Hyperliquid Airdrop 2025: 7 Brilliant Trading Tips

Hyperliquid Airdrop: A Fundamental Guide

Hyperliquid isn’t just another decentralized exchange; it’s a full-blown, purpose-built Layer 1 blockchain that’s been turning heads with its CEX-like speed and on-chain transparency. The platform made serious waves with its massive airdrop that handsomely rewarded its early community. This community-first approach has become a core part of its identity.

This guide, updated as of July 2025, unpacks everything you need to know about positioning yourself for what comes next. We’ll check out the Hyperliquid airdrop key statistics that show just how big this platform has become.

We’ll also cover topics such as the airdrop criteria and whether there will be a Hyperliquid airdrop 2. For those who were eligible, we’ll explain how to use a Hyperliquid airdrop checker and how to claim the Hyperliquid airdrop.

Hyperliquid Airdrop Key Statistics of July 2025

Hyperliquid isn’t just talk; it’s backed by some staggering numbers, from its trillion-dollar trading volume to its token allocation for the community.

• The Genesis Airdrop on November 29, 2024, distributed 31% of the total HYPE supply to the community.
• A massive 38.88% of the total HYPE supply is still reserved for future community rewards and emissions.
• The first airdrop was distributed to over 94,000 eligible user wallets.
• The initial points program, which ran for 6 months, distributed 1,000,000 points every week.
• The platform has processed a mind-boggling $1 trillion in total trading volume since its inception.
• At its peak, Hyperliquid handled over $22 billion in trading volume in a single 24-hour period.
• The platform’s all-time high for open interest rocketed past $10.1 billion.
• Hyperliquid’s custom Layer 1 blockchain is built to handle up to 200,000 orders per second.
• The protocol’s anti-Sybil measures successfully identified and reduced rewards for over 27,000 addresses engaging in inorganic activity.
• The HYPE token price shot up from an initial value of around $3 to over $32 following the airdrop.
• The HyperEVM, a key component for expanding the ecosystem, officially went live on February 18, 2025.
• The total number of users on the platform has expanded to more than 670,000.
• Users who provide liquidity to the main Hyperliquidity Provider (HLP) vault have their deposits locked for a 4-day period.
• The airdrop was valued at over $7.5 billion at one point, cementing its place as one of the largest in crypto history.
• Users who generate a referral link can earn 10% of the trading fees from their invited friends.

7 Trading Tips for Hyperliquid Airdrop Points

The first Hyperliquid points program launched on November 1, 2023, and ran for several months, rewarding users for their activity on the platform. This campaign ended on May 1, 2024, when millions of tokens were distributed to early participants.

With a significant portion of the HYPE supply still reserved for the community, being strategic with your platform activity could pay off big time down the road.

1. Go Beyond Simple Longs and Shorts

Consistently trading perpetual futures is the most straightforward way to show you’re an active user. While racking up volume on major pairs like BTC and ETH is a solid start, don’t forget to check out the other assets. Hyperliquid often lists trending and newer tokens that can offer unique trading opportunities. High volume is great, but diverse activity across multiple markets shows a deeper engagement with the platform.

Remember that trading with borrowed funds comes with its own set of risks. Hyperliquid has offered high leverage in the past, so it’s smart to have a clear risk management plan. Utilize the platform’s order types, such as Take Profit (TP) and Stop Loss (SL), to safeguard your capital and automatically lock in gains. This shows you’re a thoughtful trader, which is the kind of user protocol that wants to keep around.

2. Trade and Hold “Strict List” Tokens

Perpetuals aren’t the only game in town. Since Hyperliquid introduced its native spot market, activity here has become just as important. The platform’s fee structure gives double weight to spot trading volume when figuring out your fee tier, signaling that this is highly valued behavior. This means that for the same amount of capital, you can make a bigger impression by trading spot.

