Metamask has introduced a new feature with which users can pay network costs using a selection of Ethereum-based tokens instead of ETH.
The gas station function, announced on 5 February, is intended to improve accessibility by removing the requirement to keep native blockchain assets for transaction costs. With the update, users can complete transactions using approved tokens, including stablecoins such as USDT and USDC.
The function will initially be limited to the Ethereum Ecosystem, but Metamask has indicated plans to expand support for extra tokens in the future.
Tackle gas costs challenges
Ethereum transaction costs or gas costs have long been an friction point for users, especially during periods of high network congestion. Traders often have to keep an ETH balance to cover the gas costs, which can be uncomfortable for those who mainly interact with stablecoins and packed assets.
The Metamask gas station is expected to streamline transactions, in particular for Defi users who rely on Stablecoin-based trade strategies. This development follows a broader trend in which the DEX trading volume has increasingly shifted to networks such as Solana, where transaction costs are considerably lower.
The move comes as the gas costs of Ethereum have fallen after a recent market correction. From this week the average gas costs for simple transactions have fallen to $ 1.11, a sharp contrast with the $ 25+ costs that are seen during peak trading periods.
Nevertheless, Ethereum remains the dominant blockchain for Defi and token swaps, and Metamask wants to maintain its position as the preferred-dependent wallet for transactions on chains.
Integrated with swaps
To guarantee smooth activities, the gas station function will be directly linked to the Swaps function, which guarantees that transactions are even incorporated into volatile market conditions.
Metamask will involve the prices of gas costs of several DEXs, market makers and liquidity aggregators to offer users the most competitive network costs available.
Metamask Swap, the built -in decentralized Exchange (DEX) aggregator of the wallet, has more than $ 36 billion in trade volume facilitated more than $ 36 billion, with more than 82% of the swaps that take place on Ethereum. The service is often used by traders with a high network value, or Ethereumwalvissen, who are good for more than 35% of the total Swap activity.
Despite the convenience, Metamask SWAP has been criticized due to the relatively high costs compared to direct DEX interactions. The seamless integration in the wallet, however, has made it a choice for users looking for fast transactions without manually connecting with multiple trade fairs.
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