MetaMask is set to enhance its platform by integrating Hyperliquid’s perpetual futures trading directly within its wallet, following the recent launch of its mUSD stablecoin.
Key Takeaways:
- GitHub code shows MetaMask is planning to integrate Hyperliquid’s perpetual futures trading into its wallet interface, which will allow users to trade leveraged derivatives without leaving the app.
- The integration will enable users to deposit stablecoins like USDC directly into their trading accounts, streamlining the trading process.
Increasing reports this week is spreading across X (formerly Twitter) about MetaMask preparing to integrate Hyperliquid’s perpetual futures trading directly within its interface. Cloud-based platform GitHub shows MetaMask mobile’s code and developer notes indicating that the feature is under active development, with references to a new “Perps” trading screen and deposit functionality enabling users to fund perpetual futures accounts in USDC.
MetaMask is set to integrate Hyperliquid perpetuals trading, based on a recent code update. Source: GitHub
This integration marks a significant step in decentralizing derivatives access, enabling users to trade directly within the popular Ethereum wallet. By embedding perpetuals trading within its interface, MetaMask would allow users to trade leveraged derivatives without leaving the wallet environment, mirroring the seamless experience traditionally offered by centralized exchanges. Recent on-chain analysts and crypto analysts on X (formerly Twitter) are now shifting their attention to this integration, with comments expressing optimism for a successful rollout.
The development follows MetaMask's recent release of its mUSD stablecoin, which is expected to play a significant role in the integration.
Market and Community React to MetaMask’s Perps Integration
The integration of Hyperliquid’s perpetuals trading into MetaMask's wallet is expected to have a significant impact on the decentralized derivatives market. Experts predict that the integration could double Hyperliquid’s daily perpetuals volume, which currently ranges between $8 billion and $10 billion, if all MetaMask users participate in using the trading product.
Meanwhile, community members have expressed enthusiasm about the upcoming feature, noting that it could simplify the process of trading leveraged derivatives and make it more accessible to retail users. However, some have raised concerns about the risks associated with leveraged trading and the need for adequate risk controls and educational resources.. One X user commented:
GitHub data looking legit for this integration… trading directly in MetaMask could be game-changing.
Hyperliquid Market Snapshot
As of this writing (11:30AM UTC), the platform has reached $700 million trading volume over the past 24 hours, with platforms like Aster contributing significantly to this volume as per Crypto Briefing’s recent report. Meanwhile, open interest has reached roughly $15.126 billion, which reflects the total value of open contracts on the platform.
On the other hand, their native token $HYPE is currently trading at approximately $52.51, dropping 5.4% over the past 24 hours, according to TradingView’s real-time market data.
What’s Next
MetaMask's integration of Hyperliquid's perpetual futures trading is still under development, and there’s still no official date of launch being announced. The integration is expected to enhance what the platform has to offer and provide users with more comprehensive trading options within the wallet. User adoption, risk management, and the effectiveness of educational resources provided to users will be the crucial factors that may dictate the success of integration.
Summary
MetaMask is preparing to integrate Hyperliquid’s perpetual futures trading directly into its wallet, allowing users to trade leveraged derivatives without leaving the app. Code on GitHub shows development of a new “Perps” interface, alongside support for USDC deposits. The move follows the launch of MetaMask’s mUSD stablecoin, which could play a role in the integration. Analysts suggest the feature could double Hyperliquid’s daily perpetuals volume (currently $8–10B). While the community is enthusiastic about easier derivatives access, concerns remain about the risks of leveraged trading. Hyperliquid’s token HYPE traded at ~$52.51, down 5.4% on the day.
