MetaMask appears to be laying the groundwork for perpetual futures trading inside its mobile wallet through an integration with Hyperliquid, the on-chain derivatives venue that has gained traction with power users this year.
Public developer threads and code references point to a dedicated perps tab, deposit flows, and order handling tied to Hyperliquid, indicating active testing rather than a finished consumer rollout.
MetaMask has not issued an official announcement, and details such as timing, supported assets, and geographic availability remain unconfirmed. Still, the direction is clear enough to matter for traders who want fewer hops between custody and execution.
Recent issues in the MetaMask Mobile repository reference a perps tab and describe user experiences like funding a Hyperliquid account from within the wallet, opening positions, and waiting for positions to appear in the app.
Another mentions a user opening a long position on ETH, seeing it live on Hyperliquid’s interface first, then watching it populate in MetaMask shortly thereafter.
Those reports usually show up when teams are wiring together front ends, messaging, and state updates before wider release. The GitHub trail suggests this work has been unfolding over recent weeks rather than as a one-off experiment.
It would extend the wallet’s role from gateway and signer into a fuller trading surface that can handle leverage natively that compresses the workflow for active users, particularly those already bridging USDC to Hyperliquid’s environment.
It would further normalize on chain derivatives infrastructure at the wallet layer, a shift that has been gathering momentum as more order books and risk engines move on chain and as wallets compete on features rather than only chain support.
The end result could be less tab hopping and fewer chances to mis-sign or miss price changes when moving between a wallet, a bridge, and a derivatives app.
Wallets have been racing to add native swaps, earn features, and better dapp discovery. Bringing perpetuals inside the wallet UI would mark a notable step beyond token swaps and might appeal to the cohort that already trades through decentralized perps venues.
Hyperliquid supports builder codes and referral infrastructure that let front ends participate in fee flows.
If MetaMask builds a first party interface, it may capture economics that previously leaked to third party portals, though nothing official has been disclosed about fees, rebates, or how any revenue would be handled.
Perpetual futures are a derivatives product and availability often varies by region. Some decentralized venues do not perform traditional KYC but still restrict front ends by IP or terms of service.
If MetaMask ships a perps interface, it will need to clarify which users can access it inside the wallet.
Perps amplify both gains and losses, and running them one tap away from a self-custodial wallet reduces friction that would otherwise slow traders down.
Convenience can be a double edged sword if risk controls and warnings are not clear or if users treat a wallet like a trading terminal without adjusting position sizing and collateral discipline.
A polished release could boost on-chain derivatives volume at the margin and support liquidity for the majors. It would also reinforce the idea that mobile wallets are evolving into full stack brokers for Web3, with custody, execution, and portfolio telemetry living in one place.
If the integration expands to desktop or browser extension later, the addressable audience widens again.
