Hyperliquid Airdrop: Is Season 3 Coming, and Who Got HYPE in 2024?

Hyperliquid Season 3 airdrop

Not confirmed, as of October 19, 2026. We re-checked the official docs and the @HyperliquidX account on that date (the app's Points page on October 19, 2026). Everything else you read about "Hyperliquid Season 3" (X threads, airdrop listing sites, farming guides, news) either says it is unconfirmed or presents speculation as fact. Season 2 and Season 3 are community names for the same thing: a possible next round.

Question	Status on October 19, 2026	Where we checked
Is a Season 3 (second) airdrop announced?	No	Hyperliquid docs and @HyperliquidX posts through October 11, 2026 (read October 19, 2026); app (read October 19, 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
Tokens left for future rewards	411.2M HYPE (41% of max supply) in the future-emissions and community-rewards reserve, currently funding staking rewards	API tokenDetails → futureEmissions

Why some sites say "Season 2" and others "Season 3"

Hyperliquid never used the word "season". Its docs describe one points program (November 2023 – May 2024) and an L1 phase of points (May 29 – November 2024). Community trackers labelled these "Season 1" and "Season 1.5" or "Season 2". All of them were paid out together at the November 2024 genesis. That is why the unannounced next round is called "Season 2" on some sites (airdrops.io, many Japanese guides) and "Season 3" on others. Both names mean the same thing: a possible future distribution that Hyperliquid has not announced.

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 when it began, on November 1, 2023. A "Season 3 is live" headline that links to none of those is not confirmation. Neither is a leaderboard on a third-party site, or a picture read as a hint.

What is the Hyperliquid Points page (More → Points)?

If you search "hyperliquid points", Google's AI Overview points you to a "Hyperliquid Points Dashboard". That is a real page in the official app, at More → Points (app.hyperliquid.xyz/points). For a connected wallet it shows Total Points, Rank and a League badge, plus share and save-image buttons. With no wallet connected it shows 0 points, rank N/A and the lowest league.

Here is what the page does not say. Its "Learn more" link goes to the docs page on points, and that page is written in the past tense. It covers the 1,000,000-points-a-week program from November 1, 2023 to May 1, 2024 and the 700,000-a-week L1 phase that ended in November 2024. Hyperliquid has not published any new points period, weekly budget, criteria or conversion to tokens. So read the page neutrally. It shows your points history. It is not an announcement, and a number on it is not a promised allocation. If Hyperliquid starts a new program, the docs page it links to is where the rules will appear.

What happened in the Hyperliquid airdrop (November 29, 2024)?

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, and it gives more precise numbers:

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 → 411,241,747 on September 27, 2026	Genesis balance; futureEmissions
Circulating supply (September 27, 2026)	298,715,887 HYPE	circulatingSupply
HYPE price	$2.00 open / $6.25 close on Nov 29, 2024 · $91.65 on September 27, 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 16.8M HYPE, which is where staking rewards come from.

How much HYPE did each wallet get?

As in every points-based airdrop, the distribution was very uneven. Here is the full 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 $5,900 at $91.65 (September 27, 2026). A 90th-percentile wallet is worth roughly $230,000 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.

How did Hyperliquid points decide eligibility?

The airdrop paid out the Hyperliquid points program. The official docs give exact dates. The last column shows the names community sites use for each phase:

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)

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.

How do I check if my address got the Hyperliquid airdrop? (checker)

There is no official "checker" page, because there was no claim step after genesis. 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 can you 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	Join with a referral code before your first trade (open Hyperliquid with HOLYGRAIL)	Nothing. It must be entered before $10,000 of volume	4% off fees on your first $25M; referrals were the one activity the 2023–24 docs rewarded explicitly (for the referrer)
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 (178 perp markets as of October 20, 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.

Which Hyperliquid airdrop scams should you avoid?

