Leaked code shows Metamask eyeing in-wallet perps via Hyperliquid

MetaMask is preparing to embed perpetual futures trading into its interface done an integration with Hyperliquid, according to recently surfaced codification leaks connected societal media.

Updates connected MetaMask’s nationalist GitHub repository revealed a dedicated “Perps” tab and deposit flows for USDC, signaling the summation of leveraged trading features typically recovered connected centralized exchanges.

The caller functionality would fto users unfastened and negociate perpetual positions via Hyperliquid without ever leaving the wallet.

Potential rollout

The codification includes details specified arsenic minimum deposit thresholds, state interest previews, slippage checks, and confirmation messages.

Testing notes picture the quality to commencement deposits wrong MetaMask and person real-time presumption updates until settlement. While nary ceremonial motorboat has been announced, developer comments bespeak the diagnostic could spell unrecorded wrong weeks.

Many successful the assemblage expect MetaMask whitethorn unveil the integration astatine Token2049 successful Singapore, wherever Hyperliquid is scheduled to big an event.

Expanding marketplace share

Hyperliquid has rapidly go a heavyweight successful derivatives since its motorboat past year.

According to DefiLlama data, the level recorded $383 cardinal successful monthly trading measurement and $106 cardinal successful gross successful August, a 23% summation from the anterior month. Its annualized gross present exceeds $1.16 billion, with full perpetuals trading surpassing $2.5 trillion.

Built connected its ain Layer 1 blockchain, Hyperliquid’s infrastructure claims capableness for much than 200,000 orders per second. The strategy features gas-free transactions and afloat on-chain settlement, designed to connection centralized exchange-level show portion retaining transparency.

The decentralized perpetuals speech has besides cultivated organization ties, including custody services with Anchorage Digital and a concern with Circle to deploy the USDC stablecoin natively connected the network.

Hyperliquid has utilized little fees and automation to rapidly grow its marketplace presence. As of September, it controls an estimated 70% stock of decentralized perpetuals.

The station Leaked codification shows Metamask eyeing in-wallet perps via Hyperliquid appeared archetypal connected CryptoSlate.