Hyperliquid Airdrop: How to Claim Free Crypto Tokens
Learn how to participate in the hyperliquid airdrop and claim free tokens. Get step-by-step instructions, eligibility requirements, and tips to maximize your rewards
The decentralized finance (DeFi) sector is abuzz with the Hyperliquid airdrop, which on November 29th, dispersed over 300 million HYPE tokens to its community. This event, valued at roughly $1.2 billion, stands as one of the crypto space’s largest airdrops.
Hyperliquid, a cutting-edge layer-1 blockchain, boasts the capability to process up to 200,000 transactions per second. It allocated 31% of its total HYPE token supply to early adopters and supporters. The token’s price skyrocketed by 123% in just 48 hours, reaching $9.74 and nearing a $3 billion market capitalization.
This airdrop is notable alongside other significant token distributions in DeFi. For instance, Uniswap’s September 2020 airdrop gave 400 UNI tokens to over 250,000 addresses. Arbitrum’s 2023 airdrop distributed ARB tokens to more than 625,000 eligible wallets. CoinGecko reports that the total value of crypto tokens distributed through airdrops has exceeded $26.6 billion, often evaluated at their all-time highs.
The DeFi sector’s growth continues, with Ethereum hosting nearly 60% of all DeFi activity, despite not yet reaching its three-year high of $4,878. The Hyperliquid airdrop has garnered global attention from crypto enthusiasts. With over $210 million in funds moving to Hyperliquid in a single day, the platform is set to make a significant impact in the decentralized finance landscape.
What is the Hyperliquid Airdrop?
Hyperliquid, a cutting-edge layer-1 blockchain, is dedicated to a fully onchain open financial system. It recently conducted a massive airdrop of its native HYPE token. This airdrop allocated an impressive 31% of the total 1 billion HYPE tokens to the community. This is significantly higher than the typical 5% to 15% seen in other projects.
The HYPE token acts as the gas token for Hyperliquid’s EVM-compatible layer, HyperEVM. It is used for staking to ensure network consensus. The airdrop distributed nearly $1.8 billion in fully unvested tokens on Day 1. This surpasses distributions by other platforms like Starknet, Arbitrum, or dYdX.
Overview of Hyperliquid
Hyperliquid operates on a Layer-1 blockchain capable of handling up to 200,000 transactions per second. It employs proof-of-stake consensus. The platform is optimized for user-built applications interfacing with native components. The flagship native application is the Hyperliquid DEX, a fully onchain order book perpetuals exchange.
The HYPE token experienced a 100.38% increase on its first day, reaching $6.41. This resulted in a market cap of $2.14 billion, with $664.94 million traded in 24 hours. The initial market cap of the HYPE token after the airdrop launch was $1.7 billion. Its fully diluted valuation was $4.8 billion.
Purpose of the Airdrop
The Hyperliquid airdrop aimed to distribute a significant portion of the HYPE token supply to the community. This was to foster widespread adoption and participation in the platform’s DeFi incentives and liquidity mining programs. By allocating 31% of the total supply during the genesis event, Hyperliquid demonstrated its commitment to decentralization and community empowerment.
The remaining HYPE tokens are allocated for future emissions, community rewards, and core contributors. An additional 23.8% is reserved for future community rewards. This allocation strategy ensures ongoing incentives for users to engage with the platform and contribute to its growth and development.
How to Qualify for the Hyperliquid Airdrop
To engage in the Hyperliquid airdrop, one of the most extensive crypto airdrops, participants must fulfill certain prerequisites and actions. The airdrop allocated nearly $1.8 billion in unvested HYPE tokens, eclipsing previous efforts by Starknet, Arbitrum, and dYdX.
Eligibility Criteria
Eligibility for the airdrop hinged on having a minimum trading volume on the Hyperliquid DEX. Engaging in regular trades of spot assets and perpetuals was crucial. Another avenue was yield farming by depositing USDC into the HLP, enhancing liquidity on Hyperliquid.
Required Actions to Participate
Meeting the trading volume and yield farming benchmarks was just the beginning. Users could further boost their eligibility by generating a referral code and inviting others to earn USDC rewards. Those who signed the Genesis Event T&C’s before the cutoff date received HYPE tokens on November 29th.
Hyperliquid distinguished itself by eschewing token sales to private investors or centralized exchanges, embodying a community-centric ethos. The platform leverages a high-speed Layer-1 blockchain with proof-of-stake, facilitating up to 200,000 transactions per second. HYPE is utilized for staking and gas fees.
