anonrink

💣 The Wild, Weird World of $BOMB and Friend 💣
Why did the dog wear sunglasses? Because its token just 100x’ed.
Welcome to the absurdly wonderful universe of memecoins, where jokes print millions, dogs moon harder than blue chips, and yes, someone actually named their coin $BOMB — and it’s blowing up.
If you’re a crypto newbie and wondering how memes became money, this article is your front-row ticket to the most ridiculous, risky, and sometimes rewarding corner of the blockchain.
🤔 What Even Is a Memecoin?
Imagine Dogecoin and Shiba Inu had a baby... and that baby was raised by Elon Musk tweets and Reddit threads.
A memecoin is a cryptocurrency born from internet culture — sometimes satirical, sometimes serious, but mostly just funny. Unlike Bitcoin (which aims to be digital gold) or Ethereum (which powers smart contracts), memecoins often have no deep use case, no whitepaper, and no chill.
They are volatile, viral, and occasionally victorious.

📈 Why Do Memecoins Go Up?
Here’s the big secret: they don’t always.

But when they do… it's usually thanks to one of these:
🚀 Hype and community – Memecoins are powered by memes, but fueled by people. If the community vibes, the token thrives.🐸 Culture + Timing – From Pepe to Wojak to $BOMB, memecoins ride meme cycles and social moments like a pro surfer on a tsunami of dopamine.💬 Viral moments – One good tweet, one TikTok, one mysterious whale buy… and boom.
Literally. 💣

💣 Enter: $BOMB – The Meme That Blew Up
Among all the dogs, frogs, and food tokens, one new explosive contender is making noise: $BOMB.
So what’s the deal?
It’s got memes – Think "this is fine" dog but holding TNT.It’s got a story – A token that embraces volatility. It’s not just risky… it admits it’s risky. That’s refreshing.It’s got a plan – While other memecoins ride trends, $BOMB builds a tight-knit community, meme contests, and micro-burns that keep it spicy.
In a market full of clones, $BOMB says: “Let’s make memes dangerous again.”

⚠️ But wait… Are Memecoins Dangerous? - Yes, yes they are. Especially if you invest your rent money into something called “FroggyNuts420”.
Here are the rules:
Only invest what you can afford to lose.Memecoins can pump 500% in a day… and dump 90% faster than your ex ghosted you.Do your own research. Even with $BOMB — join the community, read the vibe, and meme responsibly.

Q and A
Are memecoins serious? - No. And that’s kind of the point.Can I get rich? - Maybe. But probably not.What makes $BOMB unique? - Explosive humor, spicy community, chaos.Should I invest in it? - Only after doing your research. Can I bring snacks? Only if they’re dynamite rolls. 🍣💣
🎉 Final Thoughts
Crypto doesn’t always have to be suits and staking. Sometimes it’s memes, chaos, and a coin named $BOMB lighting up your wallet (and your Twitter feed).
So if you’re a beginner looking for a laugh, a lesson, and a little leverage into the world of crypto culture — memecoins might just be your gateway drug.
But remember: the only thing guaranteed to blow up… is the meme. 💥

Many crypto-enthusiasts often prefer to “hold” cryptocurrencies in the hope that sooner or later the asset will begin to increase in value, however, this is not always effective. One can notice a trend that all the financially savvy people keep their fiat funds in banks, which offer different interest rates so that people can gradually multiply their capital, while banks are effectively dealing with their deposits, these kinds of options used to be available only in the fiat sector of the economy, cryptocurrency loans are now entering the market. In order to stay on the cutting edge Guarda (https://guarda.com/) has already partnered with CoinRabbit to provide you with the best experience.
What is a cryptocurrency loan?
Cryptocurrency is primarily an investment asset, the sale of which involves a loss of potential profit. However, if you pledge it, you preserve your assets and at the same time benefit from them
Getting loans with cryptocurrency is surely less complicated than getting traditional loans from banks. The term “Crypto loan” refers to loans made in digital currency, rather than fiat currency. Cryptocurrency loans work in a very similar way to conventional loans where someone borrows a certain amount in digital currency and then repays that amount plus interest over a certain period of time. Unlike personal loans or credit cards, collateralized loans are much more secure for the lender, which enables the borrower to take advantage of cheap interest rates.
Let’s take a look at this case: Jack is a crypto enthusiast and has fiat loans that need to be paid back as well as bills to pay. He can’t quite match his income with his expenses, and he has no choice but to sell his accumulated cryptocurrency assets of 1 BTC. However, he definitely doesn’t want to part with them because he is sure that the value of BTC will increase in the near foreseeable future.
That’s when Guarda can come to the rescue. To get a loan users send their crypto as collateral, and our partner then lends stablecoins (USDT or USDC) to them at a certain interest rate. You can use crypto as a collateral asset to receive 50% of the LTV (loan-to-value) in stablecoins. It will be held safely and returned to you as soon as you repay your loan.
What are the benefits?
You can get your collateral back anytime. In order to do that, you have to make your loan’s repayment. It consists of the amount lent and the accumulated APR counted monthly during your loan’s period. After your payout transaction is confirmed, your collateral will be sent back to you.No additional fees for loans longer than 30 days.The annual fee is charged at the beginning of each month. You can easily check the total amount of the loan, including all the fees, in your loan details in the Borrow tab.Borrow as much and as often as you want. There’s no real limit as long as you’re willing to post the collateral.

