MetaMask is preparing to embed perpetual futures trading inside its wallet via Hyperliquid integration according to leaked GitHub code and developer notes.
Key Takeaways
- Code in MetaMask’s GitHub repository reveals a new Perps tab and USDC deposit flow to enable perpetual futures trading via Hyperliquid
- Users will be able to fund perpetuals accounts with USDC, see gas fee previews, slippage estimates, minimum deposit thresholds, and receive real time status updates within the wallet
- Formal launch is not confirmed yet. Developers hint at release within weeks and community expects an announcement possibly at Token2049
- Hyperliquid has emerged as a leading decentralized derivatives platform, commanding around 70 percent of the DeFi perpetuals market. In August it posted 383 billion dollars in trading volume and 106 million dollars in revenue
What Happened?
`Recent updates in MetaMask’s public GitHub repository have unveiled code suggesting the wallet is adding perpetual futures trading directly via Hyperliquid. The code includes a dedicated Perps screen alongside deposit flows, particularly using USDC stablecoin. Features under test include:
- Minimum deposit thresholds (for instance around 5 USDC on mainnet, more on testnet)
- Real time previews of gas fees and slippage tracking before executing transactions
- Confirmation messages and status updates during the deposit and transaction processes
These suggest MetaMask users may soon be able to open and manage leveraged positions with Hyperliquid directly inside the MetaMask app, rather than going to a separate derivatives exchange or app.
MetaMask will integrate Perps on top of Hyperliquid in the next couple of weeks and here’s some proof from their GitHub (not sure how we missed this):https://t.co/urogNLYEDM (there are plenty of PRs there).
— Ericonomic (@ericonomic) September 19, 2025
My guess is they’ll announce it at Token 2049, specifically during the… pic.twitter.com/ZvUb3cBzKB
Why This Matters?
MetaMask has traditionally functioned primarily as a self custodial wallet: storing crypto, enabling DApp connections, signing transactions. The potential integration of perpetuals trading marks a more ambitious role: a shift toward a full trading gateway. This can reduce friction for users who now must leave their wallet or switch to centralized exchanges to engage in derivatives.
For Hyperliquid, this partnership would deepen its reach. The platform already boasts gas free transactions, fully on chain settlement, high transaction throughput (over 200,000 orders per second), institutional partnerships (such as with Anchorage for custody and Circle for USDC deployment), and rapid revenue growth.
What’s Next?
No official rollout date is set yet. Developer comments suggest the feature could be released in the coming weeks. Many in the crypto community expect that MetaMask will make a formal announcement at Token2049.
MetaMask is also pursuing other expansions: its own native token (MASK), a stablecoin (mUSD), better on ramps, and usability improvements like social login. These developments point toward the wallet evolving into a super wallet offering custody, spot trading, derivatives, and more in one place.
Risks and Considerations
- Perpetuals trading involves leverage, which multiplies both gains and losses. Users unfamiliar with risk management may face significant losses
- Smart contract and infrastructure security are always a concern. As MetaMask integrates more complex trading features, any vulnerability in Hyperliquid or the new deposit or trading logic could be impactful
- Regulatory environment could complicate matters. Derivatives products attract more scrutiny, especially when offered directly to retail users
- User experience issues seen in testing include duplicate trade entries and miscalculated profit and loss displays
CoinLaw’s Takeaway
In my experience, this development is one of the more important steps toward making DeFi truly seamless for everyday users. Embedding derivatives trading into a wallet like MetaMask removes a key barrier: switching between platforms. But with great power comes greater responsibility. If MetaMask proceeds here it must ensure robust security, clear disclosures of risk, and good UX for people who may be new to leveraged products. If they get this right, it could reshape how many people engage with crypto trading.