Claim Crypto Airdrop in 3 Simple Steps!
🌐 Step 1: Visit the Official Airdrop Page.
Dive into the action by heading to the official airdrop page, where all live events are waiting for you. Don’t miss out!
📱 Step 2: Use Your Mobile Wallet
Eligibility checks are mobile-exclusive! Grab your smartphone and ensure you’re using a mobile wallet to participate.
💰 Step 3: Meet the Eligibility Criteria
Make sure your wallet isn’t empty or brand new — only active wallets qualify. If one doesn’t work, don’t worry! Try again with another wallet to secure your rewards.
Creating a Wallet
The initial step towards claiming Hyperliquid tokens involves wallet creation. It is imperative that your wallet is compatible with the Hyperliquid network and can securely store HYPE tokens. MetaMask, Trust Wallet, and Ledger are among the popular choices. It is crucial to research and choose a wallet that aligns with your needs and offers superior security.
Connecting to the Hyperliquid Platform
After setting up your wallet, connecting it to the Hyperliquid platform is the next step. Visit the Hyperliquid official website and locate the “Connect Wallet” button. Follow the instructions to securely link your wallet to the platform, ensuring you grant the required permissions for the airdrop process.
Completing Necessary Tasks
To qualify for the Hyperliquid airdrop and receive your HYPE tokens, specific tasks must be completed. These tasks include:
- Joining the Hyperliquid community on social media platforms like Twitter or Telegram
- Providing your email address for important updates and announcements
- Completing a simple KYC (Know Your Customer) verification process
- Participating in community events or competitions
Stay updated on the specific requirements for the Hyperliquid airdrop by regularly checking their official channels and following their instructions meticulously. By fulfilling these tasks, you will be on the path to receiving your free HYPE tokens and becoming a part of the Hyperliquid ecosystem.
Important Dates and Deadlines
The Hyperliquid airdrop timeline began with the Genesis Event on November 29th. During this event, 310 million HYPE tokens were distributed, valued at $1.2 billion. This was based on an initial token price of $3.90.
The L1 points season has concluded, but the journey is far from over. Approximately 38.888% of the HYPE supply is allocated for future emissions and community rewards. This ensures ongoing opportunities for users to acquire tokens. Core contributors will receive 23.8% of the total supply, subject to a one-year lock-up period and a vesting schedule that extends until 2028. This demonstrates the project’s long-term commitment to its team and vision.
Airdrop Participation and Token Distribution
The Hyperliquid airdrop saw participation from 94,000 addresses. Each address received an average of 2,915 HYPE tokens, equivalent to $28,500 at the peak price of $9.80 on December 1st. The median airdrop was 64.53 tokens. 38.7% of users received between 10 and 100 tokens, and 17.9% received less than 10 tokens. The highest number of tokens claimed by a single address was an astounding 970,000, valued at $9.56 million at the peak price.
Continued Growth and Opportunities
Users who continue to trade and refer friends may be eligible for further HYPE airdrops in the future. This is part of the project’s ongoing community rewards program. With the Hyperliquid EVM launched on the test network and plans for integration with other L1 states, the platform is poised for continued growth and expansion.
Stay tuned for updates on the token vesting schedule and future emissions. Hyperliquid remains committed to rewarding its active community members and contributing to the broader DeFi ecosystem.
Tips for Maximizing Airdrop Benefits
To fully benefit from the Hyperliquid airdrop and other DeFi opportunities, engaging with the community and staying updated is crucial. By actively participating in the Hyperliquid ecosystem, users enhance their eligibility for additional rewards and retroactive airdrops. This engagement is key to maximizing airdrop benefits.
Strategies for Engaging with the Community
Engagement with the Hyperliquid community is vital for maximizing airdrop benefits. Users should follow Hyperliquid on social media, join official discussion channels, and engage in conversations. Contributing valuable insights and assisting others can solidify a user’s status as an active community member. This can increase their eligibility for future airdrops and rewards.
Participating in community events, such as AMAs or webinars, offers valuable information and networking opportunities. These events are integral to staying connected within the DeFi ecosystem.
Keeping Up with Updates and Announcements
Staying informed about Hyperliquid’s latest developments is essential for airdrop farming. Users should regularly check official communication channels, like the Hyperliquid blog, Twitter, and Telegram. These platforms provide updates on new partnerships, product launches, and upcoming airdrop campaigns.
By staying updated, users can quickly act to meet eligibility criteria and seize new opportunities. Monitoring the broader DeFi ecosystem also helps identify promising projects. These projects may offer retroactive airdrops to early adopters and supporters.
