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HomeCryptoEthereumMetaMask Launches Perpetuals Trading with HyperliquidX, Polymarket Integration on Horizon

MetaMask Launches Perpetuals Trading with HyperliquidX, Polymarket Integration on Horizon

MetaMask introduces perpetuals trading powered by HyperliquidX, announces rewards program, and plans Polymarket integration for prediction markets access directly within the wallet.

MetaMask has taken a bold step into decentralized finance by launching perpetuals trading directly within its wallet application. This strategic move enables users to trade perpetual futures without leaving their trusted wallet interface, marking a significant evolution in MetaMask’s service offerings.

Seamless Integration with HyperliquidX

The new perpetuals trading feature, powered by HyperliquidX, brings professional-grade trading capabilities to MetaMask users. This integration allows traders to access perpetual futures markets with one-click funding from any Ethereum Virtual Machine (EVM) chain. MetaMask has eliminated swap fees for perpetual trades, making the platform more cost-effective for active traders. The launch comes at an opportune time, as decentralized exchange volume recently achieved a historic milestone of $1 trillion in monthly trading.

Rewards Program and Token Launch

MetaMask plans to introduce a comprehensive rewards program by the end of October 2024. The program operates on a seasonal points system with three-month cycles, allowing users to earn points through various activities. These activities include token swaps, perpetual trading, and referrals. The platform has allocated $30 million in LINEA token distributions for rewards program participants. Additionally, MetaMask has confirmed the development of its native token, which will integrate with the rewards system.

Future Integration with Polymarket

Looking ahead, MetaMask plans to expand its offerings by integrating Polymarket’s prediction markets platform. This partnership will make MetaMask the first wallet to provide native access to prediction markets, allowing users to participate in on-chain prediction markets directly within their wallet interface. The integration aligns with Polymarket’s recent success, including a significant $2 billion investment from the parent company of the New York Stock Exchange. MetaMask’s Global Product Lead, Gal Eldar, emphasizes this integration as a crucial step in transforming the wallet into a comprehensive on-chain platform for personal finance.

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