Dogecoin Vs MetamaskSwap

Introducing MetaMask Swaps

MetaMask users can now swap tokens directly from their wallet. Swaps combines data from multiple decentralized exchange aggregators, professional market makers, and individual DEXs — like AirSwap — to ensure MetaMask users always get the best price with the lowest network fees.

Recent months have seen large-scale adoption of decentralized exchanges (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.

With a focus on user experience we’ve also prioritized security. The underlying smart contracts have been audited by ConsenSys Diligence and a report can be found here.

Compare Prices and Swap Directly From MetaMask

Find the best price every time. By requesting prices from all available aggregators, along with individual market makers, Swaps ensures that every MetaMask user always has access to the largest selection of tokens, and the most competitive prices. A service fee of 0.875% is automatically factored into each quote, which supports ongoing development to make MetaMask even better.

Fewer approvals. No need to approve every token on multiple DEXes and aggregators for each trade. With Swaps, users only need to approve each token once, reducing gas costs and shortening the path to executing their token swap.

Reduced gas costs. Each aggregator pursues a different path to locate the best trade. Each route requires a varying amount of gas fees to execute the transaction. Swaps sources the best prices and determines which aggregator is the most gas efficient for every trade.

Slippage protection. Large swaps are often subject to wild price swings when there is insufficient liquidity available on a particular DEX. When swapping in MetaMask, orders are spread across virtually all DEXs to reduce slippage impact on the final price.

Swaps is available now in the Chrome and Firefox extensions, rolling out shortly to other browsers and coming soon to MetaMask Mobile.

Getting Started

1. Open the MetaMask extension
2. Click the new ‘Swap’ button
3. Select the tokens you want to swap and click ‘Get quotes’
4. Let MetaMask work it’s magic
5. Compare all available quotes and select the best one
6. Click on ‘Swap’ and wait until the transaction completes

A Better DeFi Experience for the Ethereum Ecosystem

By building a single end-to-end experience, MetaMask empowers Web3 users to browse and interact with the entire decentralized web.

A simple, streamlined experience reduces friction for new token users, bringing more people into DeFi. It enables more trades, faster, by providing an optimized path for fees. And, crucially, bringing greater transparency and efficiency to decentralized finance on Ethereum. This equates to a better network for all — one with fewer fees and reduced network congestion.

Dogecoin: The origin story of the Elon Musk supported cryptocurrency

Before Elon Musk, Dogecoin was an elaborate prank taken to the extreme.

June 22, 2014. Jackson Palmer, a self-identified “average geek,” is high in the stands at a Nascar race at the Sonoma Raceway in California. He is an Australian man in his 20s. He has zero interest in racing. Never in his wildest dreams did he imagine it would come to this.

He surveys the scene.

Below him: a tremendous crowd. The overwhelming blare of engines. Hurtling round at tremendous speeds: the #98 Moonrocket, a high-performance racing car. No different from the other cars on the track, except for one crucial detail.

On the bonnet of the car: a dog. A Shiba Inu, more commonly known as a “Shibe,” the dog made famous in the Doge meme that was popular in 2013.

Emblazoned on top: the word “DOGECOIN” in all caps. Below: “digital currency”.

Palmer describes the situation using words like “crazy,” “surreal” and “nuts.” He remembers this moment as a “reality check.” Dogecoin was a tweet, then it was a cryptocurrency worth money in the real world. Six months later, he watched as a joke that he’d made in passing somehow manifested itself into something tangible. A Dogecar in full flight.

It reminded Palmer how insane the world could be.

This is the story of Dogecoin, the joke that became too real for its own good.

The next big thing

Dogecoin is a cryptocurrency, a form of digital money that, much like bitcoin, enables peer-to-peer transactions across a decentralized network. One important difference: bitcoin is the original blockchain proof-of-concept. Bitcoin is ground-breaking. Bitcoin is (some believe) world-changing tech with the potential to transform how money works in the 21st century.

Dogecoin is a digital coin with a picture of dog on it.

“It is a puzzle to me why Dogecoin is so highly valued,” says Adrian Lee, a senior finance lecturer at the University of Technology in Sydney.

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Dogecoin is currently worth $80 billion. It’s difficult to make sense of that.

“Dogecoin is an easily replicable coin,” Lee said. “I don’t know how it distinguishes itself from Bitcoin. I really think it has to do with being established early.

“And also the dog.”

If you’ve spent any time on the internet during the last decade, you’ve probably heard of the Doge meme. The iconic Shibe, his inner monologue expressed in comic sans with broken modifiers: “so scare,” “much noble,” “wow.”

At the peak of the meme’s popularity near the tail end of 2013, Palmer, an Australian marketer for one of the world’s largest tech companies, made a joke combining two of the internet’s most talked-about topics: cryptocurrency and Doge. It was a joke taking aim at the bizarre world of crypto and bitcoin’s multiple derivatives.

“Investing in Dogecoin,” Palmer tweeted, “pretty sure it’s the next big thing.”

The tweet got a lot of attention.

For laughs, Palmer decided to keep the joke going. He bought the Dogecoin.com domain and uploaded a photoshopped Shibe on a coin.

He left a note on the site: If you want to make Dogecoin a reality, get in touch.