365Crypto
MetaMask and Infinex are stepping up their game. The two decentralized platforms have joined forces with Hyperliquid, the most liquid decentralized derivatives exchange, aiming to challenge centralized exchanges in the exploding perpetuals market.
MetaMask’s Hyperliquid integration launched Wednesday, allowing users to trade perpetual swaps right from their wallet. The wallet team called it a “major milestone,” positioning MetaMask as a one-stop shop for trading, swapping, and holding crypto.
Gal Eldar, MetaMask’s global product lead, said embedding the Hyperliquid engine directly into the wallet “makes it simple for holders to become traders.” With smooth mobile access, MetaMask now lets users make onchain trades in one tap.
Infinex rolled out its Hyperliquid beta weeks ago, clocking over $100 million in trading before the full launch. The DeFi front-end, launched in 2024, aims to offer the simplicity of CEXs without giving up custody. Hyperliquid, meanwhile, has become the go-to decentralized perps exchange.
Decentralized perps volume surged to $772 billion in September, with a record $59.5 billion traded on Sept. 25, per DefiLlama. Traders are flocking to these 24/7 markets for leverage and flexibility. Hyperliquid, Aster, and Lighter currently lead the pack.
MetaMask believes its user-friendly design will help crypto traders escape the hassle of complex bridging and gas fees. Eldar said, “We can’t accept the current onchain trading pain. It’s our job as a wallet to fix it.”
Kain Warwick, founder of Infinex and Synthetix, added that older perps protocols failed to scale, but Hyperliquid “finally got it right.” Even with Binance and Bybit still leading with $93.4B and $31.9B in daily volume, the DeFi wave is catching up fast.
MetaMask is also launching a new loyalty program that rewards users with points for swaps and trades. Season 1 offers $30M in Linea tokens, fee discounts, and a year of MetaMask Metal Card perks — all for active onchain traders.
*(Perps: perpetual futures contracts without expiry; CEX: centralized exchange; DeFi: decentralized finance.)*
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