uniswap which is under the dex label type, Hop Protocol to bridge in and out of L2s, under the layer2 label type, OpenSea as their primary NFT marketplace as well as Sushiswap, which is also under the dex category.

    A lot of users are also choosing to swap in and out of WETH as it's also the main token used to bridge into L2s, buy nfts and provide liquidity to LPs.