How to get a crypto loan?
Launch Guarda Wallet on the web or desktop, open the “Borrow” tab, and calculate your loan using different collateral options. (Note: You can check loan terms, annual interest rate, price-down limits, and fees after setting a collateral amount and the currency you want to borrow.) Select your payout address and collateral amount ($100 or more) and confirm the transaction. You will see a confirmation page with transaction details and will be able to set up SMS notifications. We really advise you to turn notifications on at this point because that is the quickest way to receive important information about the rates and status of your loan. We will only notify you if your loan reaches any of the three limit zones, or if your collateral has been sold. Seriously, no spam!As soon as the collateral is sent and confirmed in the network, you will receive the loan amount to your payout address in a few minutes without any additional checks. Both outgoing and incoming transactions will be also seen in your History tab.
Conclusion
The partnership between Guarda and CoinRabbit is a new round of digital development and an additional user-friendly feature that Guarda is introducing to fully engage users with its ecosystem. Certainly, these things deserve the most attention, because now, in order to get a loan for a certain amount, there is no need to stand in bank queues, collect tons of paperwork, look for certificates, etc.
One of the major advantages of a crypto loan is that, unlike traditional banking, you won’t be subject to your credit score assessment. This makes lending more accessible to people who don’t have a credit history, underbanked consumers who don’t have a bank account, and freelancers who struggle to access credit. The blockchain ecosystem allows us to get rid of hundreds of centralized intermediaries that complicate the process.

$BTC

Splitgate, a first-person shooter that pairs arena-style blasting with the ability to spawn and travel through portals, will implement the ability to earn Bitcoin by playing thanks to a new Lightning Network integration from fintech startup ZBD.
ZBD has collaborated with Splitgate developer 1047 Games to roll out the Bitcoin integration for the PC version of the free-to-play shooter, with an upcoming tournament set to showcase the Lightning payments functionality while awarding players a share of a 0.5 Bitcoin prize pool—about $19,000 worth as of this writing.
The Splitgate Winter Invitational will kick off in December with 16 teams, with the first round of action on December 10-11, a second round losers showdown on December 16-17, and ultimately the grand finals on December 22. ZBD also plans to beta-test the functionality ahead of the tournament.
Interested players can find details via the ZBD Discord server, with registration closing ahead of the first round on December 10. Players must be at least 18 years of age with a ZBD account and reside in the United States or Brazil. The feature will let players earn Bitcoin rewards for winning matches, plus players can opt to pay into the prize pool to sweeten the pot for all.
“Splitgate continues to have a loyal and engaged player base. We’re always excited to hear innovative solutions to reward our players, such as what ZBD has done, and the tournament that they plan to hold,” said 1047 Games CEO and co-founder Ian Proulx, in a release.
Splitgate initially launched in early access in 2019 and saw a surge in popularity when it entered an ongoing beta phase in 2021—so much so that the servers buckled from demand.
1047 Games announced in late 2022 that it would end active development on the game in favor of focusing on its next project, but Splitgate remains online and free to play. The company says it has been downloaded over 18 million times across platforms. In 2021, the studio raised a $100 million funding round at a $1.5 billion valuation.
ZBD has previously integrated its Lightning-based Bitcoin tech into other big, mainstream PC games, albeit typically in an unofficial fashion without collaborating with the game studio. In 2021, the company launched a Counter-Strike: Global Offensive (CS: GO) server that lets players pay a small entry fee before each match before potentially earning a larger chunk of Bitcoin.
More recently, ZBD provided a Bitcoin earning integration for Microsoft’s smash hit game Minecraft, as seen on the Satlantis player-run server. Satlantis ran for months before Microsoft and developer Mojang cracked down on it, threatening to block the server after updating its usage rules to prohibit crypto earnings. Ultimately, Satlantis removed the functionality.
ZBD’s tech also powers a number of mobile games that pay out small amounts of Bitcoin to players, plus its Android app provides access to numerous games with Bitcoin earnings.
This isn’t the first time that Splitgate has waded into the blockchain world. In 2019, 1047 Games linked up with crypto video streaming platform Theta (called Sliver. tv then) to provide NFTs and token rewards for spectators. In 2021, the studio partnered with crypto startup Epik Prime to release a series of premium Splitgate NFT collectibles.

