Methodology

1. Get the total Metamask Wallet Holders.
2. Find the most common transaction from those wallets.
3. Analyze the most common platform interacted.
4. Additionally, find the most popular protocol interacted.

What are the most common transactions for Metamask users?

There are a total of 1.27 million Metamask users based on whether or not that address has swapped at least once via the native Metamask swap protocol.

Metamask Users

Most common platforms for those activities

Since 2022, the graphs indicate the overall activity type of each address. Swapping has the most number of users (525k), followed by Signing and Transferring, while Staking/Unstaking has the lowest (132k).

Perspective (1): Most Common Platforms

The graphs show the weekly activity count of Metamask users. On a daily basis, Swapping and Signing have the largest combined address interactions of roughly 40%.

Perspective (2): Most Common Protocol Type

The graphs show the protocol type that interacted with Metamask users. dApp has the most addresses interacted with (25%), followed by Layer2, Dex, NFT, Defi, and Cex has the least at 4.6 percent.

Conclusion

Limitation: In this study, we will identify Metamask users based on whether or not that address has ever swapped at least once using the native Metamask swap protocol.

The graphs show the top protocols that communicated with Metamask users. Hop Protocol has the most addresses interacted with (21%), followed by Uniswap, Augur, and Opensea.

• Based on whether or not that address has swapped at least once via the native Metamask swap protocol, there are a total of 1.27 million Metamask users.
• Swapping is the most popular activity among Metamask users.
• Hop Protocol has the most addresses that have communicated with it.
• In terms of protocol interaction, dApp has the most interacted addresses.