Total Metamask Users

    Q1. How many total Metamask wallet holders are there? What’s the average value of ETH held in wallets? What percentage of wallets are engaging in a higher order activity, like staking?

    Introduction

    In this dashboard we're going to see how many total Metamask wallet holders are there and what’s the average value of ETH held in wallets then we'll see what percentage of wallets are engaging in a higher order activity, like staking.

    Method

    In order to to get the Metamask wallet holders, we can categorize Metamask wallets as wallets who have used the Metamask swap feature and interacted with this contract 0x881D40237659C251811CEC9c364ef91dC08D300C, We do not have any way to get all Metamask users so we are only consider users that have used the native swap functionality.

    What's Metamask?

    MetaMask is a software cryptocurrency wallet 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.

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    Total Metamask wallet holder with the above method I've written are 1.165 Million wallets.

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    Daily number of metamask wallet holder shows a steady and constant growth. Interesting that there isn't even a single drop or decrease over the years. More people are getting into cryptocurrencies every year and Metamask is one the most popular choice.

    This is the average value of Ethereum held in Metamask wallet holders is. 0.916 amount of Ethereum holds in these wallets that used to interact with the Ethereum blockchain from early days of creation.

    Above graph shows daily Average balance of Ethereum held in metamask wallets over time. We can see amount of Ethereum held in wallets started to decreased from 2020 with a constant volume that created this fall off. I think one the main reason of these drop it's the Ethereum price that have been growing over the years.

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    I choose the Lido (staking protocol) to see what percentage of metamask wallet holder are staking on this platform and as we can see 1.06% of Metamask wallet holders who have used the Metamask swap feature and interacted with this contract 0x881D40237659C251811CEC9c364ef91dC08D300C are staking Ethereum on Lido.

    Key Findings

    • More than 1M Metamask wallet holders are out there with the method I've written in the beginning of dashboard.

    • Average value of Ethereum held in these wallets is 0.916 Ethereum.

    • 1.06% of Metamask wallet holders are engaging in a higher order activity, like staking in Lido platform.