I recently read an article from a well-known exchange on cryptocurrency triparty arrangements. This is a big deal because it means that crypto is finally becoming more institutional.
What is a triparty arrangement?
A triparty arrangement is a way for institutional investors to trade cryptocurrencies without having to worry about the risk of their counterparty defaulting. This is because the collateral for the trade is held by a third-party custodian, which is typically a bank.
Binance is the first exchange to offer a triparty arrangement.
Binance has been working to make crypto more institutional. They announce that they have successfully executed the world's first cryptocurrency triparty arrangement with a third-party banking partner.
This is a big deal for a few reasons:
It shows that institutional investors are finally taking crypto seriously.It makes it easier for institutional investors to trade cryptocurrencies.It could help to reduce the volatility of the cryptocurrency market.
I think this is a positive development for the crypto market. It shows that crypto is maturing and becoming more institutional. This could lead to more widespread adoption of cryptocurrencies and a more stable market.
However, there are a few things to keep in mind:
Triparty arrangements are still relatively new, so it is not clear how they will work in practice.Triparty arrangements could add another layer of complexity to the cryptocurrency market.Triparty arrangements could make it more difficult for individual investors to trade cryptocurrencies.
Despite these concerns, I believe that triparty arrangements are a positive development for the crypto market. They could help to make crypto more institutional and stable, which could lead to more widespread adoption.
I will continue to monitor the development of triparty arrangements and report on any new developments.
Disclaimer: This is not financial advice. Crypto exchanges are risky. Please do your own research.

