If you’re interested in purchasing and exchanging Ethereum-based tokens, you’ll need to download a compatible crypto-wallet software first. Any assets you buy and sell can be stored and accessed through this wallet.
With 21 million monthly active users (MAUs), MetaMask is one of the biggest crypto wallets in the world. It was founded in 2016 by Aaron Davis (a.k.a. Kumavis) and Daniel Finlay.
Aaron Davis formerly worked on a project named Vapor (a cryptocurrency browser), and later invested $30,000 in MetaMask, a cryptocurrency browser extension.
Its compatibility with almost all Ethereum-based services is one of the primary reasons that MetaMask is so popular among both new and experienced cryptocurrency users.
MetaMask serves as the principal interface via which users engage with a world of about 3,700 different Web3 applications.
This is a complete list of up-to-date MetaMask statistics.
On this page you’ll find hand-picked stats about:
- MetaMask Overview
- MetaMask Revenue
- MetaMask’s Monthly Active Users (MAUs)
- MetaMask Users Geography
- MetaMask’s Competitors
MetaMask Key Statistics
- Aaron Davis and Daniel Finlay founded MetaMask in 2016.
- Joseph Lubin is the CEO of MetaMask and a co-founder of Ethereum.
- MetaMask’s corporate headquarters are located in Brooklyn, New York.
- The majority of MetaMask’s revenue comes from swap fees.
- Metamask charges a flat service fee of 0.875 percent on each transaction.
- 3,744,425 is the total number of swaps completed to date.
- Between October 2020 and the present, around $313 million in fees were collected.
- To date, MetaMask has processed $36.61 billion in Ethereum Network swaps.
- MetaMask has approximately 21 million monthly active users (MAU), representing an increase of 80x from 2019.
- The top ten nations that use MetaMask are the Philippines, the United States, Vietnam, the United Kingdom, China, India, Russia, Brazil, Indonesia, and Thailand.
- Asia has the most users, followed by Europe and North America, in terms of how many people use the service.
- Some of the wallets that compete with MetaMask include Block, CoinBase, Phantom, Trust Wallet, MyEtherWallet, 1inch Wallet, Exodus Wallet, MathWallet, Fortmatic, Coin98, Portis, and ZenGo Wallet.
- ConsenSys (the parent company of MetaMask) acquired MyCrypto to boost security and usability.
MetaMask Overview
| Launch date | 2016 |
| HQ | New York City, United States |
| People | Joseph Lubin (CEO), Aaron Davis (co-founder), Daniel Finlay (co-founder) |
| Platform | Web browser extension and Mobile app |
| Business type | Private |
| Sector | Blockchain |
MetaMask Revenue
MetaMask earns the majority of its revenue from swap fees. Additionally, it is set to profit from MetaMask Institutional, its wallet geared toward trading firms and other financial organizations. Besides that, it earns money by selling branded items through its own web store.
MetaMask announced the “Swaps” functionality in October 2020. Users can exchange (swap) tokens remotely via other exchanges, and MetaMask charges a fee of 0.875 percent for this service. It has been clearly proven to be a significant revenue generator.
MetaMask’s Cumulative Fees (USD)
| Month | Cumulative Fees (USD) |
|---|---|
| October (2020) | 164,240 |
| November (2020) | 143,1103 |
| December (2020) | 3,317,475 |
| January (2021) | 7,911,799 |
| February (2021) | 16,205,845 |
| March (2021) | 28,212,968 |
| April (2021) | 45,028,334 |
| May (2021) | 74,992,712 |
| June (2021) | 88,659,566 |
| July (2021) | 102,800,742 |
| August (2021) | 125,456,903 |
| September (2021) | 156,566,532 |
| October (2021) | 187,703,033 |
| November (2021) | 232,713,052 |
| December (2021) | 267,367,426 |
| January (2022) | 298,434,410 |
| February (2022) | 311,313,143 |
A total of around $313 million in fees has been collected between October 2020 and the present.
MetaMask’s total swap volume to date for the Ethereum Network is $36.61 billion.
The in-app swap feature of MetaMask has facilitated over $10 billion USD in peer-to-peer token exchange.
Source: Dune Analytics, ConsenSys
MetaMask’s Monthly Active Users (MAUs)
ConsenSys, the parent company of MetaMask, aims to facilitate community collaboration by making Web3 globally accessible, useable, and expandable.
And because of the continuous efforts, the MAU chart has reached an all-time high of over 21,000,000 which is an increase of 80x from 2019.
The rapid growth of crypto-assets in the Ethereum ecosystem is one of the primary reasons behind this.
MetaMask Users Geography
The Philippines, the United States, Vietnam, the United Kingdom, China, India, Russia, Brazil, Indonesia, and Thailand are among the top 10 nations that use MetaMask as of August 2021.
Asia is the region with the fastest-growing user base, followed by Europe and North America.
MetaMask’s monthly active users have increased by more than 3800%, from 545,080 in July 2020 to 21,000,000 in November 2021.
Source: ConsenSys
MetaMask’s Competitors
For the time being, MetaMask reigns supreme. Despite this, many challengers are vying for the crown.
Block (formerly known as Square) launched its own wallet, Coinbase is expected to follow suit.
Additionally, MetaMask faces competition from Phantom, a Solana-based cryptocurrency wallet. The competitor wallet currently has about 2 million users and popularity is growing rapidly, despite recent performance issues and network failures on the Solana blockchain.
Also read: How To Fix MetaMask Not Showing Tokens
Trust Wallet, MyEtherWallet, 1inch Wallet, Exodus Wallet, MathWallet, Fortmatic, Coin98, Portis, and ZenGo Wallet are some of the other wallets that compete with MetaMask.
Recently, ConsenSys announced that they have acquired MyCrypto to enhance security and usability. The terms of the transaction were not disclosed.
MetaMask and MyCrypto will be able to give users a more comprehensive and secure experience by merging their common principles, talent, and aims.
