Introduction

MetaMask provides an interface to be used to interact with the Ethereum blockchain. It allows users to access their Ethereum wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications.

The ease of use, availability on both desktops and mobile devices, and the ability to swap, transfer and stake from within the wallet makes Metamask popular.

This dashboard investigates how Metamask is competitive in swaps with other DEXes.

Method

There are two possible comparisons: 1) comparing the popularity of DEXes among Metamask holders, and 2) comparing the popularity of DEXes among all users.

In the previous dashboard I presented the popular DEXes among Metamask holders. In the past 30 days, 45% and 37% of all swaps by Metamask holders have been done through uniswap and Metamask Router respectively.

In this dashboard I will compare the use of DEXes by all swappers.

Results

The graph below shows the percentage of swaps have done per DEXes in the past 30 days.

We can see that Uniswap is the most popular platform. Metamask has 10% of share.

The graph below shows the daily number of swaps broken down into Metamask and other DEXes.

We can see the recent growth in the relative popularity of Metamask.

Past 30 days comparison

The below graph shows the daily number of swaps through Metamask compared to other DEXes.

We can see that on June 13 the most number of swaps happened.

We can see that in total about 5% of swaps in the past 30 days executed through Metamask router.

The graph below shows how the amount of swaps has changed over time in the past 30 days.

In total only 1,6% swaps (in terms of ETH value) has performed through Metamask.

The graph below shows the total transaction fees generated by swapping. We can see that June 13th has generated the highest daily amount of transaction fee which is more related to the number of swaps.

We can see that in the past 30 days Metamask has generated about 3,8% of swap transaction fees.

The graph below shows how the daily average transaction fee has changed over time.

we can see all days except June 1st the average transaction fee in metamask is lower than the other DEXes.

The average transaction fee generated through Metamask's swaps is significantly lower than average swaps in the past 30 days.

Conclusion

The data shows that:

• Metamask has a 5% share of swaps.

• The share of Metamask in terms of amount (in ETH) is lower than this. It implies that Metamask is used mostly for lower amount of swaps on average.

• The share of Metamask in swapping is growing.

• Transaction fees for swapping through Metmask is on average lower than the other DEXes.