Hyperliquid

Season 2

The dominant on-chain perp DEX with deep liquidity, a high-performance L1 and a live HYPE reward season.

10.0 /10
24h Volume $5.80B → 0.00%
Open Interest $6.64B
Maker / Taker 0.015% / 0.045%
Airdrop Season 2 high confidence
How to qualify

Trade volume and maintain activity while the rewards program is live.

Hyperliquid is the benchmark app-chain orderbook perp DEX in this dataset, with the largest tracked volume and open interest. It is best framed as a mature live-token venue with continuing Season 2 incentives, not as a pre-token airdrop farm.

Score note

Deepest tracked liquidity, live HYPE token and leading app-chain UX.

Pros

  • Deepest tracked perp liquidity and open interest in the current dataset
  • Purpose-built Hyperliquid L1 with native orderbook UX
  • HYPE token is live while Season 2 incentives are still tracked

Cons

  • Token already launched, so new-user upside depends on future campaigns
  • High concentration on one app-chain creates chain-specific operational risk
Ready to trade on Hyperliquid?

Open the official app below.