MetaMask has announced the rollout of perpetual futures trading and a new rewards program, marking a major expansion of its decentralized trading capabilities.
The update introduces on-chain derivatives trading directly within the MetaMask wallet, powered by Hyperliquid, and is now available in select regions.
The new feature allows users to trade perpetual contracts without swap fees, offering one-click funding from any Ethereum Virtual Machine (EVM) chain.
According to MetaMask, this development reflects the broader industry shift toward decentralized finance, with global perpetual DEX volumes hitting $765 billion in August 2025.
These announcement follow MetaMask’s recent confirmation of its upcoming MASK token launch, long anticipated by the community. The token is expected to serve as a key component of MetaMask’s strategy to expand user engagement and platform incentives across the decentralized ecosystem.
Perpetual futures are a type of derivative contract that allows traders to speculate on the price of an asset, such as Bitcoin or Ethereum, without owning it directly. Unlike traditional futures, they have no expiration date, meaning positions can be held indefinitely.
These contracts use funding rates to keep prices aligned with spot markets and are widely used in crypto trading for leverage and hedging.