These ETH addresses are not all Metamask wallets. There are about 20 million monthly Metamask wallets, according to this website: , which I searched for online.

The amount listed above represents roughly 6% of the 20 million people mentioned in the article above. The fact that Metamask wallets don't use their swap feature frequently and instead choose to use other platforms may be due to the higher cost of the Metamask swap feature.

The total number of Metamask wallets cannot therefore be accurately estimated by the aforementioned number. And it's more accurate to say: There are 1.29 million wallets using Metamask's switch capability.

The open platform provided by MetaMask is crucial in encouraging developers to create decentralized applications (dApps) on Ethereum. Metamask is pre-loaded with quick connections to Ethereum and many test networks via Infura for developers creating a dApp. Due to these pre-existing connections, developers can start creating new dApps on Ethereum without having to install and maintain a full network node. Whether they are developing a basic, browser-friendly user interface (UI) or a fully-fledged, mainnet-ready dApp that will support a completely new decentralized market, this can be helpful for bootstrapped entrepreneurs who want to build right away.

Additionally, the program makes it simpler for developers to construct new applications that are intended to function within conventional browsers because MetaMask extensions are compatible with well-known browsers like Chrome, Firefox, and Safari. Thus, MetaMask plays two roles in facilitating the adoption of dApps: It offers a platform via which customers can access dApps and makes it easier for developers to accelerate the process of bringing those programs to market.

Your personal information is not accessible to the MetaMask extension directly, but it may be accessible to the web browser you use to access it. In addition, most browsers are built to track when and how you use any integrated apps or plug-ins, even though they won't have access to your secret passphrases or other sensitive information. Additionally, although still improbable, the theft of this information is still theoretically conceivable because MetaMask keeps private keys inside the user's browser.

Since we define Metamask wallet as a wallet that has interacted with the Metamask Swap Router, the result indicates that Swap has 100% engagement.

The highest engagement is followed by Transfer > Deposit > Withdraw >= Claim > Mint > Stake (in descending order).

About 1.27 million, or 1.76% of all Ethereum wallets, are Metamask wallets.

0.92 ETH on average are stored in Metamask wallets.

The top 8.85% of wallets hold ETH for investment, while 41.15% of them are dead wallets and 50% only hold it to pay gas fees.

Swap (100%), Transfer (62%) and Deposit (43%) are the top activities, followed by Withdraw (30%), Claim (29%) and Mint (25%) and Stake (21%).

Peer-to-peer (P2P) token swaps can be carried out using MetaMask's trade function right from your wallet. These swaps combine information from many DEXs, DEX aggregators, and automated market makers in place of transacting through an order book, exchange, or decentralized exchange (DEX) liquidity model (AMMs). Users can trade cryptocurrencies directly using MetaMask swaps instead of through any other custodian or intermediary platforms, which lowers fees, friction, and slippage.

Access to dApps: MetaMask users can utilize the wallet to gain direct access to a variety of dApps built on Ethereum, as well as NFTs, crypto lending services, games, and more. The built-in cryptocurrency wallet in MetaMask also makes it simple for users to spend, send, or stake their cryptocurrency anywhere in the Ethereum ecosystem without needing to handle integrations with additional wallets or pointless transactions. As a result, MetaMask offers customers a direct access point into the DeFi industry as well as other blockchain-based industries and services. Integrations with Binance Smart Chain are now possible thanks to an update to MetaMask (BSC). As a result, users are now free to swap between their Ethereum and Binance cryptocurrency wallets, trade on DEXs from either network (but not concurrently), and access dApps from both ecosystems. Although MetaMask initially concentrated on developing for Ethereum, the move to open access to other blockchain networks highlights its primary objective of creating an open and linked Web3 ecosystem.

Metamask is pre-loaded with quick connections to Ethereum and many test networks via Infura for developers creating a dApp. Due to these pre-existing connections, developers can start creating new dApps on Ethereum without having to install and maintain a full network node. Whether they are developing a basic, browser-friendly user interface (UI) or a fully-fledged, mainnet-ready dApp that will enable a completely new decentralized market, this might be helpful for bootstrapped entrepreneurs that want to build right away.

Additionally, the program makes it simpler for developers to construct new applications that are intended to function within conventional browsers because MetaMask extensions are compatible with well-known browsers like Chrome, Firefox, and Safari. Thus, MetaMask plays two roles in facilitating the adoption of dApps: It offers a platform via which customers can access dApps and makes it easier for developers to accelerate the process of bringing those programs to market.

In 2020,

Conclusion

With the ability for users to communicate with other platforms, the Metamask wallet has grown to be a very appealing and well-liked wallet. The swap volume of this wallet has reached approximately 1.5 billion dollars in the last two years, as we have seen from looking at interactions with just two platforms. Months. And this wallet has received over 600,000 swap transactions. Additionally, this wallet's average volume of swaps in transactions with just two platforms was around 23 million dollars. With its many features, Metamask appears to be the Ethereum network's most popular wallet. Users use it for a variety of purposes.

On the Ethereum blockchain, MetaMask offers a quick and flexible way to store cryptocurrency, exchange tokens, and engage with dApps and other decentralized services. The MetaMask team is moving beyond the confines of the Ethereum ecosystem in order to accelerate the development of a larger decentralized internet by extending the platform's capabilities to include Binance Smart Chain.

Introduction

Describe MetaMask. MetaMask is a free cryptocurrency wallet available on the web and for mobile devices that enables users to exchange and store cryptocurrencies, engage with the Ethereum blockchain ecosystem, and host an expanding number of decentralized applications. One of the most popular crypto applications exists today. In August 2021, there were over 10 million active monthly users of MetaMask.

In earlier iterations, MetaMask was only accessible through Firefox and Chrome desktop browser plugins; however, in September 2020, MetaMask Mobile was made available for both Android and iOS-powered mobile devices. Due in part to its user experience (UX) and regular updates, MetaMask quickly became the industry standard for self-managed, non-custodial cryptocurrency wallets. By streamlining and streamlining the Ethereum user experience into a single straightforward wallet interface, it has significantly raised the bar for usability in blockchain and cryptocurrency technology, laying the groundwork for the explosive growth of industries like decentralized finance (DeFi) and non-fungible tokens (NFTs). The Functions of MetaMask

Storage, swaps, and dApp access are MetaMask's three main applications. Together, these features cover all of the interactions with Ethereum that a typical cryptocurrency user is likely to ever require.

Crypto storage: Users can easily create and switch between multiple wallet addresses within the app. MetaMask's built-in crypto wallet can be used to store tokens that are based on Ethereum's ERC-20 and ERC-721 token standards. Users can securely store their wallet passwords and private keys within their own browser using a MetaMask extension thanks to the application's cutting-edge encryption technology, giving them more control over both their public and private keys. Additionally, when a new user creates an account, they are given a set of seed phrases that can be used in the event that they need to recover their account.