ConsenSys
Case Studies
MetaMask Swaps: Removing User Frictions from P2P Trading
Overview
MetaMask Swaps: Removing User Frictions from P2P TradingConsenSys |
Application Infrastructure & Middleware - API Integration & Management Platform as a Service (PaaS) - Connectivity Platforms | |
Finance & Insurance | |
Procurement | |
Machine to Machine Payments | |
Software Design & Engineering Services | |
Operational Impact
The best price every time: By requesting prices from all available aggregators, along with individual market makers, Swaps ensures that every MetaMask user always has access to great liquidity, the largest selection of tokens, and the most competitive prices. | |
Fewer approvals: No need to approve every token on multiple DEXs and aggregators for each trade. With Swaps, users only need to approve each token once, reducing gas costs and shortening the path to executing a swap. | |
Reduced gas costs: Each aggregator pursues a different path to locate the best trade. Each route requires a varying amount of gas fees to execute the transaction. Swaps sources the best prices and determines which aggregator is the most gas efficient for every trade. | |
Quantitative Benefit
As of March 2021, users have completed over 341,000 peer to peer swaps worth over US$1 billion. | |