Hyperliquid Airdrop 2026: Is There a Season 3?

Is there a Hyperliquid airdrop in 2026? Season 3 status

Not announced, as of October 22, 2026. We re-checked the official docs, the @HyperliquidX and @HyperFND accounts, the app’s Points page and its Announcements list that day (Points page October 22, 2026). Everything else you read about “Hyperliquid Season 3” either says it is unconfirmed or presents speculation as fact.

Question	Status on October 22, 2026	Where we checked
Is a Season 3 (second) airdrop announced?	No	Hyperliquid docs and @HyperliquidX posts through October 11, 2026 (read October 22, 2026); app (read October 22, 2026)
Is a points season running?	No new season published. The docs describe the points program in the past tense: it ran from November 1, 2023 to November 2024	hyperliquid-docs/points
Does the app have a Points page?	Yes (More → Points: Total Points, Rank, League). It links to the same past-tense docs page (details)	app.hyperliquid.xyz/points
Snapshot date, criteria, allocation size	None published	Docs, app
Official claim page	None exists; nothing is claimable	Docs, app
The @HyperFND “Season 3 points” post	Not an announcement. It was posted on May 24, 2025, after @HyperliquidX warned that the account was compromised (“Do not interact with any links or tweets from that account”)	@HyperliquidX, May 24, 2025
Tokens left for future rewards	410.6M HYPE (41% of max supply) in the future-emissions and community-rewards reserve, currently funding staking rewards	API tokenDetails → futureEmissions

Prediction markets price the uncertainty, not a plan: on October 22, 2026, a Polymarket market on whether Hyperliquid will perform a second airdrop by December 31, 2026 traded at 8.5% for “Yes”.

What would count as real confirmation

If a second program starts, it will appear in the official docs (hyperliquid.gitbook.io), in the app at app.hyperliquid.xyz and on the @HyperliquidX account; the first program was announced on the day it began, November 1, 2023. A “Season 3 is live” headline that links to none of those is not confirmation. Neither is a third-party leaderboard, a picture read as a hint, or the May 2025 @HyperFND post, which came from a compromised account.

Hyperliquid Season 1, 2 and 3: dates and what counted

Hyperliquid’s docs never use the word “season”. They describe one points program and an L1 phase of points, both paid out at the November 2024 genesis. Community trackers called them “Season 1” and “Season 1.5” or “Season 2”, which is why the unannounced next round is “Season 2” on some sites and “Season 3” on others. Both names mean the same thing: a possible future distribution that Hyperliquid has not announced.

Phase (official)	Dates	Weekly points	Notes	Community name
Closed alpha	through Oct 31, 2023	retroactive	Credited when the program started	—
Points program	Nov 1, 2023 – May 1, 2024	1,000,000 / week	Affiliates earned 1 point per 4 points of referred users	"Season 1"
L1 phase	May 29 – Nov 2024	700,000 / week	May 1–28 activity received a multiplier	"Season 1.5" or "Season 2"
HYPE genesis	Nov 29, 2024 (token deployed 06:45 UTC)	—	All points converted to HYPE; program closed	the airdrop
Dec 2024 – Oct 2026	—	none published	App shows a Points page; no new period or criteria announced	"Season 2" or "Season 3" (unannounced)

How points decided eligibility

Points were meant to reward "users who contribute to the protocol's success". The criteria were "updated on a recurring basis" and never published as a formula, so no third-party "Hyperliquid airdrop calculator" was ever accurate. Weekly activity was counted up to Wednesday 00:00 UTC, and points were distributed on Thursdays. Referrals were the one activity the docs rewarded explicitly: affiliates earned one point for every four points their referred users earned. Hyperliquid "reserves the right to modify previous point distributions under its sole discretion", and the Genesis Event Terms allowed it to exclude addresses.

In practice, eligibility came down to three things:

1. You used the exchange during the points window.
2. Hyperliquid did not exclude your address at its discretion.
3. You completed the Redemption Submission before the distribution: you connected the wallet and accepted the Genesis Event Terms (last revised October 10, 2024).

Trading after the snapshot, trading HYPE on a centralized exchange, or holding HYPE bought later earned nothing.

