MetaMask seems to be setting up its mobile wallet for perpetual futures trading by working with Hyperliquid, an on-chain derivatives venue that has become popular with power users this year.
There are public developer threads and code references that point to a dedicated perps tab, deposit flows, and order handling linked to Hyperliquid. This suggests that testing is still going on and that the consumer rollout is not yet complete.
MetaMask hasn’t made an official announcement yet, so things like when it will be available, what assets it will support, and where it will be available are still up in the air.
Still, the direction is clear enough for traders who want to make fewer hops between custody and execution.
Recent problems in the MetaMask Mobile repository mention a “perps” tab and talk about how users have been able to fund a Hyperliquid account from within the wallet, open positions, and wait for positions to show up in the app.
Another person talks about a user opening a long position on ETH and seeing it live on Hyperliquid’s interface first, then seeing it fill up in MetaMask shortly after.
When teams are putting together front ends, messaging, and state updates before a wider release, those reports usually come out.
The GitHub trail suggests that this work has been going on for a while and isn’t just a one-time experiment.
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It would turn the wallet from a gateway and signer into a full trading surface that can handle leverage natively.
This would make things easier for active users, especially those who are already bridging USDC to Hyperliquid’s environment.
It would make on-chain derivatives infrastructure more normal at the wallet level. This change has been gaining traction as more order books and risk engines move on-chain and wallets compete on features instead of just chain support.
The end result could be that you don’t have to switch between a wallet, a bridge, and a derivatives app as often, which would mean fewer chances to mis-sign or miss price changes.
Wallets have been rushing to add native swaps, ways to earn money, and better ways to find dapps. Adding perpetuals to the wallet UI would be a big step forward from token swaps and might appeal to the group that already trades through decentralized perps venues.
Hyperliquid has builder codes and a referral system that let front ends take part in fee flows.
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If MetaMask makes its own interface, it might be able to keep some of the money that used to go to third-party sites, but there hasn’t been any official word on fees, rebates, or how any money would be handled.
Perpetual futures are a type of derivatives, and their availability can change from place to place. Some decentralized venues don’t do traditional KYC, but they still limit front ends by IP or terms of service.
If MetaMask sends out a perps interface, it will need to make it clear which users can use it in the wallet.
Perps make both gains and losses bigger, and having them one tap away from a self-custodial wallet makes things easier for traders.
If risk controls and warnings aren’t clear, or if users treat a wallet like a trading terminal without changing the size of their positions and being careful with their collateral, convenience can be a double-edged sword.
A polished release could slightly increase the volume of on-chain derivatives and help the majors stay liquid.
It would also support the idea that mobile wallets are becoming full stack brokers for Web3, with all of the tools for custody, execution, and portfolio tracking in one place.
The audience that can be reached grows again if the integration later includes desktop or browser extensions.
