HyperSwap Airdrop Live: SWAP Tokens for HyperEVM Users
HyperSwap officially launched its HyperSwap airdrop to distribute SWAP tokens to eligible participants active on both the testnet and mainnet. Eligibility for the HyperSwap airdrop is determined by onchain activity such as token swaps, liquidity provision, and other protocol interactions. Over 1 million testnet points have been allocated to OG badge holders, visible in the "HyperSwap Testnet" section. While the initial points campaign ended in July 2025, ongoing engagement with any platform feature can still boost airdrop eligibility.
To qualify for the HyperSwap airdrop, users must bridge at least 5 HYPE tokens to the HyperEVM network via the “Transfer to EVM” function and complete the listed tasks in the Points section. In addition, providing liquidity to incentivized pools—USDHL-USDT, HYPE-USDHL, feUSD-USDHL, LOOP-LHYPE, WHLP-LHYPE, HYPE-KEI, cmETH/uETH (20× Powder bonus), xSWAP, and future Unit-related pools—will factor into final rewards. This airdrop aims to incentivize onchain participation and strengthen the HyperSwap DeFi ecosystem.
Bullish
The HyperSwap airdrop is likely bullish for market activity and token adoption. Airdrops typically drive short-term volume spikes as traders acquire required tokens and bridge assets to qualify. By rewarding onchain participation and liquidity provision, HyperSwap fosters deeper ecosystem engagement, mirroring the positive impact seen after Uniswap’s UNI distribution. In the short term, demand for HYPE and related tokens could rise as users seek eligibility. Long term, increased liquidity and protocol usage can support SWAP’s price stability and network growth, attracting further DeFi investment.