Hyperliquid airdrop checker: look up an address

There is no official "checker" page, because there was no claim step after genesis, and there is no checker for a Season 2 or 3 anywhere: sites that offer one show estimates of something that has not been announced. Once a wallet had completed the pre-genesis Redemption Submission, HYPE went straight into its spot balance. The quickest check is our checker at the top of this page, which searches the official genesis list for you. To check an address by hand:

1. Explorer (no login). Open hypurrscan.io, paste the address, and look in the transfer history for the HYPE genesis credit dated November 29, 2024. The address page also shows the current HYPE spot and staking balances. Our HypurrScan and Hyperliquid explorer guide walks through the address view.
2. In the app. Log in at app.hyperliquid.xyz, open Portfolio → History and filter to November 29, 2024. If you never moved the HYPE, you can also just check the HYPE line in your spot balances.
3. Via the API (developers). POST {"type":"tokenDetails","tokenId":"0x0d01dc56dcaaca66ad901c959b4011ec"} to https://api.hyperliquid.xyz/info. The genesis.userBalances array holds every address and its allocation, so searching it for your address is a complete checker.

How much was the Hyperliquid airdrop worth?

Most articles repeat the announced headline, “310 million HYPE (31%) to about 94,000 users”. The genesis record is public, so we read it from the chain instead: the public API’s tokenDetails response for HYPE lists every genesis balance.

Item	Value	Source
Genesis timestamp	HYPE token deployed November 29, 2024, 06:45 UTC; the genesis event was announced for 07:30 UTC the same day	Token deploy time; Hyper Foundation announcement
Max supply	1,000,000,000 HYPE	Token spec
User addresses that received HYPE	94,019 (plus 4 allocation addresses)	Genesis balance list
Total credited to user addresses	270,937,789 HYPE (27.1% of supply)	Sum of user genesis balances
Core-contributor allocation	238,000,000 HYPE (23.8%)	Single genesis address
Hyper Foundation budget	60,000,000 HYPE (6.0%)	Single genesis address
Community grants	3,000,000 HYPE (0.3%)	Single genesis address
Future emissions and community rewards	428,062,211 HYPE at genesis → 410,563,426 on October 22, 2026	Genesis balance; futureEmissions
Circulating supply (October 22, 2026)	302,030,132 HYPE	circulatingSupply
HYPE price	$2.00 open / $6.25 close on Nov 29, 2024 · $80.71 on October 22, 2026	HYPE/USDC spot candles and mid price

Two things follow. First, the announced 31.0% genesis distribution (310M) is about 39M HYPE more than the 27.1% that actually sits in user wallets. The future-emissions address holds almost exactly that much more than its announced 38.888% share. The Genesis Event Terms required a Redemption Submission: connecting a wallet and accepting the terms at hyperfoundation.org during the Genesis Event Period. The Hyper Foundation's genesis post says undistributed tokens were moved to future emissions and community rewards. So allocations that were never confirmed ended up in that reserve. Some explainers say every eligible wallet was paid "regardless" of any action; the terms say otherwise. Second, the reserve has since fallen by about 17.5M HYPE, which is where staking rewards come from.

How much HYPE each wallet got

As in every points-based airdrop, the distribution was very uneven. The spread across the 94,019 user addresses:

Statistic	HYPE received
Smallest allocation	0.11 HYPE
25th percentile	15 HYPE
Median (50th)	64.42 HYPE
75th percentile	380 HYPE
90th percentile	2,504 HYPE
95th percentile	7,930 HYPE
99th percentile	about 57,900 HYPE
Largest single allocation	1,975,127 HYPE
Mean	2,882 HYPE

Allocation size	Addresses
≥ 1 HYPE	90,691
≥ 10 HYPE	77,158
≥ 100 HYPE	40,763
≥ 1,000 HYPE	15,140
≥ 10,000 HYPE	4,012
≥ 100,000 HYPE	497

The top 10 addresses received 4.3% of the user distribution, the top 100 received 19.9% and the top 1,000 received 57%. In dollar terms, the median 64.42 HYPE was worth about $400 at the first-day close ($6.25) and about $5,200 at $80.71 (October 22, 2026). A 90th-percentile wallet is worth roughly $202,000 at that price. The often-quoted "$45,000 average allocation" is a mean pulled up by a few hundred very large wallets. The typical recipient got far less.