Venturing into the Crypto World often involves seeking new avenues for earning money. The first idea that usually comes to mind is cryptocurrency mining, but usually, it's quickly discarded due to the high cost of equipment. The most common way to acquire cryptocurrencies is to purchase a few crypto assets on exchanges using fiat (such as dollars, euros, and so on). Afterward, you can either enter the investment field and closely monitor the market's pulse or delve into farming. But what exactly is farming, and how much can you earn from it? Let's find out below.
Cryptocurrency farming: what is it?
Farming is one of the central concepts in the world of cryptocurrency lending systems. It involves entrusting your crypto assets to external entities according to the terms of an agreement. The agreement outlines the conditions for returning the assets and the interest rate charged for the services rendered.
In essence, farming is a method of passive income generation by renting out your crypto assets. DeFi platforms often utilize rental services to maintain the liquidity of their pools and ensure the stability of their projects.
The pros and cons of cryptocurrency farming
At first glance, what could be simpler than renting out your property and earning income in return? To many investors, cryptocurrency farming appears to be the perfect scheme for making money. Unfortunately, it's not quite that straightforward. 
Advantages of cryptocurrency farming:
Passive income. Farming offers entrepreneurs a percentage of their cryptocurrencies, or rather, their use by third parties. This eliminates the need to engage in trading on exchanges to increase your crypto wallet balance.Diversification of crypto portfolio. Farming involves continuously diversifying your crypto portfolio with various types of cryptocurrencies. To maximize earnings, crypto owners need to invest in different projects and liquidity pools that typically reward users with their tokens. This ensures that an entrepreneur's crypto portfolio is equipped with various cryptocurrencies, minimizing losses in case one of them declines.Supporting the DeFi ecosystem. The development of DeFi platforms largely depends on investor participation. Maintaining platform liquidity allows projects to issue retrodrops, attracting new users and increasing platform activity. All of this enables DeFi projects to strengthen their market positions, enhance security systems, and serve a larger customer base.
Now, let's consider the risks:
Low interest rates. As mentioned earlier, platforms pay crypto asset owners for their use, but this sum may not always cover losses. In the event of a cryptocurrency market drop or a sudden "crypto winter", user funds can either be lost or frozen.High market volatility. This factor is the primary obstacle for investors aiming for "gold mines" in trading. The cryptocurrency market is highly unstable, and price fluctuations can significantly damage an entrepreneur's wallet.Smart contract vulnerabilities. Farming relies on smart contract systems, which handle the creation of rental agreements, monitor their execution, calculate interest, and transfer funds between accounts, among other things. While this process is automated and time-saving, smart contracts can contain errors and experience technical failures. 
Cryptocurrency farming can indeed offer exciting opportunities for income generation, but it comes with substantial risks that demand careful consideration. Diversification and a thorough understanding of the crypto market are key to navigating this field successfully.
Key cryptocurrency farming strategies
Experienced investors have learned how to earn from cryptocurrency farming by assessing risks and developing profitable strategies. Here are some of them:
Participating in high-yield pools with high risks. Typically, this is a high-stakes game suitable only for self-assured investors. Investors who choose this strategy are willing to take significant risks and are confident in their abilities. In case of losses, they can quickly replenish their wallets through other operations and are unafraid of taking risks on exchanges.Investing in stablecoin pools. This strategy shields investors from the risks associated with the high volatility of cryptocurrencies, as stablecoins are known for their price stability. While the returns may be lower compared to riskier pools, income is more stable.Reinvesting in the same pool. Reinvesting allows for the multiplication of income over time.
Conclusion
Cryptocurrency farming, that seemingly effortless endeavor promising passive riches and endless intrigue, has left many investors pondering its enigmatic nature. As we've unraveled its mysteries in this article, we've encountered both the alluring and perplexing facets of this digital domain.
On the one hand, there are the daring souls who leap headfirst into high-yield pools, ready to dance on the precipice of risk and reward. Then there are the steady sailors of stablecoin pools, sailing the tranquil seas of predictability. And let's not forget the clever compounding strategists, diligently turning percentages into percentages of percentages.
Yet, the cryptocurrency market remains the wildest of roller coasters, where dreams of wealth are chased by the ghosts of market crashes. While the experts prophesize a future where cryptocurrencies find stability and DeFi reigns supreme, today's reality is a chaotic whirlwind.
In the grand scheme of things, cryptocurrency farming is a dynamic and ever-shifting puzzle, requiring its players to balance the tightrope of risk and reward. It's far from a guaranteed path to financial Nirvana, and potential participants should be prepared to surf the waves of unpredictability.
In essence, the decision to embark on a cryptocurrency farming escapade should be made with well-aligned financial goals and a willingness to embrace uncertainty. As with any adventure, thorough research, diversification, and a dash of irony will be the key to not only surviving but thriving in the cryptic realm of cryptocurrency farming. After all, what's life without a little irony?

$LINK

Chainlink, a leader in the crypto oracle space, has taken a significant step forward with the introduction of Staking v0.2, an upgraded version of its initial staking program. This development represents a notable advancement in Chainlink's technology and strategy, offering insights into the evolution of cryptocurrency utilities and their broader market implications.
The upgrade process for Chainlink Staking v0.2 commenced on November 28, with a nine-day priority migration window for existing v0.1 stakers to transfer their staked LINK. This transition period underscores the platform's commitment to ensuring a seamless upgrade for its existing user base. Following this, early access opened on December 7, allowing eligible addresses to stake ahead of the general public. This phased approach demonstrates Chainlink's strategy to manage network capacity and user experience effectively.
Chainlink 2.0 and Super-Linear Staking
The aim behind super-linear staking is the creation of a cryptoeconomic security framework under which an attacker will need significantly more resources than that which all Chainlink nodes have staked combined. One of the specific reasons for this aim is to resist attacks on the network from well-funded actors. Chainlink aims to prevent its node operators from being bribed, in particular. In many staking networks, if a node has X amount staked, then a bribe of X+d, where d is some small amount, should be sufficient to incentivize an economically rational agent to take the bribe. Bribing all nodes (where there are n nodes) would cost n * X. Super-linear staking aims to make the capital requirements for a successful attacker to be considerably more onerous, where the sufficient bribe budget must be greater than:

