The industry’s largest crypto wallet is expanding far beyond just holding digital coins. On Wednesday, MetaMask revealed native integrations with the popular perpetuals exchange Hyperliquid and one of the largest prediction markets, Polymarket. While MetaMask users can easily access each of these two apps on desktop, the new integration is optimised for an improved user experience for those trading on their smartphones. The reason? Frustrated punters. “We’ve discovered there’s a lot of demand to inter ...

Core Insights - MetaMask is set to integrate perpetuals trading through a partnership with Hyperliquid, enhancing its offerings for over 30 million monthly active users [1][2] - The integration will allow users to trade leveraged derivatives directly within the MetaMask wallet, providing a seamless experience similar to centralized exchanges [2] - Hyperliquid specializes in high-performance perpetual futures trading, offering gas-free transactions and fully on-chain settlements [3] Development Details - Code updates on MetaMask's GitHub indicate active development of a new "Perps" trading screen and deposit functionality for USDC [1][5] - A pull request merged in July introduced a USDC deposit flow, including features like minimum deposit requirements and real-time gas fee estimates [5] - Developers have hinted at a launch in the coming weeks, potentially coinciding with Token2049 in September [6] Hyperliquid Performance - Hyperliquid reported $383 billion in monthly trading volume and $106 million in revenue for August, marking a 23% increase from July [6] - The platform's annualized revenue exceeds $1.162 billion, with cumulative perpetual trading volume reaching $2.57 trillion [7] - Hyperliquid has captured an estimated 70% share of the DeFi perpetuals market, outperforming both decentralized and smaller centralized rivals [7]

Stablecoin Launch - MetaMask's mUSD stablecoin is officially live [1] Key Features & Benefits - Strong liquidity and incentives are promised on Linea [1] - Lowest-cost onramps are a key feature [1] - MetaMask wallet and bridge support are provided [1] - MetaMask card native spending is enabled [1] Future Developments - More features are being teased [1]

Technology Updates - MetaMask now supports Social Login, allowing users to create and recover self-custodial wallets via Google or Apple accounts [1] - Users can create a MetaMask wallet with one click via Google or Apple [1] - Seed phrases are generated privately, and only the user can access them using their login and password [1] Security Enhancement - No more SRPs or private keys are required [1]

Wallet Access & Creation - MetaMask wallets can now be created and logged into with one click using Google or Apple ID, simplifying the process [1] - Creating, restoring, and logging into wallets is now easier than ever [1]

Product Offering - Transak facilitates fiat currency purchases for SOL, ETH, and other cryptocurrencies [1] - Purchases are directly routed to the user's MetaMask wallet [1]

Product Improvement - MetaMask wallet's decongestion has led to improvements [1] - MetaMask has been performing better than other wallets recently [1]