Introduction:

MetaMask users can now swap tokens directly from their wallet. Swaps combines data from multiple decentralized exchange aggregators, professional market makers, and individual DEXs. Compared to centralized exchanges, DEXs offer more pairs when trading, provide access to a greater diversity of tokens, and enable non-custodial swaps that keep funds safer. However, users of decentralized exchanges often don’t receive the best price when insufficient liquidity is available or if a particular decentralized exchange doesn’t have the best available price.

Before MetaMask Swaps, users would navigate many DEXs to compare prices and swap tokens. However, using a single DEX or DEX aggregator doesn’t always yield the best price for every trade, as each aggregator performs differently under different circumstances. Additionally, users needed to approve each token on each DEX, incurring expensive gas costs.

We knew if we could solve these problems, we could remove friction for millions of users, democratize access to Web3 and DeFi and increase the efficiency of these systems. That’s why we’ve collaborated with the AirSwap team at ConsenSys to build Swaps: a feature that enables any Web3 or DeFi user to easily access the tokens they need for the sites they use. By integrating data from the largest liquidity sources in the ecosystem — including Uniswap, AirSwap, 0x API, 1inch.exchange, Paraswap, Totle, and dex.ag — MetaMask Swaps lets users access all decentralized liquidity sources in one place.[1]

Method:

1-comparison between metamask swap users and 5 other platforms

2-comparison between metamask users volume and other platforms in USD

3-comparison between metamask users and other platforms in the aspect of transaction numbers

4-comparison between metamask users and other platforms in the aspect of transaction numbers over time from 2021

5-comparison between metamask users and other platforms in the aspect of volume in USD over time from 2021

6-comparison between metamask users and other platforms in the aspect of average amount swapped in USD over time from 2021

7-comparison between metamask users and other platforms in the aspect of total gas fee spent

8-comparison between metamask users and other platforms in the aspect of average gas fee spent in USD over time from 2021

It is clear that uniswap has the most users and after that is metamask

We can see that in the aspect of volume swapped uniswap is the first platform and metamask is the last one.

uniswap has the most transaction volume

this chart shows how many users are swapping via MetaMask vs other platforms over time

Volume of metamask user are very little in front of other platforms

avergare amount of each swap in every transaction in metamask is little in front of other platforms

Totally we can see that most of times metamask has the less average fee in vs other platforms

1-uniswap has the most users and after that is metamask

2-in the aspect of volume swapped uniswap is the first platform and metamask is the last one.

3-uniswap has the most transaction volume

4-for tiny transactions users use metamask but for large transactions users desire to use other platforms especially uniswap.

5-uniswap has the most transaction volume

Conclusion:

[1] : https://medium.com/metamask/introducing-metamask-swaps-84318c643785