FAQ
What is the Hyperliquid airdrop?
The Hyperliquid airdrop is a significant event where the DeFi protocol distributed over 300 million HYPE tokens to its community on November 29th. This distribution, valued at
FAQ
What is the Hyperliquid airdrop?
The Hyperliquid airdrop is a significant event where the DeFi protocol distributed over 300 million HYPE tokens to its community on November 29th. This distribution, valued at $1.2 billion, stands as one of the largest airdrops in history.
How do I qualify for the Hyperliquid airdrop?
To qualify for the Hyperliquid airdrop, users must have trading volume on the Hyperliquid DEX. Regular trading of spot assets and perpetuals, as well as depositing USDC into the HLP, enhances eligibility. Generating referral codes to invite others also plays a role. Points holders who signed the Genesis Event T&C’s before the deadline received HYPE tokens on November 29th.
What is the purpose of the HYPE token?
The HYPE token acts as the gas token for Hyperliquid’s EVM-compatible layer, HyperEVM. It is used for staking to ensure network consensus. This token is crucial for the Hyperliquid ecosystem, enabling users to interact with various DeFi applications and components.
How do I claim my Hyperliquid tokens?
To claim Hyperliquid tokens, users must visit the Hyperliquid platform and connect their wallet. Bridging USDC to Arbitrum and depositing it is required to start trading. No additional claim is needed for HYPE tokens for points holders who signed the Genesis Event T&C’s before the deadline.
What is the allocation of HYPE tokens?
The Hyperliquid airdrop allocated 31% of the total HYPE token supply to the community. The remaining tokens are set aside for future emissions (38.888%), community rewards, and core contributors (23.8%). These tokens are subject to a one-year lock-up period and a vesting schedule until 2028.
Are there any future airdrops planned for Hyperliquid?
While the official L1 points season has concluded, users who continue to trade and refer friends may be eligible for further HYPE airdrops. It is advisable to follow Hyperliquid for updates and potential announcements of further reward campaigns.
How can I maximize my chances of receiving future airdrops?
To maximize airdrop benefits, explore the Hyperliquid ecosystem and interact with projects such as Harmonix, Hyperlend, and HyperSwap. Engage with the community through social media, participate in discussions, and keep an eye out for potential retroactive airdrops and upcoming DeFi projects.
.2 billion, stands as one of the largest airdrops in history.
How do I qualify for the Hyperliquid airdrop?
To qualify for the Hyperliquid airdrop, users must have trading volume on the Hyperliquid DEX. Regular trading of spot assets and perpetuals, as well as depositing USDC into the HLP, enhances eligibility. Generating referral codes to invite others also plays a role. Points holders who signed the Genesis Event T&C’s before the deadline received HYPE tokens on November 29th.
What is the purpose of the HYPE token?
The HYPE token acts as the gas token for Hyperliquid’s EVM-compatible layer, HyperEVM. It is used for staking to ensure network consensus. This token is crucial for the Hyperliquid ecosystem, enabling users to interact with various DeFi applications and components.
How do I claim my Hyperliquid tokens?
To claim Hyperliquid tokens, users must visit the Hyperliquid platform and connect their wallet. Bridging USDC to Arbitrum and depositing it is required to start trading. No additional claim is needed for HYPE tokens for points holders who signed the Genesis Event T&C’s before the deadline.
What is the allocation of HYPE tokens?
The Hyperliquid airdrop allocated 31% of the total HYPE token supply to the community. The remaining tokens are set aside for future emissions (38.888%), community rewards, and core contributors (23.8%). These tokens are subject to a one-year lock-up period and a vesting schedule until 2028.
Are there any future airdrops planned for Hyperliquid?
While the official L1 points season has concluded, users who continue to trade and refer friends may be eligible for further HYPE airdrops. It is advisable to follow Hyperliquid for updates and potential announcements of further reward campaigns.
How can I maximize my chances of receiving future airdrops?
To maximize airdrop benefits, explore the Hyperliquid ecosystem and interact with projects such as Harmonix, Hyperlend, and HyperSwap. Engage with the community through social media, participate in discussions, and keep an eye out for potential retroactive airdrops and upcoming DeFi projects.
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Disclaimer: I am not affiliated with the airdrops or projects featured here. While I aim to share reliable projects, I cannot guarantee their authenticity or be held responsible for any issues or losses. Always exercise caution and never share private keys or sensitive information.
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