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MetaMask Perpetuals Trading & Confirms Token

by Ouess
written by Ouess

Massive news from the Web3 world! MetaMask just supercharged its platform with major new features. The popular crypto wallet officially launched MetaMask perpetuals trading. This groundbreaking move lets users trade perpetual futures directly within their wallet. The feature is powered by the Hyperliquid protocol.

MetaMask Perpetuals and Upcoming Token

This integration allows funding from any EVM chain. It marks MetaMask’s entry into decentralized derivatives trading. The wallet follows Phantom’s lead in adding perpetuals. This comes during a historic surge in DEX volume. The space recently passed $1 trillion in monthly volume for the first time.

Even more exciting, MetaMask confirmed its native token is coming. The team also announced a rewards program launching this month. Users will earn points for on-chain activities like swapping and bridging. These rewards will likely connect to the upcoming token airdrop. The program will also distribute over $30 million in LINEA tokens.

Polymarket Integration Coming Soon

But wait, there’s more! MetaMask revealed plans to integrate Polymarket. This will bring prediction markets directly into the wallet interface. Users will soon bet on real-world events on-chain. The timing is perfect. Polymarket just secured a massive $2 billion investment from ICE.

This makes MetaMask the first wallet to natively integrate prediction markets. Global Product Lead Gal Eldar called it a step toward becoming an “on-chain platform for personal finance.” The goal is clear: create reasons users never want to leave the ecosystem.

Key Takeaways

  • MetaMask perpetuals trading is now live via Hyperliquid
  • Native token confirmed with rewards program launching soon
  • Polymarket prediction markets integration coming
  • Over $30M in LINEA tokens to be distributed to users

My Thoughts

This is a game-changing move for MetaMask. The wallet is evolving into a comprehensive DeFi hub. Adding MetaMask perpetuals and prediction markets creates massive stickiness. This could significantly boost user engagement and lock-in. The token announcement will likely drive major airdrop farming activity.

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MetaMask rewards program
DeFi

MetaMask Rewards Program and MASK Token

by Ouess
written by Ouess

MetaMask is preparing to launch a major new loyalty initiative. The MetaMask rewards program will allow users to earn points for on-chain activities, and speculation is growing that these points may be linked to a future MASK token airdrop.

Details of the MetaMask Rewards Program

A new rewards page has quietly appeared on the MetaMask dashboard, signaling the imminent launch. The MetaMask rewards program will incentivize common activities like token swapping and cross-chain bridging.

Users will eventually be able to exchange their accumulated points for token rewards, partner perks, or other exclusive benefits. This initiative is part of a broader strategy to boost user engagement ahead of the planned MASK token launch.

Expanding the MetaMask Ecosystem

The MetaMask rewards program is one of several major expansions. Recently, MetaMask introduced its own stablecoin, mUSD, and a payment card. Furthermore, code reveals plans to integrate perpetuals trading directly into the wallet interface.

Consequently, these developments highlight a strategic push to transform MetaMask from a simple wallet into a comprehensive Web3 super-app. Therefore, the MetaMask rewards program is a key component of this user-growth strategy.

The MASK Token Speculation

While not officially confirmed, community speculation about a MASK token airdrop is intense. Experts suggest that active users of MetaMask Swaps, the MetaMask Bridge, and the Linea network will likely be prime candidates for rewards.

The official launch of the MetaMask rewards program is scheduled for October 2025, setting the stage for a potentially transformative period for the popular wallet.

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DeFi

MetaMask to Integrate Hyperliquid Perpetuals Trading

by Ouess
written by Ouess

MetaMask, one of the world’s most popular crypto wallets, is poised for a massive upgrade. New code discovered on GitHub reveals plans to integrate perpetual futures trading from the decentralized exchange (DEX) Hyperliquid directly into its platform.

This move signals a strategic shift for MetaMask from a simple wallet into a comprehensive DeFi trading hub, following the recent launch of its mUSD stablecoin.

From Wallet to Trading Terminal

The GitHub pull request shows developers are actively working on a feature that will allow users to deposit USDC directly from their MetaMask wallet to a Hyperliquid perpetuals trading account.

This integration would enable users to trade perpetual futures contracts without ever leaving the MetaMask interface. While the official rollout date is still unknown, crypto researcher Eric predicts an announcement could come within weeks, potentially at the Token 2049 conference.

https://twitter.com/RicardoAmatto/status/1969043828129644888?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1969043828129644888%7Ctwgr%5E7627cc09b7eda24fad95768d40a0ba3b5fbf2a58%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcoingape.com%2Fmetamask-to-integrate-hyperliquids-perpetuals-in-wallet%2F

He also speculates that MetaMask could launch a points campaign alongside the news, further fueling speculation around its confirmed plans for a native token.

A Major Win for Hyperliquid Adoption

This partnership is a huge endorsement for Hyperliquid. Being integrated into a wallet with tens of millions of users could expose its trading products to a massive new audience.

