Catenaa, Tuesday, September 23, 2025- MetaMask, the popular self-custodial crypto wallet with over 30 million monthly users, appears poised to introduce perpetuals trading directly within its platform through a partnership with decentralized derivatives provider Hyperliquid.
Leaked code from MetaMask’s public GitHub shows references to a “Perps” trading interface and USDC deposit functionality, indicating users could trade leveraged derivatives without leaving the wallet environment.
Hyperliquid operates on its own Layer 1 blockchain, offering gas-free transactions, fully on-chain settlements, and a custom HyperEVM architecture capable of handling more than 200,000 orders per second.
The exchange reported $383 billion in monthly trading volume and $106 million in revenue for August 2025, capturing approximately 70% of the DeFi perpetuals market. Partnerships with Anchorage Digital Bank and Circle have boosted institutional adoption.
The GitHub updates include detailed deposit flows, gas fee estimates, slippage tracking, and transaction confirmations, suggesting a rollout in the coming weeks. Speculation points to an official announcement at Token2049 during a Hyperliquid-hosted event.
The integration aligns with MetaMask’s broader expansion into DeFi and payments. Recent initiatives include a crypto debit card with Mastercard and Baanx, the planned launch of a native stablecoin (mmUSD) on Ethereum and Linea, and social login features allowing recovery via Google or Apple credentials.
MetaMask co-founder Dan Finlay and Consensys CEO Joseph Lubin have indicated an imminent token launch for $MASK, further cementing the platform as a comprehensive gateway for decentralized finance.
If realized, the perpetuals integration would eliminate reliance on centralized exchanges and strengthen MetaMask’s position in the crypto ecosystem.
