MetaMask Eyes Hyperliquid Integration After mUSD Launch
MetaMask to Integrate Hyperliquid Perpetuals In-Wallet
Crypto wallet MetaMask appears poised to integrate Hyperliquid's perpetuals trading directly into its platform. This development arrives on the heels of MetaMask's launch of its mUSD stablecoin and amidst ongoing plans for a native token launch.
GitHub documentation suggests the wallet's intent to integrate Hyperliquid perpetuals trading, including deposit functionality. The pull request details the implementation of a change enabling users to deposit USDC from their wallet directly into their Perps trading account.
This integration follows the launch of MetaMask’s mUSD stablecoin, which could play a role in this integration. Solana wallet Phantom previously integrated in-wallet perpetual futures trading in July, offering over 100 markets via a partnership with a decentralized exchange.
MetaMask has not yet announced a firm rollout date for the Hyperliquid feature.
Crypto researcher Eric speculates that the launch could coincide with the Token 2049 Conference during the Hypurreco event. He also suggests that MetaMask may introduce a points campaign alongside the Hyperliquid announcement, given the confirmed plans for a token launch.
This potential integration represents a significant adoption opportunity for Hyperliquid. Notably, USDC issuer Circle recently announced its HYPE investment and the launch of native USDC on Hyperliquid’s network, HyperEVM.
Impact on Hyperliquid's Trading Volume
Market expert Ryan predicts that MetaMask's integration could potentially double Hyperliquid's daily perpetuals volume, currently ranging from $8 billion to $10 billion. He suggests this could increase Bitcoin's volatility and potentially contribute to price increases.
🦊 METAMASK (30M+ USERS) LAUNCHES IN-WALLET PERPS TRADING WITH HYPERLIQUID, A TOP DEX W/ $330B MONTHLY VOLUME.
THIS COULD 2X @HyperliquidX’S $8-10B DAILY PERPS VOL IF ALL ITS USERS ENGAGE, TEMPTING.
MASSIVE CRYPTO DEGEN LIQUIDITY.
👆INCREASES $BTC VOLATILITY BUT I CAN SEE… pic.twitter.com/hdX41Jka9q
— ₿IGRYAN 🟠 (@BigRyanPark) September 19, 2025
Fund manager Ricardo Amatto views the potential integration as a shift for MetaMask, transforming it from a wallet into a full trading terminal. He also raises the question of whether centralized exchanges (CEXs) liquidity might begin to migrate into crypto wallets.
MetaMask integrating perps with Hyperliquid is a seismic shift. ⚡
From wallet ➝ full trading terminal — this erases one of DeFi’s biggest frictions.
Do we finally see CEX liquidity start to bleed into wallets? pic.twitter.com/lTuPuaCLQW— Ricardo Amatto (@RicardoAmatto) September 19, 2025