Hyperliquid rewards & airdrop history

CompletedPerp DEXPhase: Ended at TGEToken: $HYPEData reviewed 2026-07-05

Independent research, not a token-access portal

PerpFinder is not Hyperliquid and is not affiliated with or endorsed by it. We do not connect wallets, check eligibility, process token distributions, accept deposits, or distribute tokens. Never enter a password, seed phrase, or private key on PerpFinder. Historical distributions do not prove that a future airdrop will occur.

Method	Details
HYPE Staking	Staking HYPE earns emissions from the future-rewards reserve (roughly 2.4% APR at 400M staked). No points attach to staking.
HLP Deposits	HLP vault deposits earn trading-revenue yield. Points stopped accruing at the November 2024 token launch.
Referrals	Referred users get a 4% fee discount. Referrals no longer earn points.

This table describes published mechanics. It does not check eligibility and does not promise a distribution.No method publishes a points-per-dollar rate · Every method carries the same 1x multiplier

What Hyperliquid has actually paid out

Season	Date	Distributed	Price at drop	Eligibility
Genesis (Points S1 + S2)	2024-11-29	310M HYPE	$6.08	Hyperliquid points holders received 31% of the 1B maximum supply at genesis, 07:30 UTC. The tokens were fully unlocked. The points program began on 2023-11-01.

Sources for each distribution

Genesis (Points S1 + S2) · sources checked 2026-09-23
- Hyper Foundation: HYPE Genesis (opens in a new tab)
- Hyper Foundation on X: genesis announcement (opens in a new tab)
- Hyperliquid documentation: Points (opens in a new tab)
- Price at drop (market data, not an official source): CoinMarketCap daily close, 2024-11-29 (UTC) (opens in a new tab)

Hyperliquid ran a closed points program on its perp DEX from November 2023 until the HYPE genesis distribution. Rewards now flow through HYPE staking and HLP vault yield rather than points.

Full Hyperliquid review

Status note (2026-07-05): The points program ended with the November 2024 genesis drop. No second points season exists as of July 2026, and the ~38.9% future-emissions reserve remains largely undistributed apart from staking emissions. Treat any "Season 2 snapshot" statement as rumor. Points may never convert to tokens. The team sets any conversion ratio at distribution time. Never trade solely to farm an airdrop.

FAQ

Is a new Hyperliquid airdrop confirmed?

No new airdrop is confirmed by past distributions alone.

Hyperliquid previously distributed 310M HYPE in Genesis (Points S1 + S2). The separately tracked rewards-program status is completed. PerpFinder does not determine or verify eligibility.

Is the documented Hyperliquid program still active?

No — the points era has ended.

Nothing earns airdrop points on Hyperliquid today. The Documented Hyperliquid program mechanics table describes how the concluded program worked.

What did earlier Hyperliquid seasons pay?

Genesis (Points S1 + S2) (2024-11-29): 310M HYPE at ~$6.08 per token.