Quick Takes
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Explosive Growth: Hyperliquid processes over 10,000 trades daily and has grown its user base to over 90,000 active users.
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Massive Volume: The platform boasts daily trading volumes of $470M and cumulative trading volumes approaching $1T.
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Lucrative Airdrop: The November 29, 2024 airdrop delivered HYPE tokens to 31% of the total supply with 38.88% reserved for future rewards, and a new airdrop date for 2025 is on the horizon.
What Is Hyperliquid?
Source: https://hyperfoundation.org/
Hyperliquid is a purpose built Layer 1 blockchain designed for decentralized finance applications. At its core lies the Hyperliquid DEX which supports both perpetual futures trading and spot trading. In just six months the platform processed over 50,000 trades in one day and saw user adoption grow by 150%. The ecosystem relies on the HYPE token which was initially distributed via a points based system that rewarded more than 90,000 users. This rapid growth with over 10,000 active daily trades sets the stage for a robust ecosystem with significant figures driving its success.
Launched in 2023, Hyperliquid operates on its proprietary Layer 1 blockchain, known as Hyperliquid L1. This blockchain is built for high-speed financial applications, making it an ideal platform for trading crypto derivatives with high throughput and low latency.
Source: https://stats.hyperliquid.xyz/
Hyperliquid sets itself apart with a community-first approach, having avoided venture capital (VC) funding. This strategy was highlighted in its Token Generation Event (TGE) and one of the largest community-driven airdrops in DeFi history.
By October 2024, Hyperliquid had already achieved impressive milestones:
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Daily Trading Volume: Surpassed $1.6 billion
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Total Trading Volume: Over $428 billion
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Active Users: More than 190,000 traders
These numbers place Hyperliquid (HYPE) among the top decentralized perpetual exchanges, competing with platforms like dYdX and GMX.
Read more: A Beginner's Guide to Hyperliquid (HYPE) Decentralized Perpetual Exchange
Hyperliquid Airdrop Details
Hyperliquid completed its Genesis Event on November 29, 2024, distributing HYPE tokens to eligible points holders who represented 31% of the total supply. Furthermore, 38.888% of the HYPE supply is reserved for future emissions and community rewards. A stash of 428M unclaimed HYPE tokens sits in the community rewards wallet. Previous secret trading reward seasons have delivered up to 5 airdrops per validator. In addition the platform has distributed rewards totaling over $12.8M and continues to expand its allocation by 20% each quarter. These figures highlight the enormous potential for future rewards. Stay tuned for the announcement of the next HYPE airdrop date in 2025.
HYPE Tokenomics
Hyperliquid’s tokenomics emphasize community-driven growth, avoiding allocations to venture capitalists or centralized exchanges. The HYPE token is the native utility token of the Hyperliquid ecosystem. It plays a central role in trading, staking, governance, and network security.
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Total Supply: 1 billion HYPE tokens
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Genesis Distribution (Airdrop): 31%
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Future Emissions & Rewards: 38.888%
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Core Contributors: 23.8%
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Hyper Foundation Budget: 6%
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Community Grants: 0.3%
This distribution model ensures that the community benefits from the platform’s growth and success.
HYPE Token Utility
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Trading Fees: Use HYPE to pay for transaction fees on the Hyperliquid platform.
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Staking: Stake HYPE tokens to secure the network and earn rewards.
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Governance: Participate in decision-making and shape the platform’s future.
Vesting Schedule
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Community Allocation: Over 30% of the total supply was distributed at launch via the airdrop.
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Team Tokens: Locked for 1 year, followed by a gradual monthly unlock over 2 years (fully released by 2027–2028).
This approach promotes liquidity and ensures long-term sustainability.
Guide to Claim the 2025 Hyperliquid ($HYPE) Airdrop
The 2025 Hyperliquid Airdrop is not active at this moment so there is no clear method to claim it yet. Stay tuned with KuCoin and check the Airdrop Calendar for the latest news. You can always maximize your potential rewards by generating and sharing your referral code on the Hyperliquid website. To do so go to "Referrals" then click "Create code" and share it with other traders to earn USDC rewards. Maintain regular trading activity on Hyperliquid by trading both spot and perpetual markets and generate consistent volume over time while diversifying across different trading pairs to boost your technical advantages and unlock rewards.
Maximizing Your Chance of Rewards
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Successful referrals have earned users USDC rewards reaching totals of $10,000 per month.