Beyond just trading, what you hold matters. The ecosystem has a strict list of core tokens, including HYPE, PURR, and HFUN. New projects launching on the Hyperliquid L1 often reward holders of these key assets with their own airdrops. Holding a small bag of these tokens can serve as a passive way to participate in future distributions without having to chase every new launch.

3. Put Your USDC to Work in the HLP Vault

If you’re not an active trader or want a more hands-off way to participate, the Hyperliquidity Provider (HLP) vault is your answer. By depositing USDC into this vault, you are essentially lending your capital to the exchange, which uses it to help backstop liquidations. In return for taking on this risk, you earn a share of the platform’s trading fees.

This isn’t a risk-free play, as the vault’s value can fluctuate with market volatility. However, it’s a powerful way to show long-term support for the platform’s financial health. Keep in mind that deposits come with a 4-day lock-up period, so it’s not for capital you might need at a moment’s notice.

4. Stake HYPE for More Than Just Yield

Staking HYPE tokens is one of the most effective ways to deepen your involvement in the ecosystem. The rewards go far beyond the base annual percentage rate. First, staking HYPE unlocks significant trading fee discounts, which can save you a lot of money if you’re an active trader. The more you stake, the bigger the discount.

Many protocols look at HYPE stakers as the most committed and engaged members of the community. Some validators even offer their own additional rewards, so it pays to do a little research before deciding where to delegate your stake. This turns your HYPE from a simple asset into a key that unlocks multiple layers of potential rewards.

5. Be an Early Explorer of the HyperEVM

The launch of the HyperEVM on February 18, 2025, opened a whole new playground for airdrop hunters. With 38.88% of the total HYPE supply still reserved for the community, a significant portion will likely be allocated to active users on this new frontier. You don’t need to be a developer to get involved; all it takes is a good crypto wallet.

Simple on-chain actions can make a big difference. Try lending or borrowing on money markets like HyperLend, performing swaps on decentralized exchanges like HyperSwap, or using liquid staking protocols. These actions create a history of genuine on-chain activity, proving you’re more than just a perps trader. Early interaction with new dApps on HyperEVM could also make you eligible for their own future token distributions, letting you farm multiple airdrops at once.

6. Farm Points Without Price Exposure

For those who want to generate volume without betting on which way the market will go, a delta-neutral strategy is a smart approach. This involves balancing a long position in a spot asset, such as HYPE or PURR, with an equivalent short position in the corresponding perpetual futures contract. The goal is to keep your net exposure to the asset’s price at or near zero.

This method allows you to generate significant trading volume on both the spot and perpetuals markets, which is a key metric for airdrop eligibility. Additionally, depending on the market conditions, you can often collect funding rate payments from your short position, creating a small but steady stream of income. It’s a lower-risk way to climb the leaderboards and rack up points while protecting your capital from major price swings.

7. Grow the Network and Get Rewarded

Hyperliquid rewards users who help expand its community through its referral program. Once you have a code, you can share it with others. For every person who signs up and trades using your link, you’ll earn 10% of the trading fees they generate, paid out in USDC.

This system directly rewards you for bringing active traders to the platform, a behavior that is highly valued. The platform has even introduced a staking referral program, which gives referrers who also stake HYPE an even larger share of the revenue. This creates a powerful incentive to not only trade but also to become an advocate for the ecosystem.

When Was the First Hyperliquid Airdrop Date?

The first Hyperliquid airdrop took place on November 29, 2024. This wasn’t a surprise drop; it was the final stage of a multi-month points program that began on November 1, 2023. Throughout this period, users earned points based on their trading activity, with weekly distributions of 1,000,000 points rewarding consistent participation. These points were the basis for the final HYPE token allocation.

The scale of the airdrop event was massive. A total of 310 million HYPE tokens, representing 31% of the total supply, were distributed to over 94,000 unique wallets. The financial impact was immediate and staggering. The HYPE token, which initially traded around $3, surged to over $32 in the following weeks.

What made the airdrop particularly successful was its community-focused design. Hyperliquid allocated zero tokens to venture capitalists or private investors, a rare move that encouraged intense loyalty and positive market sentiment.

