Markets.xyz Airdrop 2026: Points, Season & Payouts
Markets.xyz, Kinetiq's TradFi-focused HIP-3 venue on Hyperliquid, feeds trading into the kPoints program that already paid one KNTQ genesis airdrop.
How to earn Markets.xyz points
Documented earning mechanics as of 2026-07-05. Multipliers stack where the program allows it.
| 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 (2026-07-05): Season 2 has emitted 800,000 kPoints weekly since 2025-11-13. KNTQ went live 2025-11-27; whether Season 2 kPoints convert into further KNTQ has not been committed. 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 Markets.xyz airdrop confirmed?
Markets.xyz has already distributed at least one airdrop (kPoints Season 1, 250M KNTQ). The current program is live, but future distributions and conversion rates are never guaranteed.
How do I earn Markets.xyz points?
Perps Trading, Kinetiq Staking — details in the table above. Points accrue to the account you trade with.
What did earlier Markets.xyz seasons pay?
kPoints Season 1 (2025-11-27): 250M KNTQ at ~$0.15 per token.
Other active programs
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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.