RT MetaMask.eth 🦊 (@MetaMask)MetaMask Perps have now seen over $1B in trading volume!Hyperliquid.🦊 https://t.co/82qwZH8VNR ...

MetaMask Perps have now seen over $1B in trading volume!Hyperliquid.🦊 https://t.co/82qwZH8VNR ...

Core Insights - MetaMask has launched perpetual futures trading within its mobile app, challenging centralized exchanges [1][2] - The new feature, "MetaMask Perps," allows trading of over 150 tokens with up to 40x leverage while maintaining control of private keys [1][3] Product Features - Users can open long or short positions on popular tokens like Bitcoin and Ethereum without leaving the app [2] - Funding can be done using any EVM-compatible token, which is automatically converted to USDC for trading without additional swap fees [2][3] - The mobile interface includes instant trade execution, live market charts, and risk management tools such as stop-loss and limit orders [3][4] Trading Performance - Trades settle within seconds, enabling users to react to price movements quickly [4] - Users must update to MetaMask Mobile version 7.56 or later to access the new "Perps" tab [4] Market Context - The launch aligns with increasing demand for decentralized perpetuals, with trading volumes exceeding $1.14 trillion in September [5] - Hyperliquid, the platform powering MetaMask's new feature, recorded over $59.5 billion in trading volume on September 25 [5] Competitive Landscape - MetaMask's entry into the derivatives market comes amid rising competition, with Phantom Wallet and Kraken also launching similar features [6][7]

Core Insights - MetaMask has launched a new perpetuals trading service on its mobile platform, offering up to 40x leverage on over 150 EVM-compatible assets [1][2] - This launch is part of a strategic pivot from being primarily a wallet service to becoming a comprehensive trading and investment hub [1][3][4] - The company plans to integrate with Polymarket to provide prediction markets, expanding its service offerings [5] Company Developments - The new perpetuals service, named MetaMask Perps, includes contracts based on major tokens such as ETH, BTC, LINEA, XPL, and BONK [2] - MetaMask is also planning to launch its own token and a new Rewards program in October, despite facing community backlash [3] - The overall goal is to establish MetaMask as an all-in-one self-custodial trading and investment hub for global finance [3] Community Response and Concerns - The introduction of perpetuals trading has faced criticism from the MetaMask community due to the high-risk nature of trades with significant leverage [6] - There are concerns regarding whether MetaMask's infrastructure is adequately prepared to handle the demands of these high-leverage trades [6]