News

MetaMask Swaps Adds Support For Optimism And Arbitrum

Key Points:

  • The swap function of MetaMask now supports Optimism and Arbitrum.
  • With the expansion, the dApp has added the number of compatible chains supported to 16.
  • ConsenSys is committed to protecting the privacy of its users in its latest announcement with more specific updates.
The swap function of MetaMask has announced the addition of support for Optimism and Arbitrum. Users can instantly switch inside their MetaMask wallets while connected to Optimism or Arbitrum networks.

With the expansion to Optimism and Arbitrum, MetaMask has added the number of compatible chains supported on this dApp to 16.

Metamask supports any network that is compatible with the Ethereum network, such as the Binance Smart Chain, Cronos, and Avalanche networks. Users will need to manually add these networks to their wallets based on the documentation given by each network.

The default network for all wallets is the Ethereum mainnet. However, users are also able to connect Metamask to other blockchain networks, such as Polygon, Fantom, Binance Smart Chain, Avalanche, Cronos, Harmony ONE, Velas, HECO, xDAI.

Last month, ConsenSys updated its privacy policy, stating that it collects IP addresses and wallet addresses of the wallet users when they use the infrastructure service Infura, which is also owned by ConsenSys. Infura is the default way for MetaMask users to connect to the Ethereum blockchain. The company updated its privacy policy following the Uniswap DEX.

Coincu previously reported that ConsenSys was met with a lot of criticism from the community after updating the privacy policy. The company has voiced its commitment to protecting the privacy of its users in its latest announcement with more specific updates.

Accordingly, ConsenSys says it does not store wallet account address information when the waller users make a “read” request through Infura, such as to check their account balance in MetaMask. So there is never a problem with linking a wallet account address with an internet protocol (IP) address.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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