As Hyperliquid transitions from a pure H1 trading platform into a full-stack DeFi ecosystem with HyperEVM, opportunities to farm points — and position for future airdrops — are more diverse than ever. This guide breaks it down into two key parts: what worked in the last season, and what’s working now. Keep in mind that Hyperliquid dedicated 38% of its total $HYPE token supply to future incentives..
🚀 Season 1: Just Trade on H1
In Season 1, which ran from November 2023 to May 2024, farming Hyperliquid points was straightforward: trade perpetuals on the H1 order book. Points were awarded based on your trading volume, with 1,000,000 points distributed weekly. The more you traded, the more points you earned — making it a whale-heavy system.
This approach rewarded activity but left out users who preferred lower-cap strategies or DeFi experimentation. That’s where HyperEVM changes everything.
🧠 Season 2: Engage with HyperEVM
Season 2 introduces HyperEVM — Hyperliquid’s EVM-compatible layer — and with it, a rich world of decentralized applications (dApps). Many of these platforms reward users either directly through Hyperliquid points or through integrations that will likely count toward the next $HYPE airdrop. This doesn’t mean that just trading on L1 will not qualify you for the airdrop, however, it is expected that HyperEVM activity will also be rewarded.
Below is a curated list of all active dApps on HyperEVM, grouped by category and with point-related details when available:
🎨 NFTs & Digital Identity
- Hypio: Points for each Hypio Baby NFT held (time-weighted), access to airdrops and testnet validator perks.
- Drip Trade: NFT launchpad and marketplace. Supports flipping and features a rewards tab (including $JPEG).
- Net Protocol: Secondary NFT market for post-mint projects. Supports price discovery.
- HL Names: Auction-based identity service (.hl domains). Not currently awarding points.
⚖️ DEXs & Spot Markets
- KittenSwap: Highest TVL across HL dApps. MechaCats NFT grants multiplier benefits. Massive growth.
- HyperSwap: Minimal slippage DEX. Just trade organically to farm.
- Valantis Labs: Built for $stHYPE AMMs. Beta phase.
- HyperUnit: Spot BTC market. No current point rewards, but good for DCA.
🏦 Lending, Stablecoins & Looping
- Hypurr Fi: Lend $HYPE or $stHYPE to borrow $USDXL or loop stake. Live points farming.
- Hyperlend: Aave fork for HL. Offers boosted points for Hypio/testnet users.
- Keiko Finance: Mint $KEI using multiple collaterals ($HYPE, $LHYPE, etc). Weekly point rewards.
- Sentiment: Lending with perp collateral. Points expected.
- Felix Protocol: feUSD yield farming. Currently in private beta.
- TimeSwap: Lend $LHYPE, $Buddy. Time-based $TIME rewards.
- Looped Hype: Daily rebasing APY (~10%). Early adopter benefits if minted and held LHYPE.
💰 Yield Optimization
- Harmonix: Delta neutral vaults. Good for volatile markets and early users.
- Hyperdrive: Strategy optimizer across four markets (HLP, LST, Purr, Primary).
- Hyperbeat: Strategic validator + automated HL ecosystem farming.
- Perpflow: Delta-neutral automation. High risk, passed alpha.
- D2 Finance: Derivative vaults with 20%+ APR on $HYPE. Rewards $EDA tokens.
- Mizu Labs: Aggregated vaults with partner rewards from 12+ protocols.
🤖 AI, Agents & Bots
- Neko: First DeFAI swarm on HL. Private beta.
- Slate: AI agent to parse data feeds and execute trades.
- Gigabrain GG: 93% win rate alpha terminal. Premium access via $BRAIN.
- Hyperlauncher AI: Trading automation and Telegram bot.
- HyperFly: Automates mobile trading strategies. Beta phase.
🌉 Bridges & Mobile Access
- HyBridge: Bridge to/from 33 chains, including fiat onboarding.
- Dexari: iOS-only Hyperliquid mobile interface.
- Lootbase: Mobile app in private beta. Airdrop planned for Hypio holders.
📊 Trading Terminals & Funds
- HyperDash: On-chain fund-of-funds across winning traders.
- Insilico Terminal: Professional TWAP and HFT support.
- Tread Fi: Algo platform, referral-only. Professional-grade.
🧬 Bonus: Copy Trade with Dextrabot
If you’re not manually trading but still want to farm points and optimize performance, Dextrabot offers:
- Auto-copying of top Hyperliquid wallets
- Filters for PnL, win rate, active tokens, and more
- A smoother path to organic trading volume
Dextrabot can help casual traders tap into pro-level performance — while also contributing to point activity for the next $HYPE drop.
✅ TL;DR
| Season | How to Earn Points |
| Season 1 | Trade perps on H1 |
| Season 2 | Use HyperEVM dApps + copy trade with Dextrabot |
Whether you’re farming vaults, flipping NFTs, looping stablecoins, or letting Dextrabot do the work — Hyperliquid’s Season 2 is full of ways to participate.
Get in early, stay active, and position yourself for the next big airdrop.