Hyperliquid airdrop claim: is there anything left to claim?

No. The genesis HYPE went straight into the spot balances of addresses that had completed the pre-genesis Redemption Submission (connect the wallet and accept the Genesis Event Terms at hyperfoundation.org). There was no claim transaction then and there is no late claim now; allocations that were never confirmed moved to the future-emissions reserve. The only balances that can genuinely wait for you on Hyperliquid are referral rewards (claimable above $1 on the Referrals page), vault withdrawals and HYPE in the unstaking queue (7 days).

Airdrop scams to avoid

• Fake “Season 2/3 claim”, “eligibility” or “vote” pages that ask you to connect a wallet and sign. Nothing is waiting to be received, so there is no legitimate reason to sign anything for a Hyperliquid airdrop today. In October 2026 fake “Season 2 vote” posts were reported circulating on X.
• Look-alike domains, sponsored search results and DMs. The app lives at app.hyperliquid.xyz; Hyperliquid’s own support page says to “beware of sponsored links on your search engine” and to “assume most DMs are scams”.
• Tokens named after the rumour (“Season 3”, “S3”) and paid “airdrop boosters” that want a private key or an API wallet with withdrawal rights. See our DEX security checklist.

Hyperliquid points: the Points page and the leaderboard

The app still has a Points page (More → Points, app.hyperliquid.xyz/points). For a connected wallet it shows Total Points, Rank and a League badge, with share and save-image buttons; logged out it shows 0 points, rank N/A and the Wood league. Its “Learn more” link goes to the past-tense docs page on the 2023–24 program. Hyperliquid has published no new points period, weekly budget, criteria or token conversion, so the page is a record of past points, not an announcement, and a number on it is not a promised allocation.

There is no points leaderboard any more. The app’s Leaderboard ranks accounts by PnL, ROI and volume, with no prizes attached; how to read it and follow top traders is in our Hyperliquid leaderboard guide.

Which apps on Hyperliquid run their own points?

Apps built on Hyperliquid run their own programs. They are the app’s points, paid (if ever) by the app, not a Hyperliquid airdrop. If you trade through one of them, join on app.hyperliquid.xyz with HOLYGRAIL first and connect the app with the same wallet: apps such as Phantom often set their own Hyperliquid referral code on accounts that have none, and the 4% discount on Hyperliquid’s part of the fee only follows an account that already has the code. The programs, read on each app’s own docs on October 22, 2026:

• Liquid (mobile app): points are live, earned from trading with an undisclosed formula, updated weekly, with no seasons; the docs promise no token. Liquid with code JV2EN2CX takes 10% off Liquid’s own fee.
• Dexari (mobile app): Points Season 2 is running, with weekly distributions every Wednesday and multipliers by volume tier.
• Ventuals (HIP-3 markets): 500,000 points a week since February 3, 2026, for trades through its front end.
• Based: Seasons 1 to 3 have ended (Season 3 on May 4, 2026) and $BASED has been distributed; no Season 4 is announced.
• Ended elsewhere: pvp.trade (all points distributed in February 2025), HyperSwap, Kinetiq, HyperLend (October 2025), HypurrFi Season 2 and Hyperbeat’s Hearts (fully distributed).

Venue-level programs (Lighter, Aster, Paradex and others) are ranked in our perp DEX airdrops guide.

How to position for a possible next Hyperliquid airdrop

Read this first: none of the items below is an announced criterion. Hyperliquid has published nothing about a next round. This is only what the first program rewarded (real use over a long window, plus referrals) mapped onto today's products, with the cost of each. Do something on this list only if it is worth it to you without an airdrop.

