MetaMask launches in-wallet perpetuals with up to 40x leverage
MetaMask, the world’s leading Web3 wallet, has officially launched perpetual futures trading directly within its mobile app. This marks a significant evolution for decentralized finance (DeFi) users, who can now trade over 150 tokens with leverage of up to 40x, powered by Hyperliquid’s on-chain infrastructure. The feature, branded as “MetaMask Perps,” positions the wallet as a full-fledged DeFi trading hub capable of rivaling centralized platforms.
Expanding DeFi trading capabilities
MetaMask Perps is now live for eligible users on MetaMask Mobile, allowing traders to open long and short positions on a wide range of crypto assets without leaving the app. The integration with Hyperliquid ensures efficient on-chain execution, deep liquidity, and minimal slippage—all while preserving user custody of funds. The goal is to replicate the performance of centralized platforms while maintaining the transparency and security inherent to decentralized systems.
The update introduces a redesigned trading interface optimized for leverage management, real-time market data, and collateral tracking. Users can seamlessly deposit assets, manage margin, and execute trades directly from their wallets. By embedding these features natively, MetaMask eliminates the need for third-party protocols or external dApps, simplifying access to complex financial instruments for millions of DeFi participants.
According to Consensys, MetaMask’s parent company, the perpetuals launch represents a strategic expansion into on-chain derivatives markets. The company also revealed plans for a rewards system to incentivize trading activity, hinting at a future MASK token. This loyalty framework mirrors popular DeFi incentive programs, where trading points or rewards later convert into governance or utility tokens. The system is expected to boost engagement and liquidity while rewarding ahead adopters.
Positioning against centralized platforms
MetaMask’s entry into perpetual futures trading is viewn as a direct challenge to centralized platforms (CEXs) like Binance and Bybit, which currently dominate the derivatives market. With more than 30 million monthly active users, MetaMask has a massive distribution advantage that could accelerate the adoption of decentralized perpetuals. Its in-wallet experience removes the friction of transferring assets between custodial and non-custodial platforms—a key barrier for many traders viewking on-chain alternatives.
Industry analysts suggest that this move signals a broader shift toward decentralized trading ecosystems where users retain control of their keys and data. By leveraging Hyperliquid’s advanced order book infrastructure, MetaMask can deliver institutional-grade performance while preserving the core principles of DeFi: openness, transparency, and self-custody.
MetaMask’s roadmap extends beyond derivatives. Reports from CoinDesk and The Block confirm upcoming integrations with Polymarket, a decentralized prediction market platform. This expansion will allow users to access both speculative and informational markets, further embedding MetaMask at the center of on-chain finance. The launch also follows ongoing regulatory scrutiny of Consensys by the U.S. SEC regarding its MetaMask products—a backdrop that underscores the wallet’s commitment to decentralization and regulatory resilience.
With the addition of perpetual trading, MetaMask strengthens its position as the leading entry point to the decentralized economy. By offering leverage, transparency, and rewards all within a single app, the platform could redefine how traders engage with DeFi. The MetaMask Perps launch signals a new chapter in decentralized trading—one where users can speculate, hedge, and earn without surrendering control to centralized intermediaries.
