Methodology

• To analyze the Metamask users we first need to find them, this is accomplished by finding addresses that interacted with contract 0x881D40237659C251811CEC9c364ef91dC08D300C. This is Metamask's Swap Router contract address. Every user on Metamask even if they haven't performed a swap will have a transaction with this Router contract.

• Later the average ETH held in these wallets are found by looking at ERC20 table. Since this table takes a snapshot of balance once a day, we need to only select the last snapshot (since yesterday).

• Finally,

Introduction

In this dashboard we are going to answer the following questions:

1. How many Metamask users are there in total?
2. What is their average ETH balance?
3. What percent of the users participate in activities like Staking?

Table.1 Examination

To find total number of Metamask users there are two tables we can use namely, dex_swaps and event_logs. However dex_swaps only account for the event names that are type "Swap", i.e. users who actually performed a swap, and event_logs shows us data that include more than 230 other different events that interacted with Swap Router contract address. The missing value indicates the number of users who were not on the dex_swaps thus had other event names associated with their transactions.

Table.2 Examination

The average ETH is calculated over the balance of more than 1.2 million wallets. The calculated average result was unexpectedly high at first but after finding the standard deviation, we can easily conclude that there are wallets with high balances of ETH. The result of standard deviation indicates the large variance in the amount of balance around the average. Meaning that users balance are very far from the average at both ends.

Table.3 Examination

Wallet activities of the users are found by filtering through the events. As can be seen more than 18% of users have Minted NFTs using their Metamask wallet. Approximately one tenth of users have engaged in staking activities. And less than 1 percent have donated via their Metamask wallets.

Conclusion

Metamask is a widely used wallet with over a million users. The data above doesn't give us any information of how many of them might have been created by bots however from the higher order activities it can be concluded that at least one fifth of the wallets are active either via Minting or staking activities. Many other activities could have also been looked for, but for the sake of brevity it was avoided. There are some irregularities in Table.3 that is worth mentioning. We can see that the percentage of users who have triggered the Staked event is higher than that of the StakeStart event. However, logically speaking they should be the same.