Markets.xyz rewards & airdrop history

ActivePerp DEXPhase: kPoints Season 2Token: $KNTQMed — trading or HYPE stakingData reviewed 2026-07-06

Independent research, not a token-access portal

PerpFinder is not Markets.xyz 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
Perps Trading	Trading perps on Markets earns weekly kPoints from the 800,000-point Season 2 pool (Tuesday snapshots, Thursday payouts); the exact formula is private.
Kinetiq Staking	Staking HYPE via Kinetiq (kHYPE/vkHYPE) also earns kPoints, and 10% of protocol revenue routes to kmHYPE stakers.

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 Markets.xyz has actually paid out

Season	Date	Distributed	Price at drop	Eligibility
kPoints Season 1	2025-11-27	250M KNTQ	$0.15	The genesis distribution was 25% of the 1B supply: 24% to kPoints holders and 1% to Hypurr holders. Users had to accept the Kinetiq Foundation terms by 2025-11-21 at 20:00 UTC.

Sources for each distribution

kPoints Season 1 · sources checked 2026-09-23
- Kinetiq documentation: KNTQ (opens in a new tab)
- Kinetiq Foundation on X: KNTQ supply and distribution chart (opens in a new tab)
- Kinetiq Foundation on X: terms deadline (opens in a new tab)
- Price at drop (market data, not an official source): CoinMarketCap daily close, 2025-11-27 (UTC) (opens in a new tab)

Markets.xyz, Kinetiq's TradFi-focused HIP-3 venue on Hyperliquid, feeds trading into the kPoints program that already paid one KNTQ genesis airdrop.

Full Markets.xyz review

Status note (2026-07-06): Season 2 has emitted 800,000 kPoints weekly since 2025-11-13 and ends with a hard deadline: final snapshot 2026-09-29, distribution 2026-10-01. KNTQ went live 2025-11-27; Season 2 conversion terms are set at distribution, so treat allocation math as estimates until then. 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 Markets.xyz airdrop confirmed?

No new airdrop is confirmed by past distributions alone.

Markets.xyz previously distributed 250M KNTQ in kPoints Season 1. The separately tracked rewards-program status is active. PerpFinder does not determine or verify eligibility.

What activity does the documented Markets.xyz rewards program cover?

The Documented Markets.xyz program mechanics table lists Perps Trading, Kinetiq Staking.

This is research, not an eligibility check or a promise of future tokens.

What did earlier Markets.xyz seasons pay?

kPoints Season 1 (2025-11-27): 250M KNTQ at ~$0.15 per token.