Introduction

One of the most useful web3 wallets is the Metamsk wallet. The many features of this wallet allow users to perform transactions on various platforms in the Defi field.

This article analyzes the number of users who have used this wallet.

Since this wallet is used for many transactions, we want to how much ETH in average metamask users Hold or have in their balance.

One of the most common transactions with this wallet is Transfer or Swap transactions. We want to know what percentage of users have made far more complex transactions than a simple swap or a Transfer between two addresses.

Lets Start with Total Unique Users.

Conclusion

Metamask Wallet holders are 1.29M Addresses on ETH network.

Number of monthly Metamask users increased over past two years and reached at its peak During month of November .

Examining the type of transactions shows us that many users have made trasnfer and swap transactions. We also see approval in these transactions. Which is mostly done to confirm a Token for a swap transaction.

Also, a large number of users have made deposit transactions. Which can be related to different platforms and different types of an action in blockchain. One of these actions is Deposit ETH to Layer 2 networks. Or Deposit Tokens to DEX's.

Chart Above Shows how many users are engaging in what type of activity on which platforms.

in start of chart we have lot of users engaging in swap and transfer trasnactions. most of them doing this activity on uniswap , sushiswap and hop protocol also opensea.

we can see lot of users engaging in L2 transactions and also L2 networks.

like Arbitrum , zksync , Hop protocol.

Among actions on chart above we can see OrdersMatched and orderCancelled event type , well this event showed on Ethereum chain when a user buy a NFT on NFT marketplaces like Opensea platform.

We can pick OrdersMatched , Mint and burn , Claim rewards , and Staked also Claim airdrop from chart above as higher order activity and calculate percentage of users are engaging in this type of transactions.

25 percent of wallets are engaging in Buying NFT activity on Opensea platform.

Also 18.4% of users engaging on Mint event which most of them are on uniswap platform.

also 10 percent of them doing Claim tokens or airdrops transactions, we can see this type of transactions on ens and gas dao platforms.

Also almost 10 percent of this users doing Stake transactions which we can see this type of transactions in chart above.

Most of Metamask Users, Hodl between 0.01 and 0.1 ETH in their wallets. This amount are in Average.

it can be concluded almost Half of Metmask Users Held ETH between 0.01-0.1 in their wallets.

by looking at chart below we can say most users Held less than 1 ETH in their wallets.

Total Metamask wallet holders are 1.3M wallets.

the average value of ETH held in most of this wallets is equal to amounts between 0.01-0.1.

Most activity of this users are in Uniswap Platform.

we can see lot of users also engaging in L2 transactions like Transfer to L2 and Buying NFTs on Opensea platform. or Minting New address on ENS platform. Or Claimg airdrop Tokens on Gas DAO Platform.

Almost 25% of Users are engaging on a NFT buying activity on Opensea Platform.

almost 10 percent of them engaging in Mint activity, like Minting Lp tokens on Uniswap Platforms. also we have seen almost 10 percent of them Staking tokens on DEX's platforms. like Curve and sushiswap.