CLAIM
YOUR
HYPE.
Season 2 rewards 1.2M+ traders across perps, spot & HLP — every trade you made on Hyperliquid is your proof of work. Connect. Check. Claim.
WHO QUALIFIES
FOR HYPE?
Season 2 distributes HYPE based on your real usage — volume traded, fees generated, liquidity provided. No wallets. Just on-chain proof.
HOW TO CLAIM
HYPE SEASON 2
HYPE SEASON 2
ALLOCATION TABLE
HYPE AIRDROP
SEASON 2 — FAQ
Hyperliquid HYPE Season 2 is a token distribution event that rewards real users of the Hyperliquid perpetual DEX. Unlike many airdrops, HYPE distribution is based entirely on genuine on-chain activity — trading volume, fees paid, HLP deposits and platform loyalty. 238.8M HYPE tokens (23.88% of total supply) are allocated to Season 2 participants.
Eligible participants include perpetual futures traders with $1,000+ cumulative volume, HLP vault depositors (3× multiplier), spot market traders, top 5% fee payers (2× multiplier), referral participants with 5+ active referrals, and Season 1 HYPE stakers who maintained positions through the Season 2 snapshot.
Season 2 introduces spot market eligibility, expanded HLP multipliers and a new staker loyalty bonus for Season 1 holders. The fee-weighted scoring model replaces the pure volume model from Season 1, ensuring higher-quality traders receive proportionally more HYPE regardless of raw volume size.
Base HYPE allocations (Perp Traders, Spot Traders, Stakers, Referrals) are fully liquid the moment you claim with zero lockup. HLP 3× and Power Trader 2× multiplier bonuses vest linearly over 6 months from claim date. You can trade, stake or provide liquidity with your liquid HYPE immediately.
HYPE is the native token of Hyperliquid L1. You can stake HYPE to earn a share of protocol fee revenue, use it as collateral for perpetual trading on Hyperliquid, participate in on-chain governance for protocol upgrades, or trade it on Hyperliquid's own spot market or external venues.
YOUR TRADE.
YOUR HYPE.
Every trade you made on Hyperliquid
earned you this. Don't let it expire.