What is Metamask?

MetaMask is a wallet for the most diverse blockchain in existence–Ethereum. It’s a gateway to its DeFi ecosystem, non-fungible tokens (NFTs), ERC-20 tokens, and practically–everything on Ethereum.

MetaMask is the trailblazing tool enabling user interactions and experience on Web3. It is currently available as a browser extension and as a mobile app on both Android and iOS devices.

prominent features of this wallet:

Ease of use:

Starting with MetaMask is easy, quick, and anonymous. You don’t even need an email address. Just set up a password and remember (and store) the secret recovery phrase, and you’re done.

Security:

Your information is encrypted in your browser that nobody has access to. In the event of a lost password, you have the 12-word secret recovery phase (also called a seed phrase) for recovery. Notably, it’s essential to keep the seed phrase safe, as even MetaMask has no information about it. Once lost, it can’t be retrieved.

Built-In Crypto Store:

If you’re wondering, no, you can’t buy Bitcoin with MetaMask. It only supports Ether and other Ether-related tokens, including the famous ERC-20 tokens. Cryptocurrencies (excluding Ether) on Ethereum are built as ERC-20 tokens.

Backup and Restore:

MetaMask stores your information locally. So, in case you switch browsers or machines, you can restore your MetaMask wallet with your secret recovery phrase.

Methodology

I used to categorize Metamask wallets as wallets that have used the Metamask swap feature (interacted with this contract 0x881D40237659C251811CEC9c364ef91dC08D300C). After that, I found the average amount of wallet balance in ETH and USD after January 1, and finally, I found the distinct users for each activity by using the fact_event_logs table.

It is clear from the chart and table below that the most used activies in order of users are transfer, swap, sync, deposit, approval , withdraw,... .

Staked is the 20th acticity in case of number of users.

Conclusion

In this dashboard, we tried to find the total number of Metamask wallet holders and the average value of ETH held in the wallets. Last, we found the percentage of wallets engaging in a higher-order activity, like staking, and ordered them in the case of their users.