MetaMask Integrates Token Swapping feature by tomlee

hive-167922 · @tomlee · Oct 7 '20

$1.13

MetaMask Integrates Token Swapping feature

In a news release on Tuesday, 6th October, MetaMask announced their introduction of a feature that allows users of the mobile application and web extension to swap one token for another. With this, MetaMask have delved into the trending decentralized exchange aggregation business.

![MetaMask_Mockup_2710x458.jpg](https://i.imgur.com/7jjyTNZ.jpg)
_____

MetaMask which functions like a crypto allet is a product of the Ethereum software company ConsenSys. It offers an easy way for its users to access the Ethereum blockchain and at the same time allows users to sign in to decentralized applications and use them through a regular browser.
____

With these features, MetaMask have gained a lot of users and as at 5th October, MetaMask announced their reaching one million active users per month. That's a huge one for them. And with the impending token swapping feature, MetaMask is likely to record a new all time high in terms of active users.
____

One interesting thing about this new MetaMask's feature is that it will take away the stress of having to always visit a specific decentralized exchange or exchange aggregator to run a swap. MetaMask looks to improve the user experience by automatically routing users to a needed swap service.

According to the news, the token-swapping feature on MetaMask will be released first on its Firefox browser extension, before it is being added to other browser's extensions and MetaMask mobile application.
____

>MetaMask will seek the best exchange rate for any given trade, accessing all the best-known places to conduct an exchange. The MetaMask announcement lists services such as Uniswap, Kyber, ParaSwap, 1inch.exchange and dex.ag.

>It should be noted this service really isn’t any different than what existing decentralized exchange aggregators (like 1inch or ParaSwap) purport to do, but MetaMask has a big advantage. Odds are, most users of those aggregators already used MetaMask to access them, so if the same users can do the same thing directly in MetaMask, many likely will.
_____

This new development is a means through which MetaMask will monetize its services. Before now, MetaMask had begun monetizing by charging users fees for fiat to Ethereum exchange.

Read full news here:
https://www.coindesk.com/metamask-gets-into-the-decentralized-exchange-aggregation-business-with-tokenswaps?amp=1

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@tomlee/metamask-integrates-token-swapping-feature)

👍 leo.voter, inertia, gunthertopp, edkarnie, preparedwombat, chris4210, ph1102, chungsu1, onealfa, lefty619, citizendog, netzisde, trumpikas, smartvote, payroll, da-dawn, jasonshick, firstamendment, fantasycrypto, taskmaster4450le, iptrucs, mammasitta, gerdtrudroepke, kitalee, blue.rabbit, mhm-philippines, dcooperation, mcoinz79, trisolaran, pixelfan, baneenabear, eirik, tfame3865, mhizerbee, zainenn, blainjones, beemd, marvel1206, blessedman939, russellstockley, smolalit, leofinance, emekasegun, jackramsey, globalcurrencies, pvinny69, tezzmax, battebilly, adambarratt, gotgame, joelagbo, peterpanpan, benie111, dashfit, steemegg, hjmarseille, manwojciech, tomlee, pearlumie, freddio.sport, dwayne16, realblockchain, freedomcoin, hardaeborla, and 179 others

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dec-collector	851,091,980	65%
psyo	3,311,546,277	32.5%
tomlee	6,199,227,114	32.5%
tiffin	700,155,410	30%
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leo.voter	1,714,281,149,986	7%
hyborian-strain	757,931,806	9.75%
freddio.sport	5,726,414,303	50%
abh12345.stem	754,709,244	100%
taskmaster4450le	49,800,422,236	30%
tokensink	653,663,000	65%
ph1102.ctp	724,975,419	10%
drlobes	4,559,847,067	32.5%
vxc.tra	0	20%
mk-leo-token	186,916,924	100%
vxc.stem	0	6.9%
spinvest-leo	370,125,775	5%
coinlogic.online	927,594,607	32.5%
tonimontana.leo	174,680,747	2.41%
yggdrasil.laguna	108,539,749	30%
mowemu	3,130,629,752	32.5%
cd-stem	542,913,606	100%
javb	486,137,742	22%
snoochieboochies	2,212,880,867	3.5%
hjmarseille	6,503,131,523	45.5%
passthestixxx	775,809,261	65%
toni.ccc	0	0.48%
empoderat.leo	1,415,640	2.4%
mengene	2,629,169,572	32.5%
platino94	1,222,933,353	2.4%
senithegrapher	645,661,275	32.5%
theisacoin	1,068,293,957	10%
leofinance	10,103,329,322	7%
manwojciech	6,208,925,850	65%
peterpanpan	7,364,503,965	6.5%
globalcurrencies	9,525,454,055	15%
ayoyemi1	900,368,154	32.5%
localgrower	3,254,979,418	6%
adamsidney	20,547,128	8%
hive-homeland	1,457,423,557	32.5%
jsalvage	981,346,265	32.5%
dotnb	593,022,037	32.5%
sunita2990	642,279,986	32.5%
dragokazo	1,090,162,258	32.5%
beemd	11,464,701,791	100%
ph1102.ctptrail	277,134,576	17.5%
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