Superlinear staking is achieved via a tiered, or second layer, approach to watchdog priority. There's a default tier (the oracle network composed of n nodes) and a backstop tier composed of a user-selected set of nodes that have particularly good reputation scores or many more nodes. If an attacker wants to slip a nefarious entry past validators, then they might bribe a watchdog. Chainlink’s super-linear staking requires all node operators to be bribed since any of them can alert the network to a suspected malicious event. Hence, the quadratic scaling with n, where n is the number of nodes in the network. 
This model ensures nodes are incentivized to report correct values as agreed upon by other nodes. Therefore, Each new user joining the Chainlink DON lowers the cost for other users on the network and lowers the average cost per unit of economic security. Due to super-linear staking, more nodes existing in a network contribute to a more economically secure network. Both implicit and explicit incentives will now secure Chainlink and super-linear staking signifies Chainlink’s approach to change economics to capitalize on network effects with incentives to run more nodes, as well as on economies of scale where security becomes cheaper as more nodes join. 
Chainlink’s cryptoeconomics aims to create a feedback loop in which increased user fees incentivize node operation, which, in turn, leads to more data being put on chain.

In addition to protecting oracles and their uses, this economic incentive-based data-security model makes it more profitable for data providers to lock up collateral. In addition to price appreciation in virtue of increased buy pressure, tokens are being locked up as deposits, thereby effectively taken out of circulation. Combine this with LINK’s non-inflationary tokenomic model (it's fashionable for many DeFi platforms, particularly those offering very high APYs to users out of inflationary token emissions), and there's a strong case to be made for LINK’s potential to accrue value. A buyback-and-burn or non-deflationary stake-and-earn model that diverts profits to token holders.

​The long-term goals of Chainlink staking include increasing the crypto-economic security for Chainlink services, which is enabled by LINK tokens being able to be locked up as a service-level guarantee for network performance. An oracle’s stake can be slashed for violating the SLA terms. Another goal is higher community participation in the network and the generation of sustainable rewards for participation with the ability to stake LINK alongside node operators. Stakers will also have the chance to raise alerts against oracles and get rewarded if an oracle’s performance standards aren’t met. Related to user alerting, Chainlink is also introducing a reputation model for nodes to bring further security. This is another goal of Chainlink staking—to establish a reputation framework based on which nodes can be selected to participate in network services. Nodes will be judged based on response time and data accuracy as well as considering the amount of LINK each node is willing to stake for their oracle services.
Native LINK token emissions will set an initial base level of rewards, and as network usage increases, more rewards can come from other sources, such as user fees and loss protection. 

The launch of v0.2 is not just an upgrade but a transformation of the initial staking program into a more sophisticated, adaptable, and upgradeable platform. With an increased total pool size of 45 million LINK, v0.2 offers greater capacity for participation. Notably, the staking limits are differentiated between community stakers, capped at 15,000 LINK, and node operator stakers, with a higher cap of 75,000 LINK. This tiered approach reflects a thoughtful balance between inclusivity for individual stakers and the operational needs of node operators.
In conclusion, the launch of Chainlink's Staking v0.2 represents a significant advancement in the functionality and utility of the LINK token. This development not only enhances Chainlink's offerings but also contributes to the broader evolution of the cryptocurrency market, highlighting the increasing importance of utility and innovation in the sector.

