Questions

1. How many total Metamask wallet holders are there?
2. What’s the average value of ETH held in wallets?
3. What percentage of wallets are engaging in a higher-order activity, like staking?

Methodology

We can categorize Metamask wallets as addresses that have used the Metamask swap feature.

Interaction with these contracts is the criterion:

• 🟦 Metamask Mainnet Swap Router:
  • 0x881D40237659C251811CEC9c364ef91dC08D300C (Etherscan)
• 🟪 Metamask Polygon Swap Router:
  • 0x1a1ec25dc08e98e5e93f1104b5e5cdd298707d31 (Polygonscan)
• 🟨 Metamask BNB-chain Swap Router:
  • 0x1a1ec25dc08e98e5e93f1104b5e5cdd298707d31 (Bscscan)

Metamask Mainnet Swap Router | View Full-size image Metamask Polygon Swap Router | View Full-size image

Your key to blockchain applications

MetaMask provides an essential utility for blockchain newcomers, token traders, crypto gamers, and developers. Over a million downloads and counting!

Introducing MetaMask Swaps

MetaMask users can now swap tokens directly from their wallets. Metamask swaps combines data from multiple decentralized exchange aggregators, professional market makers, and individual DEXs — like AirSwap — to ensure MetaMask users always get the best price with the lowest network fees.

References: Intro. | Metamask Monthly Active Users

1. How many total Metamask wallet holders are there?

Data have been pulled from these tables:

• Mainnet: ethereum.core.fact_transactions (Available since Oct 12, 2020)
• Polygon: polygon.core.fact_transactions (🌱 Available since June 6, 2022)
• BNB-chain: bsc.core.fact_transactions (🌱 Available since June 15, 2022)

P.S. Due to a lack of available data on Polygon and BNB-chain, just main-net data have been considered.

• MA20: Moving Average 20
• Peak days: They have been selected with the peak-over-threshold method with this condition:
  • users > peak_threshold * average_daily_users

2. What’s the average value of ETH held in wallets?

Main resources:

• ethereum.core.fact_transactions
  • WHERE TO_ADDRESS='0x881d40237659c251811cec9c364ef91dc08d300c'
• flipside_prod_db.ethereum.erc20_balances
  • WHERE CONTRACT_ADDRESS='ETH'

3. What percentage of wallets are engaging in a higher-order activity, like staking?

To answer this question users were filtered by their activity on Lido finance as ETH-stakers.

Conclusion

There are lots of new users who have no plenty of information about Web3 and DeFi principles (Over 90%, approximately), So by building a single end-to-end experience, MetaMask empowers Web3 users to browse and interact with the entire decentralized web.

A Better DeFi experience for the Ethereum ecosystem

A simple, streamlined experience reduces friction for new users, bringing more people into DeFi. It enables more trades, faster, by providing an optimized path for fees. And, crucially, bringing greater transparency and efficiency to decentralized finance on Ethereum. This equates to a better network for all — one with fewer fees and reduced network congestion.