Quick take:
- The feature is powered by the perpetual futures decentralised exchange platform, Hyperliquid.
- MetaMask has also announced plans to integrate prediction market trading into the app, in partnership with Polymarket.
- The crypto wallet service provider said the feature supports one-click funding from any Ethereum Virtual Machine (EVM) chain and eliminates swap fees for perpetual trades.
Crypto wallet service provider, MetaMask, has rolled out its in-app perpetual trading feature, allowing users to trade derivatives directly from the wallet app. The new feature supports one-click funding from any Ethereum Virtual Machine (EVM) chain and eliminates swap fees for perpetual trades, the company said in an announcement on Wednesday.
MetaMask also plans to integrate prediction market trading within the app, in partnership with Polymarket.
The wallet service also announced it is launching MetaMask rewards, with initial rollout in permitted regions expected by the end of October. The seasonal points system runs in 3-month cycles and allows users to accumulate points through token swaps, perp trades, referrals, and soon, spending via the MetaMask Card or holding mUSD stablecoin.
“These launches follow MetaMask’s recent confirmation that it will launch a token, long anticipated by the community and now officially in motion, as part of its broader strategy to open new ways for users to engage,” the company said.
The announcement comes hot on the heels of MetaMask’s recent launch of its native token MASK.
The perpetual trading feature is also being rolled out at a crucial time, when on-chain perpetual futures trading is heating up. Most recently, Aster and Lighter overtook Hyperliquid in terms of daily transaction volume. However, Hyperliquid has since retaken the lead, dominating 24-hour trading volume wth over $13 billion, versus $9.76 billion, which is placed second.
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