Improve the blockchain interactive experience! MetaMask launches intelligent trading function to reduce users’ MEV losses

MetaMask announced the launch of anti-MEV submission transaction function - Smart Transactions, which reduces MEV losses to users by submitting user transactions to trusted builder network auctions And increase the probability of transaction success.

Blockchain interaction experience is bad

According to statistics from the MetaMask team, about 15% of transactions submitted by users to the blockchain every year will fail. About 47,000 ETH were spent on the transaction; and the MEV arbitrage robot obtained more than 120,000 ETH from successful transactions, which is approximately US$400 million.

The above situation, whether it is transaction failure or MEV loss, has caused a great negative perception on the blockchain interactive experience of ordinary users.

MetaMask launches intelligent transaction function

The MetaMask team collaborates with the Special Mechanisms Group, the research department of Consensys, to design and create an intelligent transaction function, so that all transactions submitted by users from Metamask can be trusted Block builders produce blocks to reduce the chance of arbitrage by MEV and increase the success rate of transactions.

After the user signs and submits the transaction to the blockchain, the transaction can be auctioned to a trusted blockchain builder network instead of being thrown into the public memory pool (mempool). Through the bidding mechanism, Users can conduct transactions in a way that preserves the most of their own rights and interests.

According to the team, using the MetaMask intelligent trading function will increase the transaction success rate to 99.5%.

Currently, MetaMask’s intelligent trading function has been launched on the Ethereum network. It is turned off by default. Users who want to try it can turn it on in the wallet settings page. This function currently does not charge any additional fees.

MetaMask setting page

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