Crypto Surge: MetaMask Launches Token and Perpetuals
MetaMask, the world's leading self-custodial cryptocurrency wallet developed by Consensys, is undergoing a significant transformation, evolving from a mere asset storage wallet into a comprehensive decentralized trading and investment hub. These strategic moves include the launch of perpetual futures (Perps) trading, the introduction of the MetaMask Rewards program, and notably, the confirmation of its long-awaited native token launch. This expansion not only solidifies MetaMask's position but also reshapes the future of DeFi.
MetaMask aims to become an "all-in-one self-custodial trading and investment hub for global finance," addressing the strong shift towards decentralized trading.
MetaMask's Perpetual Futures: Elevating DeFi Trading
MetaMask officially launched its perpetual futures trading feature on October 8, 2025, marking its direct entry into the rapidly growing decentralized finance (DeFi) derivatives market. This feature is powered by Hyperliquid, a leading decentralized derivatives exchange.
Key features of Perps on MetaMask:
In-wallet trading: Users can trade derivatives directly within the MetaMask wallet interface without needing to transfer assets to centralized exchanges, offering maximum convenience.
High leverage: Supports up to 40x leverage on over 150 tokens, including Bitcoin, Ethereum, and Linea, opening up numerous investment opportunities.
Easy deposits: One-click deposit functionality from any Ethereum Virtual Machine (EVM)-compatible chain, simplifying the process.
No swap fees: Eliminates swap fees for perpetual contract trades, reducing costs and increasing attractiveness for active traders.
Self-custody of assets: Users retain full control of their assets, adhering to MetaMask's core principle of self-custody, ensuring security and transparency.
Mobile optimization: Specifically optimized for mobile platforms, improving speed and reducing latency, allowing for trading anytime, anywhere.
Availability: Currently available in permitted regions, ensuring regulatory compliance.
This launch holds immense significance, transforming MetaMask into an "all-in-one self-custodial trading and investment hub for global finance." It addresses the trend towards decentralized trading, as perpetual futures account for approximately 75% of total crypto trading volume, which was previously predominantly on centralized exchanges. Decentralized exchange (DEX) derivatives volume reached a record high of over $765 billion in August 2025, indicating the enormous potential of this market.
MetaMask Rewards Program: Incentivizing On-chain Activity
How to earn points in MetaMask Rewards:
Token swaps.
Perpetual futures (Perps) trading.
New user referrals.
Using the MetaMask Card and holding the mUSD stablecoin (coming soon).
Activities on the Linea network will earn double points, prioritizing the Consensys ecosystem.
Loyalty bonus: 250 points for every $1,250 in past trading volume (up to 50,000 points).
Attractive rewards and benefits:
Over $30 million in LINEA token allocation (for Season 1), providing real value to users.
Reduced Perps trading fees, optimizing profitability.
Priority customer support, enhancing user experience.
Boosted limited-time bonus points.
One year of free MetaMask Metal Card usage.
Exclusive partner rewards and token access.
MetaMask emphasizes that this Rewards program is "not a farming game" but an authentic way to regularly give back to the community, foster engagement, and integrate deeper into the Consensys ecosystem.
MetaMask Token (MASK) Launch Plan: Decentralizing the Future
MetaMask has officially confirmed its plan to launch its native token, commonly referred to as the MASK token, a long-anticipated move that is now "officially in motion." The token is expected to launch "later this year" (2025), potentially in Q4 2025, with Consensys CEO Joseph Lubin stating that the token could launch "sooner than you expect."
Purpose and utility of the MASK token:
Decentralized governance: The MASK token aims to decentralize the Ethereum wallet infrastructure through community governance (DAO), empowering users.
Voting rights: Grants users the power to vote on important proposals and shape the future of the platform, creating a truly decentralized ecosystem.
User incentives: Plays a crucial role in MetaMask's broader strategy to enhance engagement and provide financial incentives across the entire ecosystem.
Diverse utility: Functions as both a utility and governance token within a developing autonomous organization.
mUSD integration: Expected to integrate with the mUSD stablecoin to enhance real-world utility.
Tokenomics (Projected/Preliminary) and Market Impact:
The projected tokenomics are expected to prioritize community ownership, with a significant portion allocated to active users through potential airdrops (following Linea's model with 85% allocation for community/developers). Importantly, MASK is not an equity stake in Consensys. Participation in the airdrop may heavily depend on users' accumulated rewards points activity.
With a potential market capitalization estimated at $10-15 billion if 50% of MetaMask's 30 million users adopt the token, the MASK token is expected to reshape the DeFi 2.0 landscape.
Other Important Information Reinforcing the MetaMask Ecosystem
Prediction Markets: MetaMask will naturally integrate Prediction Markets by late 2025 through an exclusive partnership with Polymarket, the world's largest prediction market, allowing users to participate directly within the wallet.
MetaMask Card: Launched in September 2025, available in both physical and digital versions, offering travel rewards, higher yields, and fee waivers based on activity tiers. Points in the rewards program can also be earned when spending with the MetaMask Card.
mUSD Stablecoin: Recently released in collaboration with Bridge (a Stripe-owned company). Holding mUSD will help earn rewards points, adding further utility to this stablecoin.
Linea Network: The Ethereum Layer-2 network incubated by Consensys, launched in September 2025 with a 9.4 billion token airdrop. Activities on Linea will earn double points in MetaMask Rewards, encouraging ecosystem interaction. Over $30 million in LINEA tokens are allocated for Season 1 rewards.
Consensys: MetaMask's parent company, actively supports the decentralization of the Ethereum ecosystem. Statements from CEO Joseph Lubin have reinforced confidence in the MASK token launch.
In conclusion, these developments mark a pivotal transformative phase for MetaMask. From a mere cryptocurrency wallet, it is positioning itself as a powerful on-chain personal finance platform, offering comprehensive decentralized trading and investment tools, ready to lead the next era of decentralized finance.
Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.