MetaMask has officially introduced perpetuals trading on its platform, powered by Hyperliquid. Meanwhile, the crypto wallet confirmed plans to launch its token and also integrate the crypto predictions platform Polymarket later this year.
MetaMask Rolls Out Hyperliquid Perpetuals
The crypto wallet announced in a press release that Hyperliquid-powered perpetuals futures are now live on its platform. With this, users will be able to trade perps on the application, with funding from any EVM chain.
This follows an earlier CoinGape report from last month, which stated that MetaMask was planning to launch these Hyperliquid perpetuals in-wallet as part of its expansion plans. This comes as the crypto market continues to witness historic decentralized exchange (DEX) volume, recently topping $1 trillion in monthly volume for the first time ever.
The crypto wallet joins the likes of other wallet providers such as Phantom, which have already integrated perpetuals trading in-app, through the Hyperliquid platform. Meanwhile, the wallet provider also confirmed its rewards program, which will go live at the end of this month.
CoinGape has previously reported that MetaMask was preparing to launch a new reward points system for on-chain activities, including swaps and bridging, which it has now confirmed. The crypto wallet also hinted that the rewards system will be integrated with the upcoming launch of its MetaMask token.
As such, there is the likelihood that the rewards system will play a major role in the token airdrop. There are also plans to distribute over $30 million in LINEA token allocations as part of the rewards program.
Plans To Integrate Polymarket
MetaMask also revealed plans to expand into the prediction markets with an exclusive Polymarket integration. The crypto wallet will enable its users to participate in on-chain prediction markets directly within its platform.
This comes as prediction markets, such as Polymarket and Kalshi, continue to gain traction. Notably, Polymarket has just secured an investment of up to $2 billion from the parent firm of the New York Stock Exchange, ICE.
With the proposed Polymarket integration, MetaMask will become the first wallet to integrate Prediction markets natively. Commenting on this move, the wallet’s Global Product Lead, Gal Eldar, remarked that it marks another step in transforming the wallet into an “on-chain platform for personal finance.” “Ultimately, we’re working not just to bring people on-chain, but to create the reasons users will never want to leave,” he added.
Source: https://coingape.com/metamask-launches-hyperliquid-perpetuals-in-app-plans-to-integrate-polymarket/
