Markets.xyzRewards & Airdrop History
Markets.xyz, Kinetiq's TradFi-focused HIP-3 venue on Hyperliquid, feeds trading into the kPoints program that already paid one KNTQ genesis airdrop.
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.
Documented Markets.xyz program mechanics
Research snapshot reviewed 2026-07-06. This table describes published mechanics; it does not check eligibility or promise a distribution.
| Method | Points / $ | Multiplier | Details |
|---|---|---|---|
| Perps Trading | — | 1x | 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 | — | 1x | Staking HYPE via Kinetiq (kHYPE/vkHYPE) also earns kPoints, and 10% of protocol revenue routes to kmHYPE stakers. |
What Markets.xyz has actually paid out
| Season | Date | Distributed | Price at drop | Eligibility |
|---|---|---|---|---|
| kPoints Season 1 | 2025-11-27 | 250M KNTQ | $0.15 | Genesis distribution of 25% of the 1B supply: 24% to kPoints Season 1 holders (2025-07-15 to 2025-11-12, ~12M points after sybil filtering) and 1% to Hypurr NFT holders. Signing foundation terms by 2025-11-21 was required. |
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.
Other active programs
Independent Site: PerpFinder is not Markets.xyz and is not affiliated with, endorsed by, or operated by the venues it covers. We do not connect wallets, process deposits, distribute tokens, or verify reward eligibility. Never share a password, seed phrase, or private key with anyone.
Affiliate Disclosure: This page contains affiliate links. We may earn a commission when you sign up through our links, at no extra cost to you. This does not influence our ratings or recommendations.
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.