MetaMask Unveils Perp Futures Trading, Powered By Hyperliquid (HYPE) And Polymarket

On Wednesday, MetaMask, the leading cryptocurrency wallet developed by ConsenSys, announced significant new features. The wallet will now support Perpetual Futures (Perps) through its integration with Hyperliquid (HYPE). A new MetaMask Rewards program is also expected to launch by the end of October.

According to Wednesday’s press release, MetaMask will also become the first wallet to natively integrate prediction markets, on the heels of a new partnership with Polymarket, recognized as the world’s largest prediction market platform. 

Hyperliquid Integration For New Perpetual Trading Options

MetaMask’s statement highlighted the increased appeal of this sector, noting that perpetual futures constitute a significant portion of the cryptocurrency trading landscape, accounting for roughly 75% of all crypto trading volume. Traditionally, participation in this market has been limited to centralized exchanges. 

However, it asserts that a shift has occurred over the past year, with decentralized perpetual trading volumes hitting record highs—over $765 billion in August 2025—driven by increasing demand for non-custodial trading options. 

Despite this growth, adoption has been stymied by fragmented infrastructure and subpar mobile experiences. MetaMask aims to address these challenges by offering in-wallet perpetual trading powered by Hyperliquid, a leading decentralized perpetual exchange which has seen substantial adoption.

The integration comes with a redesigned mobile app that significantly enhances speed and reduces latency, allowing for one-click funding from any Ethereum Virtual Machine (EVM) chain and eliminating swap fees on perpetual trades. 

Imminent MetaMask Token Launch

Gal Eldar, Global Product Lead at MetaMask, emphasized the company’s commitment to user ownership and autonomy, stating: 

In addition to the perpetual futures, its integration with Polymarket, a platform that recently secured a $2 billion deal with the owner of the New York Stock Exchange (NYSE). This integration is set to provide native support for Polymarket later this year, further expanding MetaMask’s capabilities in DeFi.

The momentum surrounding the wallet’s increased demand is amplified by comments from Joe Lubin, CEO of ConsenSys, who hinted back in September at the imminent launch of the MetaMask token. 

In an interview with The Block, Lubin stated, “The Mask token is coming. It may come sooner than you would expect right now. And it is significantly related to the decentralization of certain aspects of the MetaMask platform.”

At the time of writing, Hyperliquid’s native token, HYPE, was trading at $46.62, representing a gap of almost 23% between current valuations and all-time highs. Nevertheless, HYPE has been one of the top performers, surging by 1,100% since its launch. 

Featured image from DALL-E, chart from TradingView.com