Metamask earned $1.5 million in profit over the weekend, reflecting the panic surrounding bank bankruptcies. Volumes of swaps (cryptocurrency exchange operations) at the web3 wallet provider Metamask reached a record daily high of over $200 million. As a reminder, the frenzy was caused by the bankruptcy of Silvergate and Signature banks, which serviced many crypto companies and led to the uncoupling of USDC from the $.
For example, during the panic related to FTX, the volume did not even exceed $100 million (but it should be noted that cryptocurrencies were cheaper then).
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