MetaMask is advancing its vision of a comprehensive wallet by incorporating perpetuals functionality

MetaMask’s recent integration with Hyperliquid brings perpetual futures trading directly to its widely used

wallet, representing a major advancement in decentralized derivatives accessibility. Announced via updates on its public GitHub repository, this feature lets users deposit stablecoins such as , adjust leverage, and place both market and limit orders—all without leaving MetaMask. Hyperliquid’s custom Layer 1 (L1) blockchain supports gas-free on-chain settlement, and according to internal benchmarks, most transactions finalize in less than two seconds under normal conditions title2 [ 2 ]. This move fits MetaMask’s goal to evolve into a “super-wallet” that unites custody, spot, and derivatives trading in one place, expanding well beyond basic swaps and transfers title2 [ 2 ].

Work on the integration began in July 2025, with developers rolling out a new “Perpetuals” section and deposit features in the code. By mid-September, the project had reached the release candidate phase, although testers reported issues like duplicate trade records and incorrect profit-and-loss calculations title1 [ 1 ]. Despite these setbacks, the fast pace of testing indicates the launch could be near. Hyperliquid’s L1 chain, which can handle over 200,000 orders per second and recorded $383 billion in trading volume in August 2025, forms the backbone of this integration title4 [ 4 ]. Experts suggest this collaboration could simplify perpetuals trading for everyday users, but actual adoption will depend on risk controls and user engagement title2 [ 2 ].

This integration brings both new benefits and potential dangers. The simplified process—just five steps from picking a market to execution—makes trading easier, yet also increases operational risk. Using leverage up to 10x means that a 1% price shift could move the margin by plus or minus 10% title2 [ 2 ]. Concerns about smart contract safety persist, since Hyperliquid’s infrastructure has not yet been publicly audited title2 [ 2 ]. The ease of one-tap trading also raises the risk of unintentional or malicious signature approvals, a known issue in DeFi. Recommended precautions include employing hardware wallets, checking contract addresses, and restricting approval scopes title2 [ 2 ].

With 30 million monthly active users title2 [ 2 ], MetaMask now offers a platform that could transform decentralized derivatives trading. The integration reflects the DeFi trend toward “super-wallets” that provide custody, swaps, and derivatives all in one interface. By adding perpetuals natively, MetaMask reduces dependence on centralized services and may encourage more liquidity to move onto decentralized rails. Hyperliquid’s fee-free model and transparent on-chain operations further set it apart, though challenges such as managing liquidity in volatile markets and meeting regulatory standards for leveraged trading remain title2 [ 2 ].

This development comes as MetaMask pursues wider ambitions, including the upcoming launch of its own token, MASK, and the MetaMask USD (mUSD) stablecoin title3 [ 3 ]. Consensys CEO Joseph Lubin has confirmed that the token launch is imminent, signaling a move toward community-driven governance. While these projects highlight MetaMask’s shift from a wallet to a full decentralized protocol, the Hyperliquid integration delivers an immediate expansion of practical features. As both institutional and retail interest in derivatives increases, the MetaMask-Hyperliquid collaboration could hasten the blending of traditional and decentralized finance, hinting at a future where self-custodial wallets compete with centralized platforms in both scope and convenience.