Introduction

MetaMask offers an interface which can be used for interacting 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 what users do with Metamask in addition to holding and transferring assets.

Method

First, I identified Metamask holder by filtering those wallet that have at least one time interacted with Metamask swap contract.

Second, I used 'Event Types' in 'ethereum.core.fact_event_logs' table to have an overview of the most popular type of transactions that the identified Metamask holders executed.

Then, using the same table and to_origin_address, I found the most popular activities done by Metamask holders.

Finally, I used transaction table to focus on each activity to see what platform is used most for each activity.

Results

The graph below shows the most frequently transactions executed by Metmask holders.

As can be see transfer is the most popular transaction.

Actions

The graph below shows the most popular group of addresses that Metamask holders interacted with in the past [pastdays] days.

We can see that NFT, DEX and dAPP are the most interacted addresses with Metamask holders.

NFT

Not surprisingly, Opensea is the most popular place that Metamask holders interacted with when it comes to NFT.

Decentralized Exchanges

For swapping (trading), Metamask holders most frequently use uniswap, built-in Metamask swap, 1inch, 0x and Sushiswap.

Layer2

Using Metamask users also bridge to and from Layer2. Bridging to L2 is taken place most frequently for Metamask holders by using hop protocol. Polygon and zkSync are most popular after hop protocol.

dAPPs

dAPPs that are being most frequently interacted with Metamask holders are wETH, and strongblock.

Centralized Exchanges

Metamask holders has interacted most with binance. The top popular CEXes among Metamaks holders after Binance are FTX, Crypto.com and Gemini.

Summary of findings

The data shows that NFT activities, trading (swap), bridging to and from Layer2, decentralized finance and interacting with CEXes are in turn the most popular actions done by Metamask holders.

• Vast majority of holders are interacting with OpenSea to do NFT related actions.

• UniSwap, Metamask and 1Inch are the most popular ones.

• Hop protocol is by far the most popular L1-L2 bridge platform among Metamask holders.

• Platforms being used by Metamask holders for defi are diverse. However among defi platforms AAVE is the most popular one.

• Metamask holders most frequently interact with Binance as a CEX.

Decentralized Finanace

While platforms are diverse, Metamask holders most frequently used AAVE, Arbitrum and Anchor.