$ETH
The second most popular cryptocurrency in the world, Ethereum (ETH), last year announced the transition from the outdated Proof-of-Work consensus algorithm to the new Proof-of-Stake. This change has greatly improved the platform ecosystem, but some pressing problems remain unresolved.
The process of protocol conversion and evolution of Ethereum to Ethereum 2.0. described by platform founder Vitalik Buterin in the roadmap, which he published at the end of 2022.
What is the Ethereum Roadmap?
The roadmap is a plan for the further development of Ethereum. It consists of several stages (blocks). One of the main goals of the global update outlined in the roadmap is the introduction of zk-SNARK (zero-knowledge proof) technology into the blockchain. It will help Ethereum users maintain privacy and create secure user tokens. Let’s see what different stages offer to users, according to the Ethereum roadmap.
#1 The Merge
The first block of the Merge update took place on September 15, 2022. It led to a reduction in network energy consumption, an increase in performance parameters and a drop in the emission of new coins.
With The Merge, the network has taken a big step towards creating a simpler, more reliable and secure consensus. The update was also supported by the Shapella hard fork, carried out in April 2023. Users can now freely withdraw ETH from staking. According to the roadmap, implementing The Merge was only 55% of Ethereum's complete transformation.
#2 The Surge
The primary goal of the Surge phase is to address issues related to network scalability. Today, this matter is causing significant concern. The purpose of this update is to achieve a minimum performance of 100,000 TPS. Currently, the network can process between 10 to 20 TPS.
The potential for scalability will be broadened through the implementation of rollups. This technology enables decentralized applications (dApps) to consolidate their transactions outside the main network, thereby conserving its resources.
This update is based on the enhancement proposal EIP-4844 (Proto-Danksharding). It aims to:
Decrease transaction fees;Divide the network into multiple segments, aiding in scaling;Introduce a new transaction type.
Developers are committed to making Ethereum more user-friendly and accessible to a broader audience. There is a chance that after the Surge, it will be possible to create L2 products and ZK-Rollups on the platform.
#3 The Scourge
The main goal of the Scourge update is to fight against the issue of MEV's "invisible tax." Maximal Extractable Value (MEV) is a mechanism that permits users to independently manipulate the inclusion, exclusion, and order of transactions in an upcoming block. Due to MEV, users often incur additional fees. The Scourge aims to establish a more dependable system for managing transaction orders within a block, thereby eliminating risks associated with MEV.
#4 The Verge
The fourth segment of the update, named the Verge, is responsible for the implementation of SNARK (Succinct Non-Interactive Argument of Knowledge) technology.
The goal is to straighten network anonymity while preserving the ability to trace transactions. Upon SNARK's integration into the protocol, validators will no longer have the authority to censor transactions. Moreover, they will be unable to access information about the sender, recipient, and transfer amounts.
#5 The Purge
The Purge phase aims to simplify the protocol by erasing Ethereum's historical data and reducing computational expenses. Developers are dedicated to changing the way data is stored and processed.
The key ingredient in this phase is EIP-4444 – this mechanism will establish checkpoints for data synchronization. With its help, data from 100 days ago can be accessed without the necessity of downloading the entire blockchain.
#6 The Splurge
The final segment, the Splurge, is designed to rectify and refine any remaining issues that were not addressed in the preceding stages. It will be implemented after completing all the prior phases of the system. The Splurge is expected to operate seamlessly. Its launch will signify the end of major Ethereum updates.
What does the future hold for Ethereum?
Ethereum's roadmap represents a significant milestone in the evolution of blockchain technology. With each phase carefully designed and executed, Ethereum is not merely undergoing updates; it is shaping the future of decentralized systems. The roadmap's focus on scalability, fairness, anonymity, and simplification is a testament to Ethereum's commitment to addressing the challenges of today while preparing for the demands of tomorrow.
Such an enormous roadmap has shown users that there is still a long way to go before a final update of Ethereum. There is a lot of difficult work ahead. Yes, there probably will be some challenges in the future that might change the Big Plan. But no matter what everyone is waiting for the Splurge phase to come, which will mark a new era of cryptocurrency.
Conclusion
As Ethereum progresses through its planned stages – from resolving scalability issues with the Surge, combating unfair fees through the Scourge, enhancing anonymity via the Verge, and simplifying protocols with the Purge, – it becomes obvious that Ethereum is not just a cryptocurrency. It is a dynamic ecosystem constantly adapting and innovating.
This roadmap signifies more than technical advancements. It reflects a community-driven dedication to democratizing finance, ensuring security, and promoting inclusivity in the digital age. As these updates unfold, Ethereum is not only transforming its own infrastructure but also inspiring the entire blockchain industry, setting new standards for transparency, efficiency, and user empowerment.

