Check out the Hyperliquid results!
Hyperliquid
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Rewards
Reward Results
$100 $29,000
Details
Minimal cost
~$20
Minimum deposit
$500
Time required
15 min.
Category
Mainnet
Rating
6/10
Risk
Medium
The Hyperliquid airdrop is one of the most significant crypto events during 2024.
Hyperliquid distributed a significant amount of tokens to participants while highlighting the attraction to decentralized derivatives platforms. By allocating nearly 274 million HYPE tokens to 94,000 wallet addresses, the airdrop rewarded users with amounts ranging from a few dollars to millions.
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Airdrop Value in USD:
- Smallest Reward: Participants who completed minimal activities received fewer than 10 tokens, worth less than $100 at the peak price of $9.8 per token.
- Largest Reward: The highest single allocation was 970,000 tokens, valued at $9.56 million.
- Average Reward: At an average of 2,915 tokens per user, most recipients saw a reward worth approximately $28,500.
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Total Airdrop Scale:
- The total value of tokens distributed peaked at $2.685 billion, making it one of the largest crypto airdrops in history.
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Distribution Analysis:
- Median Allocation: The median recipient received 64.53 tokens, worth around $630.
- Over 56.6% of users received fewer than 100 tokens, equating to more than $1,000.
- 83.9% of participants received fewer than 1,000 tokens, valued under $9,800.
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Market Impact:
- HYPE token price surged from $2 at launch (November 29) to $9.8 by December 1, a near 5x increase in just three days.
- HYPE’s market capitalization exceeded $3.3 billion, ranking 44th among all crypto tokens 1. globally.
Impact and Takeaways
The Hyperliquid airdrop offered extraordinary returns, especially for those who engaged with the platform regularly. Since there were low entry costs to start trading on Hyperliquid, many participants received small rewards. Moreover, a higher deposit on the Hyperliquid platform generated a dramatically more significant airdrop. The opportunity underscored the potential of early adoption in decentralized platforms. However, users needed to balance their efforts and risks against the probability of securing meaningful rewards.
Pros
Experienced Team
Led by experts from top trading firms Citadel and HRT, showing strong leadership.
Strong Connections
Ties with notable funds like Coinbase, Dragonfly, eGierl enhancing its network and credibility.
Low Competition
Fewer users on the platform means less competition for rewards.
Points System
Has a system that may turn points earned into tokens later. The programme will run for 6 months from 1 November 2023.
Cons
No VC Funding
Lacks official financial backing from venture capital firms.
Hacking Risk
Being a DeFi project, it's always exposed to the threat of cyber attacks.
Expensive Opportunity
It is recommended to use $500 to participate in the opportunity, which make it expensive.
How to participate?
Every type of opportunity has its common rules. Following these closely can significantly increase your chances of qualifying for the potential rewards. Here is a list of recommendations from our team designed to maximize your chances of benefiting from this opportunity.
- Minimum Investment Requirement: To participate fully in Hyperliquid, you should make at least $10,000 volume. You will unlock more features of the platform as you do so. However, depending on your financial ability and willingness to take risks, consider trading three times this amount. When it comes to medium deposit size, users deposited $265 on the platform, while the median amount is $4731. You should consider depositing at least $500 to do the volume required and be above the medium amount deposited.
- Focus on Derivatives Trading: The main activity in Hyperliquid is derivatives trading. This should be your primary focus when engaging with the platform, but remember, derivatives trading is for advanced users.
- Regular and Diverse Participation: Engage in trading activities multiple times across different months. This varied participation can be beneficial.
- Understanding HLP and Risks: Hyperliquid offers an HLP (Hyperliquid Pool), similar to GMX's GLP. This pool earns profits through a market-making strategy. Perfect one for DeFi begginers. However, be aware that HLP can also lead to negative returns.
- Diverse Activities: Users can engage in different activities like Blast and hedge $BLUR tokens, offering multiple reward opportunities.