Introduction

Users of MetaMask Mobile may now utilises the Swaps functionality to quickly switch tokens inside of their wallet. By collecting data from automatic market makers, professional market makers, request for quotations (RFQs), and specific decentralised exchanges, MetaMask Swaps is the most practical source of information for obtaining the best price and lowest network costs (DEXs). Since MetaMask is the most popular non-custodial wallet, you always have control over your assets.

MetaMask is designed with privacy in mind first, unlike other cryptocurrency wallets available. We enable you the freedom to purchase, store, and trade tokens without worrying that dApps or exchanges may have access to more of your personal information than you have authorization.

Methodology

The queries used here perform different tasks to compare the Metamask with others such that it initially takes into account the number of users in the dex_swaps who use Metamask and other wallets to see the popularity and then it also displays the amount that is earned by swapping using Metamask in Ethereum network .In addition to this various parameters such as the tranactions,the volume,the transaction fee collected are aggregated for a period of time and then they are compared with the same constraints of other wallet users in the same network for the same period of time.

The users who use Metamask to swap is displayed here and it is more than 1M.

Other than that all other wallet users are aggregated together and their count is displayed here as 4.2 M and it is seen that among the users of Ethereum network more than 19 % are metamask users.This indicates the convenience of the wallet in transactions than others.

The total amount that is obtained by swapping through the Metamask wallets is charted here and it is more than 8.23 Billion in USD which is a huge Money!!!!

The table here displays various data that compare Metamask with all other wallets in the Ethereum Main net for the chosen period of time.Now let us see them one by one.

The swap transactions that are done using metamask and other wallets as a whole is charted for the period of time and it indicates that the other wallets hike in transactions that doesn't mean that Metamask is a less used one.This even maintained to make 7 % of the transactions on an average.

The total volume swapped using both Metamask as well as other wallets are charted for the same period of time and it displays the overall increase in the volume of transacted amount in other wallets when compared to Metamask and they are displayed in USD.

The average swap volume in Metamask as well as other wallets in the network are considered here and it is aggregated for the period of time and this chart can show that the average volume of swaps in the network has faced a great role by the Metamask users and it is seen that the metamask has managed to do almost 25% of the average swap happened over the days.

Both the donut representations show that Uniswap is the most preferred platform by the users of both Metamask and other wallets.

The table here indicates the transaction fee collected for both metamask and other users.

The average transaction fee that is collected for transactions done by the users in the Ethereum Mainnet is charted here and it shows that the fee collected for metamask users is comparetively higher than the other wallet users.The hike in the transaction fee can increase more than 25% for metamask users than others.This is because, Regardless matter whether the transaction is successful or unsuccessful, users are paying for the calculation. The miners or validators must confirm and carry out the transaction even if it is unsuccessful, which requires processing power. Like one would pay for a successful transaction, while users must pay for that computation.