#	Action	What it costs you	What you get for sure
1	If you open an account, add a referral code before your first trade (how the HOLYGRAIL code works)	Nothing. It must be entered before $10,000 of volume	4% off fees on your first $25M. The referral docs list no points or airdrop for using a code (in the 2023–24 program, referral points went to the referrer, not the referred account)
2	Trade perps or spot you actually want, over weeks rather than in one burst	Taker 0.045% / maker 0.015% on perps (0.09% for a market round trip), 0.070% / 0.040% on spot, plus market risk	Progress toward fee tiers (down to 0.024% / 0%); spot volume counts double for tiers
3	Try HIP-3 markets (builder-deployed perps such as stocks, indices and FX)	Set per market by the deployer: for example taker 0.090% at a standard fee setting and 0.009% on trade.xyz's growth-mode markets; thinner books	Access to markets a crypto-only venue does not list
4	Deposit in HLP or a user vault	HLP deposits are locked 4 days after the last deposit; vaults can and do lose money	A pro-rata share of the vault's PnL (vaults and HLP guide)
5	Stake HYPE with a validator	HYPE price risk; an unstaking queue of 7 days	About 2.12–2.23% a year plus a 5–40% fee discount (staking guide)
6	Use HyperEVM apps	Gas in HYPE; third-party smart-contract risk	Whatever those apps offer. Their own token launches are not a Hyperliquid airdrop
✗	Do not split activity across many wallets or wash trade	Fees on every trade; volume split across wallets also moves each one up the fee tiers more slowly	Nothing. The Genesis Event Terms let Hyperliquid exclude addresses at its discretion

Hyperliquid is the deepest on-chain perp venue (179 perp markets as of November 3, 2026, $4–8B of daily volume). If you already use it for that, you are already doing what the first round rewarded most: months of real use. If you would trade only to farm a hypothetical drop, the fees and market risk are certain and the reward is not. New to the app? How to use Hyperliquid covers account setup, deposits and your first order.

HYPE vs JUP, ZRO and ZK airdrops

Figures the projects published themselves; empty cells mean the source did not say:

Airdrop	Date	Share of supply	Recipients	How it was received
Hyperliquid (HYPE)	Nov 29, 2024	31% announced; 27.1% landed in user wallets	94,019 addresses (on-chain)	Pushed to spot balances at genesis after a pre-genesis wallet confirmation
Jupiter (JUP), "Jupuary 2024"	January 2024	10% of 10B (first of four planned rounds)	Not stated in the sources we read	Claim on Jupiter's claim site
LayerZero (ZRO)	Jun 20, 2024	8.5% of 1B at launch	Not stated in the announcement	Claim with "Proof-of-Donation"
ZKsync (ZK)	Claims from the week of Jun 17, 2024	17.5% (3,675,000,000 ZK)	695,232 eligible wallets	Claim, open until January 3, 2025

Hyperliquid’s drop stood out for having no claim step, far fewer recipients than ZKsync and no outside investors (“No investors”, says hyperfoundation.org), so no venture unlocks competed with it. Other perp DEXs have since paid their own: Lighter distributed LIT to its points holders (Lighter airdrop) and Aster pays ASTER to its points holders in stages (Aster airdrop). For what HYPE does today, see the HYPE token guide and, against the other two perp-DEX tokens, HYPE vs ASTER vs LIT.

Is the Hyperliquid airdrop taxable?

In most jurisdictions, an airdrop is taxable income at its value on the day you received it, and that value becomes your cost basis when you sell. For HYPE the date is November 29, 2024. On Hyperliquid spot the token opened at $2.00 and closed at $6.25 that day. Tax authorities differ on which price they accept (open, close or daily average), so take the exact figure from the HYPE/USDC daily candle and keep it with your records. The trade history export guide shows how to download the full ledger from the app, and the DEX tax reporting guide covers record-keeping across venues. Staking rewards accrue daily and usually count as income when they arrive. This is general information, not tax advice.

Hyperliquid airdrop FAQ

Disclosure: HOLYGRAIL (Hyperliquid) and JV2EN2CX (Liquid) are our referral codes; we earn a share of referred accounts’ fees. The status of a next airdrop and the points-program dates were checked against the official docs, @HyperliquidX and @HyperFND on October 22, 2026, and the Points page in the app on October 22, 2026. Genesis balances and supply were read from the Hyperliquid public API; prices are dated where they appear. Apps’ points programs come from their own docs. Nothing here is financial or tax advice.