The timing is also significant. This news follows a major week for Hyperliquid, which just welcomed native USDC from Circle and received a public investment from the stablecoin issuer.

Could This Double Hyperliquid’s Volume?

The potential impact on trading volume is staggering. Market expert Ryan predicted in an X post that this integration could double Hyperliquid’s daily perpetuals volume.

The DEX currently handles between $8 billion and $10 billion in daily volume. If even a fraction of MetaMask’s vast user base participates, it could lead to a monumental surge in activity.

Ryan also suggested that such a massive inflow of traders could increase Bitcoin’s volatility and potentially contribute to higher prices across the crypto market.

A “Seismic Shift” for DeFi and CEXs

This move is more than a simple feature addition; it’s a fundamental evolution. Fund manager Ricardo Amatto called it a “seismic shift” from a crypto wallet to a full trading terminal.

https://twitter.com/BigRyanPark/status/1969042914660733377?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1969042914660733377%7Ctwgr%5E7627cc09b7eda24fad95768d40a0ba3b5fbf2a58%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcoingape.com%2Fmetamask-to-integrate-hyperliquids-perpetuals-in-wallet%2F

By erasing the friction of moving funds between a wallet and an exchange, MetaMask is directly challenging centralized exchanges (CEXs). This development begs the question: could CEX liquidity soon start bleeding into self-custody wallets? This integration would mark a significant step towards a more seamless and powerful DeFi experience.

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DeFi

MetaMask Adds Solana Support to Web Wallet

by Ouess
written by Ouess

MetaMask, the world’s most popular crypto wallet, has finally rolled out Solana support on its browser extension. This marks the end of MetaMask’s long-standing exclusivity to Ethereum Virtual Machine (EVM) networks and opens the door to a broader multi-chain experience.

Solana Integration Now Live on MetaMask Web

As of May 27, users can now store and manage Solana (SOL) and Solana-based tokens directly through MetaMask’s web extension. While this update is currently limited to desktop browsers, mobile support is expected within weeks, according to the MetaMask team.

This change allows users to access Solana without switching to other wallets, streamlining the user experience significantly.

Non-EVM Expansion Strategy Underway

MetaMask confirmed that Solana is just the beginning. The company plans to support more non-EVM networks, aiming to eliminate the need for juggling multiple wallets. Their goal is clear: “One wallet, one interface, every network.”

With this shift, MetaMask is positioning itself as a true multi-chain wallet, giving users more flexibility and convenience in managing their crypto assets.

Competing with Phantom and Other Wallets

While this move is major, Phantom, the leading Solana-native wallet, still holds the upper hand for many users. Phantom already supports multiple blockchains, including Ethereum, Bitcoin, Base, and Polygon.

However, MetaMask hopes its robust security features will attract multi-chain users. The wallet includes:

  • Real-time transaction alerts
  • Malicious dApp detection
  • Simulated transactions before approval

MetaMask emphasizes that it has never faced a protocol-level hack on either its browser or mobile platforms.

Caution Remains: Social Engineering Still a Threat

Despite strong architecture, users should remain cautious. In 2023, some MetaMask users lost funds after phishing attacks via hacked Namecheap emails. The company urges users to remain vigilant and follow best practices for crypto security.

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Regulation

MetaMask Faces SEC Lawsuit for Unregistered Securities

by Ouess
written by Ouess

The U.S. Securities and Exchange Commission (SEC) has sued Ethereum software provider Consensys, claiming that its MetaMask service operated as an unregistered securities broker. The SEC’s lawsuit also alleges that MetaMask’s staking feature violated securities laws.

The Allegations

According to the SEC, MetaMask engaged in the offer and sale of securities through its wallet tool. The lawsuit also targets Ethereum staking services Lido (LDO) and Rocket Pool (RPL), which MetaMask uses for its staking feature.

Broader Implications

This enforcement action is part of the SEC’s ongoing efforts to categorize various aspects of the crypto market as securities. The recent approval of the Ether ETF fueled speculation that the SEC might regulate liquid staking derivatives of ETH, like Lido’s stETH token. Previous settlements with Kraken and Coinbase, who ceased staking services in certain states, underscore the SEC’s regulatory push.

MetaMask’s Features and Controversies

MetaMask is a widely used wallet for Ethereum and other blockchains. It allows users to store, buy, and sell digital assets via its “Swaps” service, a key feature in the SEC’s lawsuit. Consensys has facilitated over 36 million crypto transactions in the past four years, with at least 5 million involving “crypto asset securities.”

The SEC’s suit names several cryptocurrencies as unregistered securities, including Polygon (MATIC), Mana (MANA), Chiliz (CHZ), the Sandbox (SAND), and Luna (LUNA). Many of these assets have been previously identified in other SEC lawsuits, though some issuing entities dispute these claims.

