MetaMask Boasts Of A Quarter Of A Million Active Users Monthly

By Rishma Banerjee

According to Bobby Dresser, the product manager at MetaMask, it has reached 264,000 active monthly users. MetaMask is ethereum’s main way of connecting with dapps. Apparently close to 1.5 million transactions were conducted through Metamask last month, with one million transactions made on mainnet and the rest on testnet. It has been noticed that most of these transactions are for dapps, of which only 24% initiated by users themselves while 76% were initiated by dapps.

The top dApp when it comes to both on the Mainnet and the Test net is Remix, which as you may already be aware is a kind of a compiler which can connect to Metamask. Remix enables users to publish code on a blockchain, once the user is done writing it, and then subsequently performing a few final steps on Remix. Next on the list is the 0xUniverse which is neither an exchange or a protocol. Instead it’s a “next generation blockchain game where players can build spaceships, explore the galaxy, and colonize planets.”

Axie Infinity, which follows then oxUniverse on the list, is also a game about collecting and raising fantasy creatures called Axie and so is Cryptokitties. The only exchange that makes it to top five is Fork Delta. However, Dresser says

“on Mainnet alone, there are over 25 different dapps with over 5k transactions in April, and we see new applications appear in our weekly charts all the time.”

Reports say 90,000 are using Metamask every week, seeing 1.1% growth week on week, based on their definition of an active user as “someone who interacts with MetaMask in any way — by opening the extension to check their balance, by sharing their address with a dapp, by switching their active account, etc.”

The average active user interacts with Metamask five times per week, totalling 320,000 visits a week. But, just 30% of active users confirm an on-chain transaction. Most just used it as a way to connect with dapps, while some use it as a wallet.