MetaMask’s Gas Station Eliminates Ethereum (ETH) Fees for Smoother DeFi Swaps

BE[IN]CRYPTO11-22 17:38

Users can now swap tokens without ETH for gas fees, simplifying DeFi transactions on Ethereum. Gas fees are integrated into swap prices, eliminating the need for time-consuming ETH transfers. While ...

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This feature, also known as gas-included swaps, is now live for MetaMask Extension users on the Ethereum mainnet, with a mobile rollout planned soon.The initiative aims to simplify transactions, removing a longstanding barrier for users within the decentralized finance  ecosystem.MetaMask’s initiative Gas Station eliminates this step by integrating network fees into the quoted swap price. This improvement allows users to proceed with transactions without additional on-ramping delays.While Metamask’s solution reduces reliance on ETH for gas fees in swaps, broader Ethe","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EZET":"Franklin Ethereum Etf","ETHV":"Vaneck Ethereum ETF","ETH":"Grayscale Ethereum Mini Trust","CETH":"21Shares Core Ethereum ETF","BK4601":"加密货币现货ETF","QETH":"Invesco Galaxy Ethereum ETF","FETH":"Fidelity Ethereum Fund"},"translate_title":"MetaMask的加油站取消了以太币(ETH)费用，以实现更顺畅的DeFi掉期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CETH":1,"ETH":1,"ETHV":1,"EZET":1,"FETH":1,"QETH":1},"content_text":"Users can now swap tokens without ETH for gas fees, simplifying DeFi transactions on Ethereum.\nGas fees are integrated into swap prices, eliminating the need for time-consuming ETH transfers.\nWhile boosting user experience, the feature’s impact on Ethereum demand remains uncertain.\n\nMetaMask, a leading Ethereum wallet, launched its new Gas Station feature, enabling users to conduct token swaps without needing ETH for gas fees. This feature, also known as gas-included swaps, is now live for MetaMask Extension users on the Ethereum mainnet, with a mobile rollout planned soon.\nThe initiative aims to simplify transactions, removing a longstanding barrier for users within the decentralized finance (DeFi) ecosystem.\nMetamask Addresses a Major Pain Point\nFor many web3 users, running out of ETH to cover gas fees has been a frustrating hurdle. Traditional solutions involve purchasing ETH on centralized exchanges and transferring it to on-chain wallets. However, this process is often time-consuming and costly.\nMetaMask’s initiative Gas Station eliminates this step by integrating network fees into the quoted swap price. This improvement allows users to proceed with transactions without additional on-ramping delays.\nMetaMask’s Smart Transactions power the feature, optimizing gas usage and providing reliable execution. Popular tokens supported for gas-included swaps are USDT, USDC, DAI, ETH, wETH, wBTC, and others. By aggregating liquidity from decentralized exchanges, market makers, and aggregators, MetaMask ensures competitive pricing while streamlining user experience.\n\nMetamask Gas Station\nThe launch has drawn widespread praise from industry experts and enthusiasts. Michael Khekoian, Senior Business Development Manager at ConsenSys, lauded the update.\n\n“Swaps in MetaMask no longer require ETH for gas… No more insufficient funds on swaps,” wrote Khekoian.\n\nAnother crypto advocate emphasized how the feature simplifies DeFi interactions, urging users to update to version 12.6.0 or higher to benefit from gas-included swaps. However, skeptics, like a prominent member of the SHIB community, Lola, questioned the mechanics behind the feature.\n\n“…perhaps they are using another native cheap ERC-20 token at the backend on the Ethereum blockchain and masking it for the public not to see. Gas is needed no matter what, but the type of native token can be replaced or can have options via access list scripting. Hard fork they said …,” the prominent Shiba Inu community figure said.\n\nPotential Impact on Ethereum Demand\nA critical question is how this innovation could affect demand for ETH, especially as the cryptocurrency has underperformed in the current market cycle.\nETH Price Performance. Source: BeInCrypto\nWhile Metamask’s solution reduces reliance on ETH for gas fees in swaps, broader Ethereum ecosystem activities, such as staking and DeFi participation, still heavily rely on the token. Nevertheless, the net effect on ETH’s demand remains to be seen.\nMeanwhile, the swap feature is part of MetaMask’s broader push to enhance its offerings. In August 2024, the wallet introduced a crypto debit card in partnership with Mastercard and Baanx, available in the EU and UK. This card allows users to spend crypto directly, further bridging the gap between traditional finance (TradFi) and blockchain. \nIn July, MetaMask also launched a Delegation Toolkit, making it easier for developers and users to participate in governance within web3 projects.\nDespite its advancements, MetaMask has faced significant challenges. In August, a macOS malware targeted MetaMask and other wallets, stealing user funds. Furthermore, regulatory scrutiny has mounted, with the SEC (Securities and Exchange Commission) suing ConsenSys, MetaMask’s parent company, over its staking services. \nThese hurdles highlight the need for enhanced security and compliance measures as MetaMask continues to scale.\n\n\n\n\nTop crypto projects in the US | November 2024\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nCoinrule\nExplore\n                      \n\n\n\n\n\nUphold\nExplore\n                      \n\n\n\n\n\n3Commas\nExplore\n                      \n\n\n\n\n\nChain GPT\nExplore\n                      \n\n\n\n\n\n\n\n\nTop crypto projects in the US | November 2024\n\n\nCoinbase\n\n\n\n\n\n\n\n\nCoinrule\n\n\n\n\n\n\n\n\nUphold\n\n\n\n\n\n\n\n\n3Commas\n\n\n\n\n\n\n\n\nChain GPT","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485175237"}