No step has needed claiming since genesis, and no new round is announced. That makes fake "claim" and "season" pages the most common Hyperliquid scam. Google's own results page for "hyperliquid airdrop" notes that several results were removed in response to legal requests. Watch for these patterns:

• Fake "Season 2/3 claim" or "check eligibility" 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. A signature request on such a page is how funds get drained.
• Look-alike domains and sponsored results. The app lives at app.hyperliquid.xyz. Bookmark it rather than clicking search ads or links in replies.
• "Unclaimed HYPE" pop-ups and DMs. 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).
• Tokens named after the rumour. Tokens trading under names like "Season 3" / "S3" are not Hyperliquid products. HYPE is Hyperliquid's native token, and no official source mentions a season token.
• Paid "airdrop boosters" and bots that want your private key or an API wallet with withdrawal rights. See our DEX security checklist.

How does the HYPE airdrop compare with JUP, ZRO and ZK?

We only include figures the projects published themselves, so some cells stay empty:

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

Other perp DEXs have since paid their own points-based airdrops: Lighter distributed LIT to its points holders, covered with the Season 3 status in our Lighter airdrop guide. Aster pays ASTER to Stardust points holders in stages; the current stage and its claim window are in our Aster airdrop guide. Which perp-DEX points programs are actually live right now, venue by venue, is in our perp DEX airdrops ranking.

Hyperliquid's drop stands out on three counts:

• Fewer recipients. It went to about 94,000 addresses, far fewer than ZKsync's roughly 695,000 eligible wallets.
• No claim transaction. Tokens were pushed into spot balances at genesis instead of being claimed on-chain.
• No external listing yet. At first HYPE traded only on Hyperliquid's own spot book, where it opened at $2.00.

Hyperliquid also took no outside investors ("No investors", says hyperfoundation.org), so there were no venture unlocks competing with it, and the drop became one of the most valuable retail distributions per wallet. At $91.65 the median recipient's allocation is worth about $5,900, and each of the 4,012 wallets that got 10,000+ HYPE is worth at least $900,000. For what HYPE does today, see the HYPE token guide; for how it stacks up against the other two perp-DEX tokens, see HYPE vs ASTER vs LIT.

What actually rewards Hyperliquid users in 2026?

Reward	What you get	How
Referral discount	4% off taker and maker fees on your first $25M of volume	Join via a referral link before $10,000 of volume. Ours is HOLYGRAIL
Fee tiers	Taker 0.045% → 0.024%, maker 0.015% → 0% with 14-day volume	Automatic; spot volume counts double. See the fees guide
HYPE staking	About 2.12–2.23% a year (437M HYPE staked), auto-compounded, plus a 5–40% fee discount from 10+ HYPE	app.hyperliquid.xyz/staking. See the step-by-step guide
Maker rebates	-0.001% to -0.003% for more than 0.5% of maker volume	Professional market makers only
Referral income	10% of referred users' fees on their first $1B of volume	Create a code after $10,000 of lifetime volume
HLP vault	A pro-rata share of the protocol market-making vault's PnL	USDC deposit, locked for 4 days. See the vaults and HLP guide

Note what is not on the list. A "staking referral program" that would pay referrers up to 40% of referee fees exists only as a proposal in the docs. Hyperliquid itself issues no "HyperEVM points". Apps built on Hyperliquid do run prize contests from time to time; how those contests score is in the FAQ below.

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.

What should you do now?

• You received HYPE and still hold it: consider staking it. More than 10 HYPE unlocks a 5% fee discount, more than 100 unlocks 10%, and the stake earns about 2.12–2.23% a year. How to stake HYPE →
• You missed it and want exposure: HYPE trades on Hyperliquid spot (HYPE/USDC) at 0.070% taker / 0.040% maker. The HYPE token guide covers what the token does and does not do.
• You are here for Season 2 or 3: nothing is announced to farm. Use the exchange only if you would use it anyway. Take the 4% referral discount, keep the fee tiers and staking discount working for you, and check back here: we re-date the status table every time we re-check.

Hyperliquid airdrop FAQ

Disclosure: HOLYGRAIL is our referral code; 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 and @HyperliquidX on October 19, 2026, and the Points page in the app on October 19, 2026. Genesis balances and supply were read from the Hyperliquid public API; prices are dated where they appear. Other projects' airdrop figures come from their own docs and announcements. Nothing here is financial or tax advice.