MetaMask Introduces Perpetual Trading via Hyperliquid Integration

MetaMask is set to launch perpetual contract trading via Hyperliquid, expanding its decentralized finance offerings. This integration was announced on September 19, according to Solid Intel.

This move positions MetaMask against centralized exchanges, broadens DeFi capabilities, and impacts assets like ETH, USDC, and Hyperliquid’s HYPE token.

MetaMask and Hyperliquid Enable In-Wallet Leverage Trading

MetaMask has partnered with Hyperliquid, a decentralized derivatives platform, to integrate perpetual contract trading within the popular crypto wallet. This move is intended to rival centralized exchanges by broadening MetaMask’s decentralized finance capabilities.

The integration allows users to engage in in-wallet leveraged futures trading, a first for MetaMask. This development significantly enhances the wallet’s offering to include high-leverage products traditionally available on centralized platforms, potentially increasing user adoption.

Market reaction has been lukewarm, with slight variations in token prices. No official comments from major figures like Ethereum co-founder Joseph Lubin have directly addressed this integration, though Lubin highlighted MetaMask’s path toward decentralization in recent interviews.

“The MASK token is coming — it may come sooner than you would expect right now. ConsenSys is supporting the Ethereum ecosystem to move toward gradual decentralization through MetaMask, Infura, and Linea.” — Joseph Lubin, CEO of ConsenSys

Ethereum Price Performance Amid DeFi Expansion

Did you know? MetaMask’s integration with Hyperliquid marks the first time non-custodial wallets offer in-app high-leverage trading, a capability previously exclusive to centralized platforms.

Ethereum (ETH) is trading at $4,474.79 with a market cap of $540,124,519,687. The 24-hour trading volume fell by 13.79%, as per CoinMarketCap, and the price decreased by 2.57% over the past day; however, it showed a 95.34% rise over 90 days, indicating a resilient overall performance in recent months.

Experts from Coincu indicate that this integration aligns with the broader trend of DeFi platforms adopting features previously offered solely by centralized exchanges. Potential technological advancements and regulatory reactions remain key factors influencing the DeFi landscape’s future development and adoption.