Hyperliquid Airdrop 2026: Points & Payouts
Hyperliquid distributes HYPE points weekly based on trading volume. Points convert to HYPE tokens during distribution events.
How to earn Hyperliquid points
Documented earning mechanics as of 2026-03-01. Multipliers stack where the program allows it.
| Method | Points / $ | Multiplier | Details |
|---|---|---|---|
| Trading Volume | 1 | 1x | Earn points proportional to your total trading volume on Hyperliquid perps. |
| Maker Orders | 1 | 2x | Limit orders that add liquidity to the book earn 2x points. |
| HLP Deposits | 0.5 | 1.5x | Deposit into the Hyperliquidity Provider vault to earn points plus real yield. |
What Hyperliquid has actually paid out
| Season | Date | Distributed | Price at drop | Eligibility |
|---|---|---|---|---|
| Season 1 | 2024-11-29 | 310M HYPE | $28 | Points accumulated from platform launch through Nov 2024. Volume-weighted with loyalty bonuses. |
Status note (2026-03-01): Season 1 airdrop completed Nov 2024 (~$8.7B total value). Season 2 ongoing with future distributions likely. Points may never convert to tokens, and conversion ratios are set by the team at distribution time. Never trade solely to farm an airdrop.
FAQ
Is the Hyperliquid airdrop confirmed?+
Hyperliquid has already distributed at least one airdrop (Season 1, 310M HYPE). The current program is live, but future distributions and conversion rates are never guaranteed.
How do I earn Hyperliquid points?+
Trading Volume, Maker Orders, HLP Deposits — details in the table above. Points accrue to the account you trade with, and signing up through a referral link does not reduce your points.
What did earlier Hyperliquid seasons pay?+
Season 1 (2024-11-29): 310M HYPE at ~$28 per token.
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Risk Warning: Trading perpetual futures involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Only trade with funds you can afford to lose.