MetaMask supports token swapping on Arbitrum and Optimism

MetaMask has announced support for its swap feature on L2 networks such as Arbitrum and Optimism, allowing their users to swap tokens with fewer approvals and via a gas-efficient route.

MetaMask, a popular cryptocurrency wallet, announced on Wednesday that it is expanding support for its swap feature to Layer 2 networks such as Arbitrum and Optimism. Prior to this development, MetaMask swaps were only available for Ethereum, Binance Smart Chain (BSC), Polygon, and Avalanche.

Users can swap tokens directly from their desktop or mobile wallet using MetaMask Swap, which aggregates data from decentralized exchanges (DEXs) and market makers to get the best prices at the lowest market fees.

The MetaMask swap feature accelerates and lowers the cost of swapping tokens with less approval and slippage protection. It also provides users with greater convenience by enabling them to manage their assets without ever leaving their desktop or mobile wallet.

MetaMask is a popular crypto wallet often used to interact with Web3 applications, including play-to-earn (P2E) games, non-fungible token (NFT) marketplaces, decentralized finance (DeFi) protocols, and some Metaverse platforms. Huh.

MetaMask, as a self-custodial wallet, provides the user with full ownership of their private keys and, consequently, their assets. Since Swap aggregates data from DEX aggregators and market makers, users can swap their crypto tokens without registering with a centralized exchange. Users will be able to access a variety of cryptocurrencies, providing greater flexibility and choice for their investments.

Amazingly, Metamask swap is still available portfolio dappOne-stop-shop for consolidating assets across accounts, NFTs, multi-chain token balances, and more.

Last week, Metamask also announced Users can now use PayPal to buy cryptocurrency through their wallet.

Optimism shoots up on-chain activity

MetaMask announced support for the Layer 2 Optimism blockchain as activity on the network exploded. Besides, the Total Value Lock (TVL) is rising with optimism. There has been extremely high stablecoin transaction volume lately on optimism, according to Sentiment, an on-chain data provider. This also Having said,

“The average USDT or USDC transaction volume is under $10M on optimism. The discrepancy above took both above $1B.”

At the time of writing, the native crypto token of optimism was trading at $0.944 according to OP Information From Coinmarketcap.

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