tl;dr
MetaMask expands into perpetual swaps, prediction markets, and a rewards program, positioning itself as a hub for crypto trading and DeFi. The platform’s new features, including a stablecoin and token launch, signal a major shift in digital asset management.
**MetaMask Expands Crypto Trading Capabilities with Perpetual Swaps and Prediction Markets Integration**
MetaMask, the widely used cryptocurrency wallet developed by Consensys, is deepening its foray into trading and speculation by introducing perpetual swaps and integrating Polymarket prediction markets into its platform. These moves signal the company’s ambition to become a one-stop hub for both asset storage and active crypto participation.
**Perpetual Swaps and HYPE Protocol Integration**
On Wednesday, MetaMask announced the launch of perpetual futures trading within its app, powered by HYPE, a decentralized derivatives protocol. Perpetual swaps allow users to bet on future price movements of assets without expiration dates, a market that accounts for approximately 75% of all crypto trading volume. This feature is underpinned by Hyperliquid, a leading player in the sector, which processed $275 billion in trading volume last month, according to TokenTerminal data.
The integration brings one of the most active crypto markets directly into MetaMask, offering users a streamlined experience. The platform now includes a redesigned mobile app, zero swap fees, and one-click funding across EVM-compatible chains, enhancing accessibility and efficiency for traders.
**Polymarket Prediction Markets Launch**
In a separate but complementary move, MetaMask revealed an exclusive partnership with Polymarket, a decentralized prediction market platform. The integration, set to roll out later this year, will enable users in approved regions to bet on real-world outcomes—ranging from elections to crypto price movements—without relinquishing custody of their assets. This marks a significant step for MetaMask, expanding its offerings beyond traditional trading into the realm of decentralized forecasting.
**Rewards Program and Token Launch**
MetaMask is also preparing for its long-anticipated token launch by introducing a points-based rewards program. Scheduled to debut by the end of the month, the program will reward users for activities such as trading, referrals, and using the MetaMask card. Rewards include fee discounts and allocations of native tokens, with the first phase allocating $30 million in Linea’s token, an Ethereum layer-2 network developed by Consensys. These points will eventually connect to MetaMask’s upcoming native token.
**MetaMask USD (MUSD) Stablecoin Success**
Earlier this month, MetaMask launched its own stablecoin, MetaMask USD (MUSD), in partnership with Stripe’s Bridge and M0. The token surpassed $100 million in supply within a month, underscoring growing demand for trusted, user-friendly stablecoins in the crypto ecosystem.
**Strategic Expansion**
These developments position MetaMask as a more comprehensive platform, blending wallet functionality with advanced trading tools and decentralized finance (DeFi) services. By integrating perpetual swaps, prediction markets, and a rewards system, the company is catering to both casual users and active traders, while laying the groundwork for its upcoming token.
As the crypto landscape continues to evolve, MetaMask’s expansion highlights the shifting dynamics of digital asset management, where wallets are becoming gateways to a broader range of financial services. For users, this means greater flexibility and innovation—all within a platform that prioritizes security and accessibility.