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Maintain active trading on both spot and perpetual markets and diversify across at least 10 different trading pairs.
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Consistent activity can boost your overall rewards by an extra 15%.
Hyperliquid Staking Launch
Hyperliquid launched native HYPE token staking on December 30, 2024. Validators propose blocks in proportion to staked HYPE and locked tokens yield rewards that remain locked for periods of up to 90 days. Users select validators based on critical metrics such as uptime, commission, and reputation. So far, stakers have earned rewards totaling over $1,000,000. In addition, ecosystem airdrops and project allocations can add over $100,000 per validator to your earnings. The upcoming Hyper Foundation Delegation Program will further decentralize the network and offer multiple revenue streams. This smooth progression from staking setup to reward optimization underscores Hyperliquid’s commitment to its community.
How to Buy Hyperliquid (HYPE) on KuCoin
If you are ready to take advantage of Hyperliquid’s explosive growth and secure your position in this rapidly expanding ecosystem, consider buying HYPE on KuCoin. Follow these steps to quickly and safely purchase Hyperliquid (HYPE) on KuCoin:
Step 1: Create Your Free KuCoin Account
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Sign up on KuCoin using your email address or mobile phone number and select your country of residence.
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Create a strong password to secure your account.
Step 2: Secure Your Account
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Enhance your account protection by setting up Google 2FA (two-factor authentication).
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Configure an anti-phishing code and a separate trading password for additional security.
Step 3: Verify Your Account
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Complete the identity verification process by entering your personal information.
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Upload a valid Photo ID as required by KuCoin.
Step 4: Add a Payment Method
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After your account is verified, add a payment method such as a credit/debit card or link your bank account.
Step 5: Buy Hyperliquid (HYPE)
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Use the available payment options on KuCoin to purchase Hyperliquid (HYPE).
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Follow the on-screen instructions to complete your purchase and start trading HYPE instantly.
If you're interested in buying Hyperliquid (HYPE) or exploring other cryptocurrencies, KuCoin offers a secure and user-friendly platform to help you get started quickly.
Frequently Asked Questions
What happened in the Genesis Event?
On November 29, 2024 the event distributed HYPE tokens to qualified points holders with no manual claim required. This seamless process ensured that over 90,000 users received their rewards.
Are there opportunities for new users?
Yes, with 38.88% of the HYPE supply reserved for future emissions and community rewards new users can still participate. A HyperEVM season may also launch later in 2025 to further incentivize platform usage.
How can I increase my chances of future rewards?
Stay active in trading, provide liquidity through HLP, and use the referral program to contribute to the ecosystem. This active engagement can significantly boost your rewards.
What are the key features of Hyperliquid?
The platform offers perpetual futures trading, spot trading, and liquidity provision on a dedicated Layer 1 blockchain optimized for low slippage and fast execution. These features make Hyperliquid a standout in the crowded DeFi space.
Hyperliquid Market Impact and Future Outlook
Source: KuCoin
Hyperliquid has now surpassed Ethereum in weekly revenues. The platform generated $12.8M in weekly protocol revenue while Ethereum recorded $11.5M. It holds a 70% market share in perpetual futures trading. Daily transaction volume reached $470M as of February 10, 2025, and cumulative trading volume nears $1T. Since its November 29, 2024 airdrop, the HYPE token has soared over 500%. Total Value Locked (TVL) stands at $1.27B even as trading volumes continue to rise. Currently HYPE trades at $25 and may rally to $35 with strong buying pressure. Analysts predict that if current momentum persists HYPE could break key resistance levels at $28.42 and $35.46. Furthermore the next major milestone is the launch of an Ethereum Virtual Machine smart contract platform expected later in 2025. This upgrade will diversify revenue streams and expand an ecosystem that processes over $4.2B in daily trading volume.
Conclusion
Hyperliquid has shown explosive growth in derivatives trading and now stands as a major player in decentralized finance. The platform has surpassed Ethereum in weekly revenue and set new standards for decentralized trading. It rewards active participation with generous airdrops and staking rewards while offering fast execution and low slippage on its dedicated Layer 1 blockchain. With over 10,000 daily trades and more than 90,000 active users, Hyperliquid’s ecosystem continues to expand with over 10 DeFi applications and cumulative trading volumes nearing $1T. If you are looking for a robust opportunity to invest in a high growth token, buying HYPE on KuCoin is a smart move. Stay informed through official channels to maximize future rewards and ecosystem developments as Hyperliquid paves the way for a new era in crypto trading.