ConsenSys recently announced the deployment of Smart Transactions, a new feature rolling out to all MetaMask users globally.
Smart Transactions aim to enhance transaction success rates, reduce gas costs, and protect users from MEV attacks like frontrunning and sandwiching. Users can expect improved success rates due to pre-simulation using MetaMask’s service. During beta testing, Smart Transactions achieved a 99.5% success rate.
The feature also includes a real-time transaction status dashboard within the wallet. According to ConsenSys, over 52,000 ETH was wasted on failed transactions in 2023.
MetaMask’s Executive Director of Product, Gal Eldar, emphasized the complexity of submitting transactions to a distributed network and the resulting frustration and financial losses for users.
MetaMask previously faced issues with fake apps on the Apple App Store but has since resolved them and continues to operate on both Google Play Store and Apple’s App Store.
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