MetaMask Perps Expand to Hyperliquid – Can HYPE Smash Through $60?

MetaMask just supercharged its perpetual trading capabilities with Hyperliquid integration—traders now get direct access to leveraged positions without leaving their favorite wallet.

Seamless Swaps Meet High Leverage

The integration eliminates middlemen, letting users execute perps with up to 20x leverage while maintaining full custody of their assets. No more transferring funds to centralized exchanges—just click and trade.

HYPE's Momentum Builds

Hyperliquid's native token HYPE has been riding a wave of protocol growth, now flirting with the $60 resistance level. With MetaMask's massive user base flooding in, liquidity deepens and volatility amps up.

Traders Chase the Breakout

If HYPE clears $60, technical analysts see a path to $80—fueled by fresh volume from retail traders who finally got a user-friendly on-ramp to leveraged trading. Though let's be real—in crypto, 'user-friendly' just means fewer ways to accidentally burn your funds.

Will this partnership trigger the next leg up? Or is it just another 'innovation' that lets people lose money faster? Only the charts will tell—but one thing's certain: the casino just added a new table.

Key Takeaways

How will MetaMask’s integration affect HYPE’s growth?

MetaMask’s large user base will bring more liquidity and adoption for Hyperliquid 

How will HYPE holders benefit from the integration? 

It means more fees that will help buy back and burn more HYPE, which could boost the token’s value. 

MetaMask is planning to offer perpetual markets powered by Hyperliquid [HYPE]. 

This would be the third wallet provider, after Solana [SOL]-focused Phantom and ethereum [ETH]-based Rabby wallets, to leverage Hyperliquid’s growing ecosystem. 

Perpetual or perps allow users to bet on price movements with leverage, offering the chance of multiplying the user’s profit and losses.   

Given that MetaMask is planning to launch a token, users could jump on it to earn the rewards (airdrops), further driving traction for Hyperliquid, according to an analyst.  

Source: X

Will Hyperliquid’s growth boost HYPE?

Hyperliquid DEX and chain was launched late last year, but has grown to rival established chains and centralized exchanges like solana and Binance [BNB].

In particular, the DEX’s successful perpetual markets have since attracted other platforms to plug into the liquidity via ‘builder codes.’

Third parties can offer perps to users on their interfaces, but under the hood, they are using Hyperliquid.  

So far, the number of new Hyperliquid users has hit a daily average of 3000 in H2 2025. The cumulative new users have climbed from 525K to nearly 700K over the same period. 

Source: Hyperliquid Stats

In terms of capital flows, about $6B has entered the platform in less than two years, further reinforcing its traction. 

And HYPE holders are the greatest beneficiaries of growth. Over 90% of earned fees help fund HYPE buybacks that reduce supply and boost its value. 

In fact, the platform has launched its stablecoin USDH that will keep yield within the ecosystem and further help with the buyback program. 

On the back of these catalysts, HYPE has a positive outlook in the mid-term despite the recent pullback on the price charts. On the price charts, the $50 level was a key support to hold to confirm further upside above $60. 

Source: HYPE/USDT, TradingView

Interestingly, the Options market positioning echoed this outlook. The 25-Delta Skew for 1-week tenor (red) slipped to the negative but recovered slightly.

It meant a short-term premium for puts (bearish bets for hedging) over calls (bullish bets). In other words, short-term caution. 

However, in the mid-term, the 1-month tenor was relatively flat and positive, suggesting a neutral to positive outlook in the mid-term.

Simply put, HYPE could attempt a shot at $60 or higher in the next few weeks or days. 

Source: Leavitas