Ethereum browser and wallet app MetaMask now offers token swap functionality

Ethereum • October 6, 2020, 12:20PM EDT
The Block

The popular Ethereum toolkit MetaMask now allows users to swap tokens from within the app itself.

MetaMask owner ConsenSys announced the news on Tuesday, saying that the new feature would request token prices from decentralized exchanges and aggregators so that users can get the best prices.

MetaMask will support Uniswap, Airswap, Kyber, 0x API, 1inch.exchange, dex.ag, Paraswap, Totle, and private market makers for the feature. This approach means that users won’t need to navigate these platforms individually to find the optimal price.

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The feature is initially available to users of the MetaMask extension on the Firefox browser and will be rolled out soon to other browsers and MetaMask Mobile, ConsenSys said. 

The MetaMask team said on Monday that it had exceeded one million monthly active users.

"MetaMask user growth happens in a compounding feedback loop similar to the feedback loop of the internet itself. Users onboard to use one site, and end up discovering hundreds of other sites from decentralized finance to gaming to new communities," the team wrote.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

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