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?

    Intro

    MetaMask is a free web and mobile crypto wallet that allows users to store and swap cryptocurrencies, interact with the Ethereum blockchain ecosystem, and host a growing array of decentralized applications (dApps). It is one of the most widely used crypto applications in the world.

    Approach

    For the purpose of this dashboard, we can categorize Metamask wallets as wallets who have used the Metamask swap feature (interacted with this contract 0x881D40237659C251811CEC9c364ef91dC08D300C) to detemine how many total Metamask wallet holders are there, what’s the average value of ETH held in wallets and what percentage of wallets are engaging in a higher order activity, like staking.

    Results

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    There are totally 1.165M metamask wallet holders who have used the Metamask swap feature and interacted with contract address I mentioned in the approach. Average amount of Ethereum that is holding on this wallets is almost near 1 Ethereum.

    Let's see what addresses has the most Ethereum amount in their Metamask wallets. currently 0xa8e802312b67bb81af0bd250694975f79b1cbe54 is in the first rank by almost having 20K Ethereum and 0x9714d236493797eea2941988700cf710812a7b3f address has 12.7K amount of Ethereum. In total donut chart of top 10 Metamask address these addresses are holding 33% of total Ethereum amount.

    Let's see if these Metamask users are staking any Ethereum on the one of biggest staking platforms of the world, Lido. Daily below graph showing good activity around Jan 2022 to May but after that there are huge decrease in Metamask users activity on Lido platform which is reasonable due the market crashs that started to happen from May.

    Conclusion

    There are 1.165M metamask users who interacted with the swap contract address of this wallet.

    Average amount of Ethereum that are holding by Metamask users are 0.916 Etherem per wallet.