MetaMask has introduced perpetual futures trading and a multi-tiered rewards program, signaling a significant expansion of its decentralized finance (DeFi) offerings.
Key Takeaways
- MetaMask now supports perpetual futures trading with up to 40x leverage on over 150 tokens through Hyperliquid integration.
- A new rewards program is live, offering points for trading, referrals, card usage, and holding the MUSD stablecoin.
- Over $30 million in Linea (LINEA) tokens and other perks are available for active users.
- Polymarket integration and the MASK token launch are set to follow later this year.
What Happened?
MetaMask, the popular Web3 wallet, has rolled out a suite of new features aimed at making it a one-stop platform for decentralized trading. The updates include support for on-chain perpetual futures contracts, a points-based rewards program, and an upcoming integration with prediction market Polymarket.
🚨 PERPS ARE NOW LIVE 🚨
— MetaMask.eth 🦊 (@MetaMask) October 8, 2025
You can start trading perps on MetaMask Mobile.
And rewards are coming soon. 🧵👇 pic.twitter.com/J2lgZvlpmr
On-Chain Derivatives Now Live
MetaMask’s latest feature enables users to trade perpetual futures directly within the wallet interface, powered by the Hyperliquid infrastructure. Traders can now access leverage up to 40x on more than 150 tokens including Bitcoin, Ethereum, and Linea.
Unlike traditional futures, perpetual contracts have no expiration date and use funding rates to keep prices aligned with spot markets. The feature supports one-click funding from any Ethereum Virtual Machine (EVM)-compatible chain and operates without swap fees, making it more accessible for experienced DeFi users.
MetaMask claims this makes it one of the first non-custodial wallets to offer direct derivatives trading in eligible jurisdictions.
Reward Program Debuts With $30 Million in Perks
Alongside trading features, MetaMask introduced a seasonal rewards program to incentivize user engagement. In the first season, users earn points through:
- Token swaps
- Perpetual contract trading
- Referrals
- Spending with the MetaMask Card
- Holding the MUSD stablecoin
These points unlock benefits such as priority customer support, fee discounts, and a free year of MetaMask’s premium Metal Card. Notably, MetaMask has allocated over $30 million worth of Linea (LINEA) tokens as rewards for participating users.
The company plans to retain points across multiple seasons, progressively expanding access and privileges over time.
Prediction Markets and MASK Token Coming Soon
MetaMask has also confirmed plans to integrate with Polymarket, a decentralized prediction market platform, by the end of 2025. This will allow users to place bets and engage in prediction trading without leaving the MetaMask app.
These new features build on the recent announcement that MetaMask will soon launch its long-awaited MASK token. Ethereum co-founder and ConsenSys CEO Joseph Lubin previously stated that the token was “very soon” to launch. The MASK token is expected to play a key role in MetaMask’s broader strategy to increase engagement and offer financial incentives across its ecosystem.
CoinLaw’s Takeaway
I’ve been watching MetaMask evolve from a simple browser wallet to a full-fledged DeFi platform, and this feels like a real turning point. Adding perpetual futures with 40x leverage, no swap fees, and on-chain execution is a huge leap. It brings serious traders right into the heart of Web3 without needing centralized exchanges.
The rewards system is no gimmick either. With $30 million in token incentives and a Metal Card up for grabs, this is MetaMask planting its flag as a major player in the DeFi economy. And with Polymarket and the MASK token just around the corner, it’s clear they are not just adding features, they are building an entire financial ecosystem.
