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Once the MetaMask airdrop is implemented, it will stimulate a large number of users to return to their wallets and re-activate the DeFi ecosystem. To compete for rewards, users will re-swap, try cross-chain transactions, and even actively use the upcoming new feature—Hyperliquid perpetual contract integration.
This feature was first revealed in a GitHub update in July. The code at the time indicated that MetaMask would add a deposit process for the USDC stablecoin on mobile devices, allowing users to fund their Hyperliquid trading accounts without leaving their wallets. According to a pull request on GitHub, the feature design includes a minimum deposit threshold (5 USDC on the mainnet and 10 USDC on the testnet), as well as optimized experiences like fee preview and transaction tracking. The integration was originally planned for version 7.53.0, but ultimately did not appear in the latest 7.54.0. The community generally speculates that the delay is because MetaMask intends to announce the cooperation at the Token2049 conference on October 1st and 2nd, especially after the Hyper team hinted at it in a post on X on September 17th. The dual stimulation of functions and tokens is expected to drive a wave of on-chain activity. For the long-dormant DeFi sector, this could become a new growth opportunity, allowing MetaMask to further evolve beyond its product positioning as a "pure wallet tool" and evolve towards a super application that integrates asset management, trading, and derivatives access. At the same time, competition among wallets will also intensify. From a broader perspective, MetaMask's token issuance not only affects its own positioning but may also have a profound impact on the Ethereum ecosystem. As ConsenSys' core product, its tokenization is expected to increase ConsenSys' overall valuation and influence, further strengthening the competitiveness of the Ethereum ecosystem. Lubin recently hinted that users holding Linea assets may receive additional rewards in the future, which has further fueled expectations for potential collaboration between MASK and Linea. Summary: When Base announced its coin offering exploration, MetaMask quickly followed suit, sending a dual signal: using MASK to solidify its narrative and user base while also expanding its product offerings through Hyperliquid integration. For ordinary users, the opportunities presented by airdrops are real, but most may not be able to secure the desired amount. Regardless of the outcome, these actions mark a new phase for the wallet market. MetaMask is moving away from its role as a "single entry point" and accelerating its evolution towards a comprehensive Web3 super-application.
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