MetaMask has introduced a new feature allowing users to pay network fees using a selection of Ethereum-based tokens instead of ETH.
The Gas Station feature, announced on Feb. 5, aims to enhance accessibility by removing the requirement to hold native blockchain assets for transaction fees. The update enables users to complete transactions using approved tokens, which include stablecoins like USDT and USDC.
The feature will initially be limited to the Ethereum ecosystem, but MetaMask has indicated plans to expand support for additional tokens in the future.
Addressing gas fee challenges
Ethereum transaction fees, or gas fees, have long been a point of friction for users, particularly during periods of high network congestion. Traders frequently need to maintain a balance of ETH solely to cover gas costs, which can be inconvenient for those who primarily interact with stablecoins and wrapped assets.
MetaMask’s Gas Station is expected to streamline transactions, particularly for DeFi users who rely on stablecoin-based trading strategies. This development follows a broader trend where DEX trading volume has increasingly shifted to networks like Solana, where transaction fees are significantly lower.
The move comes as Ethereum gas fees have declined following a recent market correction. As of this week, the average gas cost for simple transactions has dropped to $1.11, a sharp contrast to the $25+ fees seen during peak trading periods.
Despite this, Ethereum remains the dominant blockchain for DeFi and token swaps, and MetaMask aims to retain its position as the preferred self-custody wallet for on-chain transactions.
Integrated with Swaps
To ensure smooth operations, the Gas Station feature will be directly tied to the Swaps function, guaranteeing that transactions are processed even in volatile market conditions.
MetaMask will source gas fee pricing from multiple DEXs, market makers, and liquidity aggregators to provide users with the most competitive network fees available.
MetaMask Swap, the wallet’s built-in decentralized exchange (DEX) aggregator, has facilitated more than $36 billion in trading volume, with over 82% of swaps occurring on Ethereum. The service is frequently used by high-net-worth traders, or Ethereum whales, who account for over 35% of total swap activity.
Despite its convenience, MetaMask Swap has been criticized for its relatively high costs compared to direct DEX interactions. However, its seamless integration within the wallet has made it a go-to choice for users seeking quick transactions without manually connecting to multiple exchanges.
The post MetaMask adds Gas Station feature for token-based transaction fees appeared first on CryptoSlate.
