MetaMask, alongside Infinex, now connects to Hyperliquid so users can trade perpetual contracts directly from a self-custody wallet. The goal is to match the speed and depth of centralized exchanges while users keep their keys, a shift matters to retail and institutional traders seeking on-chain derivatives.
The wallet becomes a derivatives gateway. It turns the wallet into a trading terminal. MetaMask plans to ship the in-wallet perps module late in 2024 and widen the release during 2025, positioning the product for broader access over time.
Infinex supplies a familiar interface and non-custodial security — login with a passkey — and hosts more than 100 dApps across roughly 20 chains. It also acts as a bridge for people used to centralized venues, smoothing the path to on-chain activity.
Context and integration details
At the center is Hyperliquid, the leader in on-chain derivatives holding 70–80% of DEX perps market share and recording daily volumes that sometimes top $30 billion. Its own Layer 1 validates up to 200,000 orders each second and reaches finality in under one second, with an on-chain order book that pulls in deep liquidity.
Risks remain on the network side: the chain runs only about 21 validators, and the $JELLY incident showed operational risk that participants will weigh against performance.
The tie-up among the three parties could push more volume from CEXs to perps DEXs, because the wallet holds the product, Infinex smooths the experience, and Hyperliquid delivers speed.
Drawbacks remain: the small validator set and past exploits raise failure risk. Heavier on-chain use will draw regulators, and institutions will want steady proof of robustness and disclosure before committing meaningful flow.
The complete launch of MetaMask’s perps module, set for 2025, is the next marker. Its uptake will show whether ease, speed, and self-custody together can move a sizable share of derivatives away from centralized exchanges.