Before the distribution, the team also conducted a rigorous anti-Sybil check, filtering out over 27,000 addresses identified as farm accounts. This ensured that rewards went to genuine users, which helped reduce initial selling pressure and rewarded true supporters of the platform. The event solidified Hyperliquid’s reputation as a project that prioritizes its community above all else.

What Were the Hyperliquid Airdrop Criteria?

The first Hyperliquid airdrop was a system that rewarded users for their consistent contributions to the platform. While the points season is over, a massive 38.88% of the total HYPE supply is still allocated for future community rewards. If there is a second airdrop soon, the eligibility criteria are likely to remain the same.

• Trading Volume: This was the biggest factor. Consistent trading on both perpetual and spot markets was crucial. The platform tracked users’ total volume over time, rewarding those who were genuinely active. Notably, spot market volume carried twice the weight, making it a highly efficient way to accumulate points.
• Liquidity Provision: Users who deposited USDC into the Hyperliquidity Provider (HLP) vault were also rewarded. This showed a commitment to the platform’s health by helping to backstop liquidations. It was a great way for less active traders to show their support and earn points.
• Referrals: Growing the user base was another key activity. Sharing their referral code earned them a percentage of their referees’ trading fees in USDC and also contributed to their standing for the airdrop.
• Ecosystem Engagement: Beyond the main platform, interacting with the broader ecosystem was a smart move. Staking HYPE tokens and holding “strict list” tokens like PURR often made users eligible for separate airdrops from new projects launching on Hyperliquid’s L1.
• Being a Real User: Hyperliquid was serious about rewarding genuine participants. The platform implemented a strict anti-Sybil process that identified and reduced the rewards for over 27,000 addresses attempting to game the system. This ensured that the rewards went to actual community members, not just farm accounts.

Using the Hyperliquid Airdrop Checker

During the run-up to the first distribution, the Hyperliquid airdrop checker was the community’s go-to tool. It was a feature built directly into the official Hyperliquid website that allowed users to connect their cryptocurrency wallet and view their eligibility status in real-time.

This wasn’t a separate site but an integrated part of the platform’s “Points” page, where you could track your weekly points accumulation and see how your activity stacked up against others on the leaderboard. It provided a clear, on-chain confirmation of whether your trading efforts had paid off.

Using the checker was straightforward, but it required caution. The only safe way to access it was by navigating directly to the official Hyperliquid domain (app.hyperliquid.xyz). Airdrop season always brings out scammers who create convincing-looking phishing sites designed to drain your wallet.

Never click on suspicious links from social media, emails, or search results. Once on the official site, you would connect your wallet, such as Rabby or MetaMask, and the page would automatically display your total points and eligibility status.

For the main event, the process was even simpler. There was no frantic rush to click a “claim” button. If your wallet was eligible and you had accepted the platform’s updated Terms of Service by the deadline, the HYPE tokens were automatically deposited into your Hyperliquid spot account.

The checker served more as a verification tool than a claim portal. However, some users encountered issues, particularly those from restricted jurisdictions, who received an error message blocking their participation. Therefore, always check the terms and conditions.

How to Claim Hyperliquid Airdrop?

The claim period for the first Hyperliquid airdrop has passed. For those who were eligible, the process was refreshingly straightforward.

The great news for eligible users was that there was almost nothing to do. Instead of a frantic “claim now” button that could lead to scam sites, Hyperliquid made it simple. Here’s a look back at the process:

1. Accept the Terms: The single most important step was to accept the platform’s updated Terms of Service on the official Hyperliquid website before the cutoff date. This was the main requirement to signal your participation.
2. Connect Your Wallet: Users needed to connect the same wallet they used for trading and earning points on the platform.
3. Automatic Distribution: Once the Genesis Event went live on November 29, 2024, the HYPE tokens were automatically deposited directly into the spot balance of every eligible Hyperliquid account. There was no need to pay gas fees or sign extra transactions to receive the tokens.
4. Trade or Withdraw: After the tokens appeared in their account, users were free to trade them on Hyperliquid’s spot market or withdraw them to an external wallet to move to some of the best exchanges for airdrops.

