MetaMask May Add Perpetual Trading With Hyperliquid Integration, GitHub Code Suggests

MetaMask is reportedly preparing to launch perpetual trading using Hyperliquid’s (HYPE) builder codes, according to a pull request on the project’s GitHub repository.

HYPE’s price fell 2.9% in the last 24 hours amid broader weakness in the cryptocurrency market. On Stocktwits, retail sentiment around the token dipped to ‘neutral’ territory from ‘bullish’ with chatter falling to ‘normal’ from ‘high’ levels over the past day.

The code update, first flagged on Friday by crypto researcher Ericonomic on X, suggests the popular Ethereum wallet is exploring a deeper push into decentralized derivatives. The spot comes on the heels of Ethereum co-founder and ConsenSys CEO Joseph Lubin telling The Block that MetaMask will launch its MASK token sooner than expected, ending years of speculation. 

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

Perpetual futures trading has long been dominated by centralized exchanges such as Coinbase (COIN), but decentralized platforms like Hyperliquid and dYdX are rapidly reshaping the market, according to Grayscale Research. Hyperliquid is currently the largest decentralized perpetual trading platform, according to DefiLlama data. Weekly trading volume on Hyperliquid has increased by nearly 9% over the past week.

By integrating Hyperliquid’s infrastructure, MetaMask could bring advanced derivatives trading directly into its wallet for its more than 30 million monthly active users. This would allow the platform to expand beyond spot trading and custody to capture a larger share of the DeFi derivatives market. The move also sets the stage for MetaMask’s broader Web3 finance ambitions, including governance features and the eventual launch of its native MASK token.

Read also: Tim Cook Reportedly Says Apple Watch Could Alert 1 Million Users to Hypertension This Year

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