Popular cryptocurrency wallet MetaMask announces native support superfluidity On Wednesday, users will be able to more easily speculate on the prices of various cryptocurrencies through an upcoming new feature. decentralized exchange.
MetaMask said in a press release that this integration is a direct response to its growing popularity. perpetual futuresThis allows traders to place huge bets on digital assets such as: Bitcoin and Ethereum It uses leverage and, unlike traditional features, has no expiration date.
Traders have traditionally turned to centralized exchanges like Binance and OKX for perpetual futures, but the ConsenSys-owned project highlights that derivatives trading volume on decentralized competitors hit a record $765 billion in August. (Disclaimer: ConsenSys 1 of 22 investors At editorially independent Decrypt. )
“Ultimately, we are working to not only bring people on-chain, but also create a reason for users to never want to leave,” Gal Elder, global product lead at MetaMask, said in a statement. “This is another step in transforming MetaMask into an on-chain platform for personal finance.”
The March report said that while centralized perpetual futures platforms account for the majority of volume and open interest, decentralized alternative platforms are “slightly emerging”, with HyperLiquid leading the way. report From crypto data provider CoinGecko.
HyperLiquid’s HYPE token rose 2.4% to $46.12 on Wednesday. The cryptocurrency’s price has increased 76% year-to-date from $26.19 in January.
MetaMask also announced Wednesday that it is integrating prediction market Polymarket. Just a platform inked A $2 billion deal with the owner of the New York Stock Exchange. The cryptocurrency wallet plans to add native support for Polymarket later this year.
Since its debut in 2016, MetaMask has added features in response to industry trends and expanded its focus beyond Ethereum. This also includes MetaMask recent support Bitcoin, Solana, and Metamask hug An in-wallet service for token exchange will be launched in 2021.
Metamask is plan As for the token release, he said a seasonal point system would fit in with that. MetaMask said that for the next three months, users will be able to earn points and unlock perks such as native tokens. lineEthereum owned by ConsenSys layer 2 network.
