dApps
Apr 9, 2025
Hyperliquid Guide: Earning HYPE Rewards on The Fastest L1 DEX
Learn how to earn Hyperliquid HYPE token by transacting on their DApps on HyperEVM. A step-wise guide to unlocking your wallet, token swapping, and participating in point systems based on reward eligibility.
Hyperliquid is one of the most talked about projects in crypto after airdropping HYPE tokens, which peaked at surpassing an estimate of $10 billion worth. With 31% of tokens distributed at TGE (Token Generation Event) and 40% allocated for future emissions and rewards, the ecosystem continues to seem exciting.
Multiple DApps on the HyperEVM chain are now running point systems that could be utilized for appreciating value at airdrops or rewards in the future. The ecosystem is growing at a fast pace, with DEXes and lending protocols also building on Hyperliquid.Bottom Line: Hyperliquid has managed to onboard many “HyperBelievers” with its remarkable airdrop, and now by participating in the ecosystem’s DApps, you are positioning yourself for possible future benefits while the ecosystem is at its nascent stages.
What is Hyperliquid? Breaking Down the Opportunity
Hyperliquid is an innovative decentralized exchange that operates on its unique Layer 1 blockchain. It also features the efficiency of centralized exchanges integration alongside Decentralized Finance (DeFi). The network serves transactions at breakneck speeds with block times of below 1 second, and can do up to 100,000 orders per second.
Why Hyperliquid Matters Now
Hyperliquid has incrementally been increasing the accessibility of Perpetual Futures trading, allowing users to speculate on crypto prices and making it easier for users to trade even if they do not own the underlying assets. Perpetual Futures trading and HyperEVM were both recently launched and now the entire Ecosystem is expanding beyond just trading into a whole suite of DeFi products.
Fundamentals of the HYPE Token
HYPE Tokens Total Supply: 1,000,000,000 HYPE tokens
Distribution:
Future Emissions & Community Rewards: 38.888%
Genesis Distribution: 31.0%
Core Contributors: 23.8%
Hyper Foundation Budget: 6.0%
Community Grants: 0.3%
HIP-2 Allocation: 0.012%
The HYPE token serves multifarious purposes within the ecosystem:
Trading fee rebates
Rewards for staking
Participation in governance
A Guide On How To Transact Hyperliquid: In-Depth Instructions
Step 1: Integrate HyperEVM into Your Wallet
Launch your Leap Wallet.
Switch to the Hyperliquid chain from the top right corner
Step 2: Obtain HYPE Tokens
Open app.hyperliquid.xyz/join
Create a Hyperliquid account.
From Arbitrum, transfer USDC to your Hyperliquid account.
Exchange USDC for HYPE.
Send HYPE to your EVM wallet. (L1 transfer)
Step 3: DApps Exploration and Point Farming
KittenSwap
Visit app.kittenswap.finance/points
Connect your wallet and sign transactions.
Make token swaps and add liquidity.
Through active engagement you can earn points.
Hyperlend
Visit app.hyperlend.finance
Connect your wallet and sign transactions.
Borrow and lend assets.
Collect points through the use of the platform
HyperSwap
Proceed to app.hyperswap.exchange/#/swap
Connect your wallet and confirm
Swap token and donate liquidity
Accumulate points through trading
Felix Protocol
Navigate to usefelix.xyz
Connect then register
Withdraw feUSD and put up collateral
Engage in the Felix points program
Hyperlaunch (NFT Platform)
Search for free NFT minting opportunities
Engage in NFT trading on drip.trade
Note: Always conduct your own research prior to minting or trading NFTs
Connect With The Ecosystem
Other Relevant Hyperliquid Links
Connect with dApps on Socials:
KittenSwap: @KittenswapHype
Hyperlend: @hyperlendx
HyperSwap: @HyperSwapX
Felix: @felixprotocol
Hyperlaunch: @drip__trade
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Frequently Asked Questions
What is HyperEVM?
HyperEVM refers to Hyperliquid's chain that is compatible to Ethereum Virtual Machine and helps developers build DApps on Ethereum tooling and also get the benefits of Hyperliquid's speed and low fees.
Do I need to be a participant in the original HYPE airdrop?
Not at all. The entire ecosystem is open for anyone, whether or not the airdrop was received.
How much HYPE should I acquire to begin farming?
There is no minimum requirement, however, for maximum efficiency, it is preferable to have enough to access multiple DApps. An investor should start with what they are comfortable investing in without concern.
How frequently should I engage with these DApps?
DApps should be utilized consistently, as frequent dopamine hits allow effortless point collection. Some systems may punish inactivity or reward 'use it or lose it' mechanics.
Is it safe to connect my wallet to these DApps?
As these DApps belong to the official Hyperliquid ecosystem, one must proceed with caution. Follow the guidelines and ensure your device is secure, make sure your seed phrase is never disclosed, and only use the provided official links.
