MetaMask has launched the Gas Station feature, solving the problem of users being unable to complete transactions due to insufficient Gas fees. By including the Gas fee in the token to be traded, it achieves a seamless Swap experience without the need to purchase additional ETH, increasing transaction speed and convenience, allowing Web3 users to easily participate in blockchain transactions.
(The first on-chain payment card, MetaMask Card, is now available, supporting USDC, USDT, and WETH!)
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ToggleLetting insufficient Gas fee no longer be a transaction obstacle
MetaMask recently announced the launch of the new Gas Station feature, allowing users to include the Gas fee in the transaction quote when making a transaction, avoiding the predicament of being unable to complete a transaction due to insufficient ETH balance.
In the Ethereum and other blockchain networks, a Gas fee is required for each transaction. The frustration of insufficient balance in the wallet to complete a transaction has often occurred, and users need to purchase tokens through centralized exchanges or credit cards, incurring additional fees and time, causing them to miss timely trading opportunities:
For users who frequently use the blockchain, this situation may even lead to potential losses.
Gas Station: A new way of transactions with built-in Gas
To solve this problem, MetaMask has launched the Gas Station feature, allowing users to complete Swap transactions with the Gas fee already included, without the need to prepare additional tokens as Gas, as the transaction quote will directly include the network fee.
The statement reads that users no longer need to perform cumbersome on-chain operations, nor will they miss many opportunities while waiting for token deposits:
In addition, Gas Station will also compare the best transaction quotes in the market through market makers and decentralized exchanges (DEXs) to ensure that users get the most competitive prices and the lowest network fees.
It is reported that the supported asset categories include USDT, USDC, DAI, ETH, wETH, wBTC, wstETH, and wSOL, and when using the Gas Station service to conduct transactions, the transaction amount must be greater than the Gas fee, otherwise the transaction will fail.
Currently, Gas Station has been launched on the Ethereum mainnet in the MetaMask Portfolio web browser, and will be expanded to the mobile app version in the future.
Fierce competition among wallet providers
Previously, the crypto wallet launched by the online broker Robinhood also supported this feature early on, emphasizing that Ethereum network users do not need to hold ETH to conduct transactions, and the on-chain fees will be deducted from the user's held tokens.
A few weeks ago, the Solana wallet Phantom just announced a $150 million Series C funding round led by Sequoia and Paradigm at a $3 billion valuation, and the team plans to further invest in innovation, intending to collaborate with the embedded wallet provider Bitski and the security service provider Blowfish acquired last year to build a mainstream financial infrastructure for global users.
(Solana: Phantom announces $150 million funding from Sequoia and Paradigm)
Risk Warning
Cryptocurrency investment is highly risky, and its price may fluctuate dramatically, and you may lose your entire principal. Please carefully evaluate the risks.
