What is Metamask?

Metamask is a cryptocurrency wallet that allows users to hold Ethereum and other ERC-20 tokens. It has a user-friendly design and web browser integration, making activities such as purchasing NFTs within the wallet quick and easy. Metamask is available as a browser plugin or an app.

Methodology

We will first look at the most popular contracts by volume for Metamask users, and then the most popular contract types by volume for Metamask users. All data will be from the past three months.

The top 5 contracts by transaction volume for Metamask users have stayed very similar over the past three months. Three of the most popular contracts most days were DEXs, 1inch, Uniswap and Metamask. Hop protocol was also very popular for Metamask users. Hop protocol is a bridge that allows users to transfer assets from the Ethereum Mainnet to Layer2s. The mev bot contract also saw some popularity amongst Metamask users over the past few months. The mev bot is an Ethereum arbitrage bot.

The 1inch, Uniswap, and Metamask DEXs made up by far the greatest transaction volume for Metamask users. Together they made up over 2/3 of the total Metamask user transaction volume over the past three months.

By far the most popular contract type for Metamask users were DEX transactions. Most days saw between 400M to over 1B in DEX volume from Metamask users. DEX volume saw a peak between May 8th and May 13th, with over 3B in transaction volume to DEXs on May 12th, and has since dropped off.

DEX transactions made up just over 2/3 of all transaction volume from Metamask users over the past three months. DeFi protocols made up 11%, while NFT transactions only made up about 3% of the total transaction volume.

Conclusion

In conclusion, 1inch, Uniswap, and Metamask made up by far the greatest transaction volume for Metamask users, while DEX transactions as a whole made up over 2/3 of the total transaction volume for Metamask users over the past three months.