Key Takeaways
Why does Consensys plan to challenge the MetaMask token?
Joseph Lubin, founding father of Consensys, confirmed that Metamask will challenge a token to drive the pockets’s DeFi initiatives.
When will the MetaMask token go stay?
Lubin didn’t share extra particulars on the timeline and tokenomics
The Ethereum [ETH]-focused pockets, MetaMask, will challenge a token, in response to Joseph Lubin, Founding father of Consensys, the agency behind the pockets.
In a current interview, Lubin stated the token will assist the platform drive its DeFi technique. He said,
“The MASK token is coming. It could come before you’d count on proper now. It’s considerably associated to the decentralization of sure facets of the Metamask platform.”
MetaMask challenges and progress
MetaMask has seen large progress regardless of authorized hiccups. In mid-2024, the earlier SEC charged Consensys with providing unregistered securities by way of the pockets.
Moreover, the regulator claimed MetaMask swaps and staking choices made the platform an unregistered dealer. However in 2025, the case was dismissed, permitting the platform to give attention to constructing.
As of September, the platform has handled over $2 billion in Cumulative Quantity throughout Ethereum, Binance Coin [BNB] chain, and a lot of the L2s.
Moreover, its Cumulative Income has practically tripled since 2024 to almost $160 million.
Supply: DeFiLlama
Collectively, the expansion underscores its traction amid new choices, partly from its swaps and staking companies.
New merchandise drive enlargement
In September, the pockets launched its stablecoin, mUSD, redeemable 1:1 to the U.S. greenback for its customers. In simply three weeks, the mUSD market cap has grown to $60 million, in response to data from Coingecko.
The pockets additionally plans to help perpetual markets pushed by Hyperliquid [HYPE], underscoring progress and enlargement.
Nevertheless, when it comes to total crypto pockets buying and selling quantity, MetaMask ranked fifth, with Binance and OKX wallets main the phase.
Supply: Dune
Apparently, MetaMask topped the checklist round Could however has since dropped amid intense competitors from Rabby, Phantom and others.
MASK launch odds shift
That stated, the extra particulars on the upcoming Metamask token and timeline weren’t but public as of press time.
Nevertheless, the market was pricing a 43% likelihood of the token being launched by 2025, per Polymarket data.
Polymarket
The percentages surged practically to 65% after Lubin’s replace, however dropped under 50% afterward.
Value declaring that almost all platforms with upcoming tokens at all times have level farming to encourage group participation and reward early customers by way of airdrops.
On the time of writing, there was no public point-based system for MetaMask. The percentages of the token launch will possible enhance if such a system is introduced by the pockets.
In the meantime, Lubin, additionally a co-founder of Ethereum, expressed warning concerning the Base token. He warned that it may influence ETH, significantly if the Layer 2 community decides to diverge from the Ethereum mainnet.
