Hyperliquid Airdrop Sets New Standard in Crypto for 2024

Key Points:

• Hyperliquid’s generous airdrop of 31% of the total HYPE token supply to the community has been widely praised.
• The Hyperliquid airdrop is considered a benchmark for future projects due to its focus on community rewards and lack of token allocations to VCs.

The Hyperliquid airdrop has garnered significant praise from the crypto community making it the most celebrated crypto airdrop of 2024.

Hyperliquid Airdrop Sparks Massive Market Excitement

On November 29th, 2024, layer-1 blockchain and derivatives DEX Hyperliquid conducted its highly anticipated HYPE token airdrop to the community, over a month after announcing the plan.

What sets this airdrop apart is its unprecedented generosity: 31% of HYPE’s total supply (310 million tokens) was distributed to eligible users without any vesting schedules or lock-ups.

Contrary to typical post-airdrop sell-offs, demand for HYPE far exceeded supply, with the market reacting positively. Within 24 hours of listing on Hyperliquid’s native DEX, HYPE saw trading volumes surpass $350 million, and prices skyrocketed by 50% according to CoinMarketCap.

Read more: Top 6 High-Quality Free Crypto Airdrops You Shouldn’t Miss

Hyperliquid’s Generous and Fair Airdrop Model Sets a New Standard

Remarkably, Hyperliquid allocated 31% of the total token supply to the community, with no lock-up, no vesting schedule, and no tokens allocated to venture capital funds, exchanges, or market makers. HYPE recipients have the right to sell their entire airdrop allocation immediately upon TGE.

This has resulted in all airdrop recipients reaping profits ranging from thousands to millions of dollars with an initial investment of just around $1,000.

According to estimates by “retroactive farming experts”, about 63% of users received 150-400 points from the Points program, with each point worth about $10.36 to $12.23. On average, each account that transacted on the Hyperliquid DEX and spent $1,000 in fees received an airdrop worth around $6,000-$7,000.

On the X platform, many users expressed their excitement and surprise, considering this a massive “windfall.”

One user reported profits of over $300,000 from the airdropped tokens. In the comments, user @STRYED0R also shared a screenshot showing over $18,000 earned from the Hyperliquid airdrop.

Some individuals even excitedly declared “HYPE is the token of 2024”, or “Hyperliquid…as the greatest airdrop in history”.

A Community-First Approach Reshapes Crypto Airdrops

Hyperliquid’s decision to prioritize the community in its tokenomics has set a benchmark for the crypto space. Analysts and community members are now urging other projects to adopt similar models.

Hyperliquid’s approach is being hailed as a masterclass in community-driven growth, with key takeaways including:

• Launching a product that aligns with market trends while listening to and incorporating user feedback.
• Avoiding token allocations to VCs or institutional investors.
• Distribute 100% of TGE tokens to the community with no lock-up periods or vesting schedules.

Jason Choi, founder of Tangent, encapsulated the sentiment, saying: “Make the community rich first, not the investors. That’s the secret to a successful crypto project.”

This philosophy has turned Hyperliquid into a case study for future projects aiming to build trust and long-term success in the crypto industry.