Metamask is preparing to integrate perpetual term contracts into its interface via integration with hyperliquid, according to newly surface cod leaks on social networks.
Metamask GitHub’s GitHub benchmark updates have revealed a “PERPS” tab and dedicated deposit flows for USDC, signaling the addition of leverage trading features that are generally found on centralized exchanges.
The new feature would allow users to open and manage perpetual positions via hyperliquid without ever leaving the wallet.
Potential deployment
The code includes details such as minimum deposit thresholds, gas expenses, sliding checks and confirmation messages.
The test notes describe the possibility of starting the deposits within Metamask and receiving updates of real -time status until payment. Although no official launch has been announced, the developer’s comments indicate that the functionality could be posted in a few weeks.
Many in the community expect Metamask to unveil integration into the Token2049 in Singapore, where hyperliquid should organize an event.
Expansion of market share
The hyperliquid quickly became a derivative heavy goods vehicle since its launch last year.
According to Defilma Data, the platform recorded $ 383 billion in monthly negotiation volume and $ 106 million in revenues in August, an increase of 23% compared to the previous month. Its annualized income now exceeds $ 1.16 billion, the total perpetuated perpetuating exceeding 2.5 billions of dollars.
Built on its own layer 1 blockchain, the hyperliquid infrastructure requires the capacity of more than 200,000 orders per second. The system has entirely chain gas and settlement transactions, designed to provide performance in the centralized exchange while retaining transparency.
The decentralized perpetual exchange has also cultivated institutional links, including childcare services with digital anchorage and a partnership with Circle to deploy the stablecoin USDC natively on the network.
The hyperliquid used lower costs and automation to quickly widen its presence on the market. In September, it checked around 70% share of decentralized perpetuates.
