In a bold move that reshapes the landscape of decentralized finance, MetaMask has officially stepped into the on-chain derivatives arena. On October 8, 2025, ConsenSys unveiled the exciting new feature “MetaMask Perps,” which allows users to engage in perpetual futures trading directly within the MetaMask mobile app. This game-changing development is set to take on centralized exchanges head-to-head, offering an innovative alternative for traders seeking more control and flexibility.
Powered by the decentralized exchange Hyperliquid, this new feature opens doors for users to trade over 150 different tokens, increasing their trading leverage up to an impressive 40x. What sets MetaMask apart? The platform ensures that users maintain complete control over their private keys while executing trades. Gone are the days of relinquishing your assets to custodial platforms; with MetaMask Perps, the power is back in the hands of the user.
🚨 PERPS ARE NOW LIVE 🚨You can start trading perps on MetaMask Mobile. And rewards are coming soon. 🧵👇 pic.twitter.com/J2lgZvlpmr— MetaMask.eth 🦊 (@MetaMask) October 8, 2025
The introduction of the “Perps” tab marks a pivotal expansion in MetaMask’s trading capabilities. Users can now seamlessly open long or short positions on high-profile tokens like Bitcoin, Ethereum, LINEA, and BONK—all without leaving the app. Traders can fund their accounts using any EVM-compatible token such as ETH, USDT, or BNB, which is conveniently converted to USDC for trading, eliminating pesky swap fees.
MetaMask promises to deliver trading performance on par with centralized exchanges but in a fully self-custodial environment. The revamped mobile interface boasts rapid trade execution, live market charts, and an array of indispensable risk management tools, including stop-loss, take-profit, and limit orders. Plus, transactions settle in mere seconds, enabling users to respond to price shifts instantaneously—even on the go.
To dive into the exciting world of perpetual futures trading, users simply need to update to version 7.56 of the MetaMask Mobile app. Upon accessing the new “Perps” tab, they can easily fund their accounts and manage multiple positions with a single tap. Real-time push notifications keep traders informed about their positions, signaling a new era of mobile trading.
As decentralized perpetuals witness an explosive rise in demand, this launch could not come at a better time. Recent reports from DeFiLlama reveal that DeFi-based perpetual trading volumes soared beyond $1.14 trillion in September alone. Platforms like Hyperliquid are leading the charge, with record-breaking volumes, such as an astounding $59.5 billion on September 25.
Gal Eldar, MetaMask’s global product lead, emphasized the significance of this launch, stating, “By embedding the Hyperliquid engine directly into our wallet and optimizing it for mobile, we’re offering a frictionless path for passive holders to become active traders.” This statement captures the essence of MetaMask’s vision, aiming to transform into a comprehensive self-custodial trading platform.
The timing of this launch is critical as competition among trading platforms heats up. Phantom Wallet recently rolled out a similar feature for Solana users, leveraging Hyperliquid’s infrastructure, while Kraken introduced its “Kraken Perps” custodial platform in September. In this bustling environment, MetaMask positions itself uniquely, prioritizing user control without the risks that come with centralized exchanges like Binance and OKX, which have historically dominated this space.
MetaMask’s ambitious expansion doesn’t stop with perpetual futures. The excitement surrounding this launch follows months of speculation after notable updates appeared on GitHub, hinting at plans for integrating perpetual futures trading. As rumors swirled, the crypto community eagerly anticipated this development alongside discussions of a long-rumored MetaMask token, aptly named MASK, which may arrive sooner than users expect, according to ConsenSys CEO Joseph Lubin.
The MetaMask token launch “may come sooner than you would expect,” says Joe Lubin, CEO of Consensys. #MetaMask #MASKToken #Consensys https://t.co/QzEWfGdOwO— Cryptonews.com (@cryptonews) September 19, 2025
Lubin expressed that the MASK token would play a crucial role in decentralizing MetaMask’s ecosystem, generating excitement for potential large-scale airdrops for active wallet holders. Adding to its innovative offerings, MetaMask also recently launched MetaMask USD (mUSD), its inaugural native stablecoin. This makes it the first major self-custodial wallet to offer a stablecoin, designed to enhance liquidity and utility across the DeFi landscape.
Earlier this year, MetaMask introduced a seamless social login feature, allowing users to create or recover accounts with familiar credentials like Google or Apple, all while ensuring their self-custody is not compromised. This feature employs advanced cryptographic methods, protecting private keys from access by both MetaMask and external login providers.
🪪 MetaMask adds Google and Apple login to simplify wallet access, eliminating the need for complex seed phrase management. #MetaMask #Wallet https://t.co/jjy80DdR9e— Cryptonews.com (@cryptonews) August 27, 2025
Collectively, these developments signify MetaMask’s transformation from a straightforward Ethereum wallet into a robust DeFi hub. By integrating trading, payment options, and stable assets while maintaining user control, MetaMask is poised to redefine the way we engage with DeFi. Interested in unlocking these innovative features? Update your MetaMask app and step into the future of trading today!