- MetaMask’s September updates streamline connections to dApps across multiple networks.
- Enhanced visibility of ERC-20 token financial data aids user investment understanding.
MetaMask, one of the oldest ERC-20 token wallets in the cryptocurrency ecosystem, has recently announced three significant updates that enhance the user experience and streamline operations within its wallet. Released in September, these updates come at a time when MetaMask has made a concerted effort to improve its functionalities. ConsenSys, the parent company behind MetaMask, has launched a total of six updates since August, focusing on increasing token visibility, refining signature requests, and facilitating the simultaneous use of applications across different cryptocurrency networks.
The first major update, announced on September 2, allows users to connect to decentralized applications (dApps) across multiple networks without the cumbersome need to switch networks manually. Previously, users had to transition between networks—such as moving from Polygon to the BNB chain—either by manually changing settings or by approving an automated network change request. This process was not only tedious but also hindered the efficient use of various dApps.
With the new update, MetaMask retains the selected network for each dApp, eliminating the need for manual switching and reducing the number of confirmations required when navigating between networks. Developers have assured users that while the manual switching has been simplified, certain permissions will still need to be confirmed to maintain security and control over transactions.
The second update, announced on September 4, significantly improves the display of financial data for ERC-20 tokens stored in the wallet. This enhancement allows users to see crucial metrics such as percentage changes over the last 24 hours, market capitalization, total trading volume, and the all-time highs and lows of various tokens. By clicking on a specific token, users can access detailed financial data, thereby gaining a clearer picture of their investments and the market landscape.
The third update, released on September 9, simplifies the review of signature requests, which are essential notifications generated when executing actions in the wallet that involve interactions with smart contracts. Previously, users faced challenges understanding the implications of the signatures they were authorizing due to the presence of cryptic codes and technical jargon. With the rollout of version 12.2 of the MetaMask extension, users will notice a redesigned interface for Ethereum approvals and sign-in signatures, making it much more user-friendly.
Although the changes will be introduced gradually to ensure a seamless transition, the goal is to demystify the process of approving transactions.
In addition to these updates, MetaMask had already implemented several notable features in August. One such feature is real-time portfolio notifications, which alert users to important events, including the sending and receiving of funds, as well as NFT transactions. These notifications enhance the wallet’s usability by keeping users informed about their activities in the crypto space.
Furthermore, MetaMask introduced a streamlined “Send and Swap” function, enabling users to transfer cryptocurrencies quickly to various addresses with a single click. Another critical addition is the integration of Wallet Guard, a feature designed to protect users against fraud and cyber threats within the web3 ecosystem.