MetaMask is a cryptocurrency wallet that supports the Ethereum blockchain, Layer 2 networks, and standalone EVM-compatible blockchains. It is a non-custodial solution that enables users to interact with decentralized applications and manage their crypto assets. Developed by Consensys, it is widely supported by the Ethereum developer community and has gained significant popularity, with over 30 million monthly active users as of 2023.
One of the key advantages of MetaMask is its flexibility in supporting EVM blockchains. In recent years, there has been a proliferation of EVM-compatible blockchains, each offering improved efficiency and cost-effectiveness over the original Ethereum blockchain. MetaMask's technology allows for easy integration of these new networks, enabling users to switch between them and access decentralized applications on any network. This is particularly useful for investors who are always looking to explore new projects and ecosystems.
Another advantage of MetaMask is the wallet is available for all smart devices, and the interface is designed for basic transactions, making it accessible for even casual investors with minimal knowledge of the technology. Additionally, MetaMask can be used in conjunction with hardware wallets such as Trezor and Ledger, providing users with the option to store their crypto assets in a more secure manner for long-term holding.
One of their popular offerings is the MetaMask swaps, which was processing $3B-$5B of volume per month at its peak and generating close to $0.5B in revenue since its launch in late 2020. MetaMask charges a 0.875% swap fee on top of the 1-30bps DEX fees the user is already paying, which is considered a rather high fee by some.
MetaMask's integrated swap feature operates as a super aggregator, collecting liquidity from a host of sources, including other decentralized exchange (DEX) aggregators. Despite its competition with Coinbase in this domain, it also finds rivals in other super aggregators such as Matcha and DefiLlama.
Snaps
MetaMask Snaps, initially conceptualized in 2019, has materialized into a transformative feature for the MetaMask wallet, analogous to apps on an iPhone or extensions on Google Chrome. In September 2023, MetaMask introduced the Snaps Open Beta, showcasing over 30 third-party audited snaps in three distinct categories: Transaction Insights, Interoperability, and Notifications.
Snaps are JavaScript files that users can install to increase the functionality of MetaMask and add new functionalities. Some potential snaps already being showcased include StarkNet for contract accounts on L2, Web3Auth to turn MetaMask into an MPC wallet, ZK-Nullifier to create pseudonymous apps, smart accounts to access smart contract wallets directly from MetaMask, and more. 
Competitive Advantage and Moat
This innovation marks a strategic pivot for MetaMask, enabling it to leverage external development prowess and potentially surpass the feature sets of competitors reliant on in-house development. While rival wallets may attempt to replicate MetaMask's ecosystem approach, they face the formidable challenge of matching MetaMask's brand recognition and user reach.
As the Snaps feature integrates standalone products and wallets, the landscape shifts. Wallet providers that once prided themselves on unique offerings or support for non-EVM chains are now reconsidering their positions. Many are likely to transition their distinguishing features into MetaMask's expanding ecosystem, prioritizing strategic alignment over standalone operations. For the cryptonatives, the situation is not unlike Uniswap v4 and “hooks.” Hooks allow builders to design new trading techniques and strategies into Uniswap that was previously only possible on a competitor.

Issues for Snaps to Resolve
The intricacies of blockchain wallets pose a significant hurdle to widespread adoption. For veterans and novices alike, the wallet setup process—managing seed phrases, private and public keys, and ensuring their security—is daunting. In an era where single sign-on (SSO) systems streamline access to multiple services, the blockchain's requirement for discrete credentials for each network is a deterrent.
To initiate a transaction on a blockchain, users must pay a fee, not in fiat currency, but in the blockchain's native token. This necessitates different wallets for different blockchains, along with the secure storage of seed phrases and private keys.
Further complicating matters is the lack of widespread blockchain education. Newcomers often find themselves perplexed by the jargon and complexity of blockchain transactions. The learning curve is steep, with understanding the need for transaction fees and the mechanics of sending assets being non-intuitive for many.
Despite its widespread adoption, MetaMask is not without its shortcomings, one of which is the critical issue of 'blind signing.' This term encapsulates a user experience challenge within the Ethereum ecosystem, where users are prompted to approve transactions while being presented with information that is not readily understandable. This cryptic presentation often compels users to authorize transactions without a clear understanding of the implications, essentially signing off 'blindly.'

Metamask’s non-user-friendly UI for signing a message.
The implications of blind signing are twofold. From a security standpoint, users may unknowingly enable transactions that could be malicious. On the adoption front, the opacity of transaction information can be overwhelming and off-putting to potential users, thus impeding wider acceptance of the technology. Additionally, due to the manner in which Ethereum handles ERC-20 tokens and transactions, infinite spend approval and having to import tokens and different blockchains manually are two other UX issues associated with MetaMask.  
While MetaMask has been a transformative agent in the decentralized space, there is an emerging consensus that enhancing the transparency and readability of transaction details is imperative. Improving this aspect of user interaction with MetaMask could significantly contribute to safer user experiences and foster broader adoption by demystifying the transaction approval process.