Decentralized Crypto trading platform MetaMask and Infinex currently offer lasting futures through integration with high lipids, competing with centralized counterparts in the booming Crypto Perps market.
The integration between Metamask and Hyperliquid will be released on Wednesday, allowing users to access Hyperliquid’s distributed permanent swap exchange directly through Metamask’s wallet.
Metamusk said the “major milestone” is one step closer to becoming an all-in-one, independent trading platform, as it seeks to gain market share from the centralized exchange that dominates the permanent market of crypto.
“By embedding a high-lipid engine directly into your wallet and optimizing it for mobile use, [offering] It’s a frictionless pass for passive owners to become active traders,” Gal Elder, MetaMask’s global product lead, told Cointelgraf in an interview.
“The opportunities are enormous, and with these barriers falling apart, the timing of MetaMask bringing a one-tap, on-chine trading experience across your user base could not have been better.”
Meanwhile, Hyperliquid was integrated into Infinex for beta testing a few weeks ago and was raked over the first four weeks with trading volumes of over $100 million. It was launched last week to Infinex retailers.
Infinex is an unlawful, distributed financial front-end launched in mid-2024, with high lipids being the most liquid-dispersed PERPS exchange on the market.
Decentralized Perp Volume reached $772 billion in September
Crypto Perps is becoming increasingly popular due to its 24/7 trading, high leverage, no expiration dates and ability to profit from both upward and downward markets.
Decentralized PERPS trading volumes have exploded recently, talliing more than $772 billion, including a record $59.5 billion last month. The PERPS market is currently dominated by high lipids, asters and lighters.
Infinex is watching a pre-release of $100 million PERPS
Infinex founder Kain Warwick told Cointelegraph that his platform tallyed more than $100 million in trading volumes during the pre-release stage of high lipid integration over a four-week period.
The $100 million comes from early supporters of the project called Patrons and Select Traders, totaling around 200, Warwick said.
Metamask aims to provide users with a Perps CEX-like experience
Interactions with the Onchain Perps platform have proven challenging for many years of experienced crypto traders, a Metamask executive told Cointelegraph.
“The user shows his intentions, but he gives up halfway through because the process isn’t simple,” Eldar explained that he must know which protocols he will use first and find a bridge that is safe, fast and not overly expensive.
“[They] The protocol only accepts specific assets. This means finding a DEX in that chain to ultimately convert before deposits and transactions.
“Many people on Web3 have come to accept it as normal. We don’t. We see it as a major barrier to adoption and a responsibility as a wallet to resolve.”
Warwick said, along with DYDX and GMX, Synthetix, the early leader in the encrypted trades he founded, was unable to push Perps into wider adoption, and was the first protocol for high lipids to “get right” and the first to scale successfully.
Late last month, Warwick revealed that Synthetics would be relocated to the Ethereum Mainnet, about six years after moving to Ethereum Layer 2 optimism.
CEXS still dominates Perps despite uncertainty
According to data from Coingecko, central exchanges like Binance and Bybit still dominate the volume of derivatives trading, earning $31.9 billion in the last 24 hours alone in $93.4 billion and $31.9 billion.
By comparison, high lipids in 7th place were the top decentralized derivatives platforms, with trading volumes of $10.3 billion over the same time frame.
Related: Defilama lists Aster’s persistent volume data on integrity concerns
Warwick resonated with Sergezi Kunz’s comments last week in the comments of 1 inch founder Sergezi Kunz. Intensive exchanges are increasingly recognizing that debt is the industry’s future.
“What’s interesting is that Onchain is so persuasive that central exchange needs to respond to it. […] All centralized exchanges are trying to figure out what the hybrid approach to Onchain and centralized service is. ”
Metamask will roll out new rewards programs
Eldar also mentioned Metamask’s new “Loyalty Engine.” This rewards Onchain’s participation, such as swaps and PART transactions.
Points accumulate over time, and users move through tiers that unlock better rewards. Includes $30 million worth of Linear (Linear) tokens, PERPS fee discounts, priority support, and a 12-month subscription for MetaMask’s metal card.
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