Metamask reports they've reached the achievement of over 1 million monthly active users, this time last year it was nearly 265,000 users, Metmask is stating that represents a 400% growth.
Tuesday they announce they're getting into the token swap game and enabling a token swap feature within the browser extensions or Metamask Mobile.
Metamask is essentially becoming a Decentralized Exchange (DEX) Aggregator, in any given trade Metamask will search for the best exchange, accessing all the best known places to swap trades.
The Metamask announcement list's services lile Uniswap, Kyber, Paraswap, inch.exchange and dex.ag.
We get the best prices because we simultaneously aggregate the most liquidity sources (DEXs) and many different methods for splitting the order across the DEXes (aggregators),
The end result isn’t just a better price, according to MetaMask, but a better network for all—one with fewer fees and reduced network congestion.
Jacob Cantele, Head of Product at MetaMask
Instead of having to go to these DEX and DEX Aggregators, sign in with a wallet, and initiate a trade. Now we can just open up the browser extension or Metamask Mobile and it will search all the DEXs and get the best rate.
The best thing about is fewer fees since you're not signing up for each and every site.
There are dynamic fees that range from 0.3% to 0.875% based on order size.
