MetaMask to Integrate Hyperliquid’s Perpetuals In-Wallet Following mUSD Launch

Boluwatife Adeyemi
3 hours ago
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MetaMask plans to integrate Hyperliquid's perpetuals

Highlights

  • Github docs show that the wallet plans to integrate Hyperliquid's perpetuals trading.
  • This follows the launch of its mUSD stablecoin and plans of a native token.
  • This provides another boost for the Hyperliquid ecosystem.

Crypto wallet MetaMask looks set to integrate Hyperliquid’s perpetuals trading on its platform. This development follows the wallet’s rollout of its mUSD stablecoin and amid plans to launch a native token.

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MetaMask To Launch Hyperliquid’s Perpetuals In-Wallet

GitHub documents show that the wallet plans to integrate Hyperliquid perpetuals trading with deposit functionality. The pull request showed the implementation of a change that would enable users to deposit USDC from their wallet to their Perps trading account.

This development follows the launch of MetaMask’s mUSD stablecoin, which could also play a major role in this integration. It is worth mentioning that the crypto wallet platform won’t be the first to integrate Hyperliquid’s Perps.

In July earlier this year, Solana wallet Phantom introduced in-wallet perpetual futures trading with over 100 markets and leverage through its partnership with the decentralized exchange. Meanwhile, it is worth mentioning that MetaMask has yet to reveal when it will roll out this Hyperliquid feature.

Crypto researcher Eric predicts that this could happen in the next couple of weeks and that the crypto wallet platform may announce it at the Token 2049 Conference during the Hypurreco event.

He further remarked that MetaMask may reveal a points campaign alongside the Hyperliquid announcement, having confirmed that they are launching a token. Eric added that “all roads lead to Hyperliquid.”

This could mark another major win for Hyperliquid’s adoption, considering the number of users that the wallet boasts. Notably, USDC issuer Circle just announced its HYPE investment and the launch of native USDC on Hyperliquid’s network, HyperEVM.

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Integration Could Double The DEX’s Perps Volume

In an X post, market expert Ryan predicted that MetaMask’s integration could double Hyperliquid’s $8 billion to $10 billion daily perpetuals volume if all its users participate in using the trading product. He added that it could increase Bitcoin’s volatility and possibly contribute to higher prices.

Meanwhile, fund manager Ricardo Amatto said that the wallet’s potential integration of perpetuals with Hyperliquid marks a seismic shift from being just a crypto wallet to becoming a full trading terminal. He added that this erases one of DeFi’s biggest frictions and questioned if centralized exchanges (CEXs) liquidity could start to bleed into crypto wallets.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.