If Hyperliquid decides to do another large-scale distribution in the future, it will likely follow a similar method. The focus will likely remain on confirming eligibility through on-platform actions rather than requiring users to navigate to external claim pages.

Will There Be Hyperliquid Airdrop 2?

There have been rumors of a Hyperliquid Airdrop Season 2, but let’s set the record straight: As of July 2025, there has been no official confirmation of a second points-based airdrop season from the Hyperliquid team. While the excitement is understandable, it’s critical to be cautious and not fall for rumors or scams.

The speculation isn’t coming from nowhere. The main reason for all the chatter is Hyperliquid’s own tokenomics. A massive 38.88% of the total HYPE supply is still reserved for future emissions and community rewards. This is a substantial stash of tokens, and it’s logical to assume that the platform will utilize it to continue rewarding its users. This has led many to believe that a second airdrop is not a matter of ‘if,’ but ‘when.’

However, potential rewards are not the same as a confirmed airdrop. Until the Hyperliquid team makes an official announcement, treat any site, social media post, or message claiming to be for Hyperliquid Airdrop Season 2 as a potential scam. Airdrop hunters are prime targets for phishing attacks. Never connect your wallet or sign transactions on unofficial websites promising HYPE tokens. The only reliable sources of information are the official Hyperliquid website, their X/Twitter account, and their Discord server. Always get your updates directly from the source to keep your assets safe.

The Latest Hyperliquid Airdrop – 21-07-2025

Like any hot crypto asset, the price of the HYPE token can be volatile, fluctuating with market sentiment and platform developments. After its explosive launch, where the price surged from around $3 to over $32, it has seen various levels of support and resistance.

Below are the latest approximate prices as of July 2025. However, please note that these prices are subject to change at any time.

The Bottom Line of Hyperliquid Airdrop Price

We’ve covered a lot of ground, from key statistics and trading tips to the details of the first airdrop, including its criteria and the claim process. We also looked at the possibility of a second airdrop and the latest HYPE token price.

Here are a few of the most interesting facts to remember about Hyperliquid:

• Hyperliquid’s Genesis Airdrop was worth over $7.5 billion at its peak, making it one of the largest in history.
• A huge 38.88% of the total HYPE supply is still reserved for future community rewards, keeping the door open for new opportunities.
• Hyperliquid’s anti-Sybil system filtered out over 27,000 addresses to ensure rewards went to genuine users.
• The platform has handled over $1 trillion in total trading volume, proving its capacity to operate at a massive scale.
• Spot trading volume counts double toward a user’s fee tier, a strong incentive to engage beyond perpetuals.

The Hyperliquid saga is a prime example of how dedication and activity can pay off in the crypto world. While this opportunity is unique, the world of airdrop farming is full of exciting chances.

This content was last updated in July 2025.

Hyperliquid Airdrop FAQs

Here are answers to some frequently asked questions about the Hyperliquid airdrop.

What is the Reward of Hyperliquid?

The primary reward was the massive HYPE token airdrop, where 31% of the total supply was distributed to early users. Beyond that, users earn USDC from a 10% referral fee share and receive staking rewards. With another 38.88% of the supply earmarked for future community rewards, more perks are likely on the way.

How Does Hyperliquid Staking Work?

You can stake HYPE tokens with network validators to help secure the blockchain and earn rewards from protocol fees and emissions. Staking also grants significant trading fee discounts, up to 30% for top tiers. Be aware there is a 7-day unstaking period before you can move your tokens back to your spot balance.

Is Hyperliquid Safe?

As a self-custodial platform, you always control your funds, which is a big plus over centralized exchanges. The protocol has been audited by firms like Zellic and has a public bug bounty program. While it has successfully handled over $1 trillion in volume, it has transparently managed isolated issues like market manipulation and a brief, temporary bridge lock.