Staking Services Under Scrutiny

MetaMask’s staking feature, powered by Lido and Rocket Pool, allows users to secure the Ethereum blockchain in exchange for interest. The SEC alleges these integrations amount to “investment contracts” and views the popular stETH and rETH liquid staking tokens as unregistered securities.

Consensys responded to these allegations, stating they anticipated the SEC’s move. The company believes the SEC’s actions represent regulatory overreach and an attempt to expand its jurisdiction.

Ongoing Legal Battles

This lawsuit follows Consensys’ earlier legal action against the SEC, where it sought judicial relief against the potential designation of MetaMask as a broker and its staking service as a violation of federal securities laws. Consensys continues to challenge the SEC’s authority in regulating software interfaces like MetaMask.

“We are confident in our position that the SEC has not been granted authority to regulate software interfaces like MetaMask,” said a Consensys representative. “We will continue to vigorously pursue our case in Texas for ruling on these issues because it matters not only to our company but the future success of web3.”

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DeFi

Revolut and MetaMask Join Forces: Simplifying Cryptocurrency Access

by Ouess
written by Ouess

Revolut, the widely-used digital banking platform, has teamed up with MetaMask, a leading provider of crypto wallets, to make cryptocurrencies more accessible to its extensive user community.

With the introduction of a new feature called Revolut Ramp, users now have the ability to purchase cryptocurrencies directly from within the MetaMask app or browser extension.

This collaboration streamlines the process of acquiring and managing crypto assets, eliminating the hassle of transferring funds between different platforms.

Lorenzo Santos, senior product manager at Consensys, the company behind MetaMask, commented:

“This partnership empowers our users to have greater control over their crypto assets in a user-friendly manner. It also plays a crucial role in driving wider adoption of cryptocurrencies by making this world more accessible to a broader audience.”

With over 30 million users, MetaMask presents a significant market opportunity for Revolut to expand its crypto services.

Revolut’s move reflects a broader trend of financial institutions embracing cryptocurrencies. Major fintech players such as Robinhood, PayPal, and Venmo have recently expanded their crypto offerings, while traditional financial giants like BlackRock, Fidelity, and VanEck have launched the first spot Bitcoin exchange-traded funds (ETFs) in the U.S.

Accessible through the MetaMask app, browser extension, and Portfolio platform, Revolut Ramp allows users to purchase up to 20 cryptocurrencies, including Ethereum.

Revolut initially launched its crypto trading services in Europe back in 2017 and experienced substantial revenue growth during the bullish market of 2021, raking in $769 million in revenue. This achievement marked the company’s first profitable year. However, challenges arose in 2022 amidst the bear market, leading to reported losses in its financial results.

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DeFi

MetaMask Unleashes Game-Changing Validator Staking: A Paradigm Shift in Ethereum DeFi Participation

by Ouess
written by Ouess


MetaMask, a well-known provider of crypto wallets, has introduced an innovative staking service, allowing Ethereum users to independently operate their validator nodes. Unveiled on January 18 as part of MetaMask Portfolio, this new feature presents exciting possibilities for users looking to actively engage in decentralized finance (DeFi) without the complexities associated with traditional staking methods.

Empowering Ethereum users, MetaMask’s validator staking service enables them to run their own validator nodes with a deposit of 32 Ether (ETH), approximately $78,752 at current market prices. The process is streamlined and user-friendly, eliminating the need for pooling or additional hardware. MetaMask ensures users that their nodes will be operated securely, efficiently managing staking rewards while mitigating risks like slashing and downtime.

In a Twitter announcement, MetaMask emphasized the simplicity of the service: “With a 32 ETH deposit, we run your very own validator node where you’re always in control. No pooling. No hardware. Just rewards.✔”

Addressing concerns about centralization and hardware expenses, MetaMask’s new service is poised to attract both beginners and decentralists. By allowing users to run their validator nodes without hardware or pooling, MetaMask tackles centralization issues associated with major liquid staking providers like Lido.

Consensys, the service manager, highlighted its security track record, noting that it “has never received any slashing penalties in more than two years of operation, despite managing over $2 billion worth of ETH across more than 33,000 validators.”

In terms of yield and fees, staking via MetaMask currently offers a competitive 3.8% annual yield in the market. However, the platform charges a 10% commission on validator rewards, prompting discussions among industry experts. Lefteris Karapetsas, Founder of crypto portfolio tracker Rotkiapp, expressed reservations, stating, “Interesting idea but a 10% fee makes it a completely unattractive option for any user who bothers to compare with the other available options out there.”

Despite the fee, the yields from staking with MetaMask, excluding fees, closely align with competitors like Lido, offering a 3.4% yield. As MetaMask’s validator staking service enters the market, the community eagerly awaits further developments, evaluating how this offering will influence Ethereum staking dynamics and the broader DeFi landscape.

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