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 wallet will be the third to join the Hyperliquid ecosystem, following Phantom, which focuses on Solana, and Rabby, built for Ethereum.
Perpetual contracts, often called ‘perps,’ let you trade with borrowed funds, which can increase both your potential gains and losses.
An analyst suggests that if MetaMask releases its own token, users might participate to receive rewards, which could then increase popularity for Hyperliquid.
Will Hyperliquid’s growth boost HYPE?
Hyperliquid, a new decentralized exchange and blockchain, launched towards the end of last year and has quickly become competitive with well-known platforms like Solana and Binance.
As a researcher, I’ve observed that the success of this DEX’s perpetual futures markets has really taken off. It’s become so popular that other platforms are now connecting to it to access its liquidity using what are called ‘builder codes.’
Users may trade perpetual contracts (perps) through various platforms, but these platforms actually rely on Hyperliquid to process those trades.
In the first half of 2025, Hyperliquid has been attracting an average of 3,000 new users each day. This growth has brought the total number of new users from 525,000 to almost 700,000 during that time.
The platform has seen significant growth, with approximately $6 billion in investments over the past two years.
HYPE token holders benefit the most from the platform’s success. More than 90% of the fees generated are used to buy back HYPE tokens, which decreases the available supply and potentially increases its price.
The platform has introduced USDH, a stablecoin designed to maintain earnings within its system and support its buyback program.
Despite a recent dip in price, HYPE appears optimistic for the near future, supported by several positive factors. The $50 price point was an important level to maintain, as holding above it would have suggested the price could continue to rise above $60.
The way traders were positioning themselves in the options market supported this view. The 25-Delta Skew, a short-term indicator (measured over one week), briefly dipped into negative territory but then bounced back a little.
This indicated that investors were paying more for options that bet the price would go down (puts) than for options that bet the price would go up (calls). Essentially, it signaled a bit of short-term worry about the market.
Looking ahead to the medium term, the one-month rate remained fairly stable and slightly positive, indicating a generally neutral to optimistic expectation.
Simply put, HYPE could attempt a shot at $60 or higher in the next few weeks or days.
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2025-09-21 11:21