MetaMask Eyes MASK Token Launch as Growth Accelerates

Sean Williams
Metamask

Getting your Trinity Audio player ready...
  • MetaMask confirmed plans to launch a MASK token tied to its DeFi strategy.
  • Revenue tripled to $160M, with $2B in cumulative wallet transactions.
  • New products like mUSD stablecoin and perpetual markets fuel expansion.

MetaMask, the leading Ethereum-focused wallet, is preparing to issue its own token, according to Consensys founder Joseph Lubin. Speaking in a recent interview, Lubin revealed that the MASK token will play a central role in MetaMask’s push toward decentralization and a stronger DeFi strategy.

“The MASK token is coming. It may come sooner than you’d expect,” Lubin said, signaling that development is further along than most anticipated.

MetaMask’s Legal Battles and Market Recovery

MetaMask’s rise has not been without challenges. In 2024, the U.S. Securities and Exchange Commission accused Consensys of offering unregistered securities through its wallet and claimed its swaps and staking features effectively made it an unlicensed broker. However, the case was dismissed in 2025, clearing the path for MetaMask to expand without regulatory overhang.

Since then, MetaMask has recorded over $2 billion in cumulative transaction volume across Ethereum, Binance Chain, and major Layer-2 networks. Its revenue has also surged nearly threefold year-over-year, hitting $160 million in 2025.

Metamask token
Source: DeFiLlama

New Products Fuel Expansion

MetaMask has leaned on innovation to stay competitive. In September, it introduced mUSD, a dollar-pegged stablecoin redeemable 1:1, which quickly reached a $60 million market cap within three weeks of launch. The wallet is also preparing to support perpetual markets through Hyperliquid, signaling ambitions to move beyond swaps and staking.

Even with these advancements, MetaMask currently ranks fifth among crypto wallets by trading volume, trailing Binance and OKX. Once the top-ranked wallet in May, it has since faced stiff competition from rivals like Rabby and Phantom.

Token Launch Odds Still Unclear

Speculation around the MASK token launch remains intense. Data from prediction platform Polymarket recently gave a 43% chance of a 2025 release, briefly spiking above 60% after Lubin’s remarks before sliding below 50%. Unlike many projects, MetaMask has yet to launch a points system or hint at an airdrop campaign, which could shift expectations if introduced.

Also Read: MetaMask’s mUSD Soars 52% as MASK Token Launch Nears — Are You Ready?

MetaMask’s token launch could be a defining moment for the wallet as it seeks to decentralize its platform and strengthen its position in the crowded crypto wallet market. While competition is rising, the combination of new products, revenue growth, and a token launch could help MetaMask reclaim its former dominance.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Related Posts