Hello, Today we are reviewing MetaMask wallet, one of the most famous parts of the Crypto in these days.

Let's start with introducing this famous fox!

What is MetaMask?

Most cryptocurrency users only have wallets linked to the exchanges on which they trade. It resembles a typical email/password log which gives people the erroneous notion of how blockchain addresses function.

MetaMask is a non-custodial wallet that can be accessed from your browser or mobile and it provides you with complete control over your assets. It has significant advantages and disadvantages, which we shall discuss below.

In short, MetaMask is a cryptocurrency wallet that allows you to store, transfer and trade assets.

What distinguishes MetaMask from other wallet applications is its ability to interface with smart contract-based platforms that are live on Ethereum and all EVM chains.

For example, if you go to a dex and decide to swap your tokens for profit or go to OpenSea to look at new NFTs, you need to link your MetaMask wallet to complete the transactions.

Of course, many alternative wallets function, but MetaMask is the most popular because it is completely open-source.

So after the introducing MetaMask, Let's find out How many users are Using it in on it's Mainnet, and the blockchain that MetaMask was born at first, Ethereum.

• The method for defining a MetaMask users is having at leats one interact with MetaMask Swapping contract on Ethereum (0x881D40237659C251811CEC9c364ef91dC08D300C)

Q1:How many total Metamask wallet holders are there?

So 1.294M unique wallets have used MetaMask and As it was expected, our fox is so famous!

After finding the users, Let's talk about the main Crypto of MetaMask too, $ETH

1.22M $ETH is holding in MetaMask all around the World! Let's find the average amount it per each user:

Well that's not a low amount actually, almost a 4 fig number in $USD!

Q2.What’s the average value of ETH held in wallets?

Is MetaMask only just for Storing tokens?! Of curse not!

MetaMask is a Defi wallet and users can use it ibn almost every Defi-NFT and also gamfi Projects.

So It's time to check the activity of MetaMask Users!

Our cases are:

• Using MetaMask on decentralized exchanges for Swapping and Also Lping

• Minting NFTs with MetaMask

• Using MetaMask for earning yield

Q3.What percentage of wallets are engaging in a higher order activities?

1. Having a swap on SushiSwap

SushiSwap is one of the biggest exchanges in the crypto, and here we are finding out how much MetaMask Users are interested to it:

Almost %35, not bad really! But What are the MetaMask User's favorite pairs for swapping on SushiSwap?

Stable coins are major parts of top 3! that's sounds nice! and the record holder is USDC-WETH pair.

Besides of swapping Adding liquidity in a dex is other main work tha can a Defi user do, For checking MetaMask users behavior on this case, We tracked thier activity on UniSwap v3 pools, The most famous platform on the Ethereum chain:

Far less than SushiSwap swappers! Let's go deeper:

No surprize! again $USDC is in the top, this time by 2 shares, and USDT-WETH is the 3rd

NFTs are one of the nosiest thing in Crypto, Here We are tracking MetaMask Users activity on minting them:

The results Close to SushiSwap lovers! And the Most minted ones:

CryptoKitties, One of the biggest NFT projects in Crypto has been minted By MetaMask Users more than any Collections! note that UniSwap gives NFT to the Users after LP creating and .crypto here is relates to Unstoppable Domains project (_.crypto domains).

And at the last Part we are reviewing the MetaMask users activity on Aave, the biggest lending and borrowing platform in Defi:

Less tha 1 percent. seems like it's a pro activity! how about borrowers?

Much more than lenders, but still not a high amount.

Conclusion

• MetaMask has 1.2M users on Ethereum with the average balance of 0.94 $eth per each wallet, a good example for a successful project in Crypto.

• More than adding LP in to the pools, Swapping is on the Dex is one of the most favorite activities of the MetaMask users.

• Working with the Stable Coins specially $USDC are important part of MetaMask users activities on the Dexs.

• More than 400K of MetaMask users have tried Minting NFTs, and CryptoKitties has been minted more than any collection. *Lending and borrowing seems like a high class activity in Defi and small amount MetaMask users have tried it.