MetaMask Expands into On-Chain Derivatives with Hyperliquid and Polymarket Integrations

Wallet giant moves deeper into DeFi trading with $772B decentralized derivatives boom

TL;DR

• MetaMask and Infinex have integrated Hyperliquid to enable on-chain perpetual futures trading directly inside the wallet.
• Decentralized derivatives trading topped $772 billion in September as Hyperliquid’s early pilot on Infinex generated over $100 million in trading volume.
• MetaMask’s roadmap now includes Polymarket integration and a new points system tied to its upcoming MASK token.

MetaMask is expanding beyond swaps and staking, bringing perpetual futures trading directly to its 30 million-plus user base through a new integration with Hyperliquid, a rapidly growing decentralized derivatives platform. The move, announced around October 8, 2025, positions the Consensys-owned wallet closer to the trading functionality of centralized exchanges while maintaining self-custody. Partner platform Infinex had already integrated Hyperliquid weeks earlier in a closed beta that drew roughly 200 early participants and generated more than $100 million in trading volume, signaling strong demand for decentralized perps access within wallet environments.

Gal Eldar, MetaMask’s global product lead, called the development “a major milestone,” emphasizing how many users “give up along the way” due to friction across bridges, gas payments, and token conversions. He described the new feature as a “one-tap, on-chain trading experience” meant to eliminate those barriers and unify DeFi trading under a single interface. MetaMask aims to transform itself into a self-custodial, all-in-one trading hub where users can execute, settle, and manage leverage positions without leaving the wallet.

Decentralized derivatives volumes have surged sharply in recent months, reaching about $772 billion in September, with a single-day record of $59.5 billion, according to DeFiLlama data cited by the company. Yet centralized exchanges remain dominant: Binance and Bybit handled roughly $93.4 billion and $31.9 billion respectively in 24-hour derivatives volume at the same time, while Hyperliquid ranked seventh with approximately $10.3 billion in daily trading volume. Built on its own high-throughput Layer 1 chain, Hyperliquid’s dual-architecture system—HyperCore for order-book execution and HyperEVM for Ethereum-compatible transfers—allows traders to move assets between them with gas fees paid in the network’s native HYPE token.

Hyperliquid’s expansion mirrors its market performance. The HYPE token rose around 2.4 percent on the day of MetaMask’s announcement to roughly $46.12, marking a 76 percent gain since January. The platform recently recorded new all-time highs of $22 billion in daily trading volume and $4.7 billion in open interest, with protocol revenue exceeding $9.5 million within 24 hours, according to company figures. Its order-book engine can process up to 100,000 orders per second with sub-second block latency—performance metrics that approach centralized exchange efficiency while remaining fully on-chain.

MetaMask’s expansion does not stop with derivatives. The wallet also plans to integrate Polymarket, the leading on-chain prediction platform, later this year, enabling users in compliant jurisdictions to wager on real-world events such as elections and sports outcomes without relinquishing custody. Alongside these integrations, MetaMask is introducing a new points-based rewards system connected to its forthcoming MASK token. Users can earn points through trading, referrals, MetaMask Card usage, or holding its stablecoin MUSD, with the company allocating about $30 million in Linea native tokens to the initial phase of the rewards rollout.

The convergence of Hyperliquid’s on-chain infrastructure, MetaMask’s vast user reach, and Polymarket’s real-world markets suggests a coordinated push toward a self-contained Web3 trading ecosystem. While centralized exchanges still control most derivatives liquidity, MetaMask’s effort to collapse DeFi fragmentation into a seamless wallet experience reflects a broader shift toward integrated, user-owned trading environments—an evolution that could quietly redefine how decentralized finance competes at scale.

This article has been refined and enhanced by ChatGPT.