Metamask - Total Metamask Users

Q1. How many total Metamask wallet holders are there? What’s the average value of ETH held in wallets? What percentage of wallets are engaging in a higher order activity, like staking?

What is MetaMask?

MetaMask is the by far most popular Wallet for Ethereum and all EVM based blocvkchains.

More info here: MetaMask

Date: 2022-06-23

Methods

This analysis focuses on the numbr of MeaMaskl wallets.

I used ethereum.core.fact_transactions and filtered for '0x881D40237659C251811CEC9c364ef91dC08D300C' to identify MetaMask wallets
ETH staking = Lido staking
All data until 2022-06-23

Overview

Analysis

Conclusion

The total number of MetaMask wallets, interacted with the swap contract / feature, is 1.292 Million
Top 3 types of interactions by these wallet: DEXs, Tokens and NFTs
These wallets hold an average of 1.03 ETH and 1.219 Million ETH in total.
20.71K wallets or 1.6% of all MetaMask wallets are staking 360k of ETH with Lido.

This analysis was created on 2022–06–23 for a bounty at Flipside Crypto by piper to answer the following questions:

Metamask - Total Metamask Users: Q1. How many total Metamask wallet holders are there? What’s the average value of ETH held in wallets? What percentage of wallets are engaging in a higher order activity, like staking?

All data used are from Flipside Crypto. Flipside Crypto

The total number of MetaMask wallets, interacted with the swap contract / feature, is 1.292 Million.

The chart above shows the usage of MetaMask wallets by type. We can see that the Top 3 interactions are DEXs, Tokens and NFTs. The ranking is the same for number of interactions and the number of wallets interacting.

DEXs: People use MetaMask to use DEXs to trade, swap, provide liquidity, stake, etc.
Tokens: People use MetaMask to store and transfer their tokens.
NFTs: People also use MetaMask to store their NFT collections in their wallet.

Generally are these wallets interacting with a lot of different type of 'services'.

The average hold ETH in MetaMasks wallets is about 1.03 ETH per wallet.

The chart above shows the number of daily unique wallets and the daily cumulative total of unique wallets interacting (swapping) with MetaMask.

In total 20.71k MetaMask wallets are staking ETH with Lido. That is only 1.6% of all MetaMask wallets.

These wallets have staked 360k ETH until today with Lido.

These wallets are holding 1.219 Million ETH in total.