MetaMask Partners With Hyperliquid, Eyes Polymarket Integration Next

MetaMask Adds Hyperliquid Integration for Perpetual Futures

MetaMask has officially launched in-wallet perpetual trading via Hyperliquid, one of the leading decentralized derivatives exchanges. The new feature, announced Wednesday on MetaMask’s official X account, allows users to access perp markets directly inside the wallet, streamlining crypto futures trading without leaving the app.

This move comes as competition among decentralized perpetual exchanges (perp DEXs) heats up, with players like Aster, Lighter, and EdgeX vying for market share. The timing of the integration — just one day after blockchain sleuths spotted Hyperliquid trading code inside MetaMask — confirms earlier rumors that the wallet was preparing to expand beyond simple token swaps.

Traders Gain Direct Perp Access Inside MetaMask

The new feature gives users direct access to Hyperliquid’s decentralized perpetual futures, which recorded over $13 billion in daily volume this week. For now, there are no specific rewards tied to the integration, but community speculation suggests perp trading may soon connect to MetaMask’s new reward program - and possibly even a MASK token.

While the convenience of in-wallet perp trading appeals to active traders, users have expressed concerns about latency and gas costs compared to using dedicated trading interfaces. Still, analysts expect the Hyperliquid integration to boost retail participation and bring new fee revenue to MetaMask.

MetaMask Boosts Revenue With Routing Fees

In 2025, MetaMask’s fee revenue has surged thanks to its growing DEX aggregator business, which now handles over $31 million in daily trading volume and generates roughly $270,000 in daily fees. 

By integrating Hyperliquid, MetaMask is expected to increase its routing fees while simplifying the user experience. The wallet now aims to make perpetual trading “a two-click process” to appeal to mobile traders.

Hyperliquid, known for its transparent on-chain data and whale tracking, continues to dominate the DEX derivatives space, while other players like Aster and Pacifica are experimenting with niche ecosystems and meme tokens.

Polymarket Integration on the Horizon

MetaMask’s roadmap doesn’t stop with perpetuals. The wallet team also confirmed plans to integrate Polymarket, the blockchain-based prediction market, in the coming months. The feature will reportedly include in-wallet event betting and a simplified interface similar to the Hyperliquid integration.

By adding Polymarket and Hyperliquid, MetaMask positions itself as a comprehensive DeFi hub, bridging trading, predictions, and potential future staking or lending functions.

Perp DEX Market Booms Despite Wash Trading Concerns

The perpetual DEX sector remains on fire, with total daily volumes nearing $40 billion. While Hyperliquid maintains a transparent lead at $13.28 billion, some competitors have raised eyebrows - Aster, for example, reportedly posted $90 billion in unverified trading volume, sparking concerns about wash trading.

New entrants like SunPerp (TRON) and Pacifica have also joined the fray, signaling growing demand for on-chain derivatives. Meanwhile, Hyperliquid’s HYPE token has rebounded to $45.83, extending its recent uptrend, while Aster’s ASTER token holds steady at $1.98.