These are not just simple airdrops; they are also good products. Even if the final airdrop rewards do not meet expectations, you should still be able to derive value from them.
Written by: Ignas
Translated by: AididiaoJP, Foresight News
Recent project airdrops have been repeatedly harming the crypto community, and as project teams engage in "rug pulls" as a norm, community users are gradually starting to despair.
However, I believe they will not disappear so easily. As the noise decreases, the airdrop rewards given to real users will gradually become more substantial.
The reality has changed significantly from the past airdrop environment: you must continuously use the protocol; a single transaction is not enough. Project teams will choose to reward real users rather than simple airdrop hunters.
This article lists 10 airdrop projects I am currently participating in.
These are not just simple airdrops; they are also good products. Even if the final airdrop rewards do not meet expectations, you should still be able to derive value from them.
Based
A trading application and wallet built on Hyperliquid. It offers mobile, desktop, and Telegram applications.
You can conduct perpetual contracts and spot trading through Based, and you can also spend using a Visa card to earn points.
Based is backed by venture capital firms such as Hashed, Delphi, Newman, and Spartan.
The gameplay is simple: through Based, you can earn airdrops in 4 ways, rather than just through HL rewards:
Hyperliquid Season 2 and Season 3 airdrops
BASED tokens
Based ecosystem airdrops
UNIT airdrops
The team has publicly stated that the number of points is linked to future BASED airdrops. This is currently one of the clearest setups. The only downside is that the trading fees are 0.025% higher than through HL.
How to operate:
Trade perpetual contracts; you can use it as the default Hyperliquid application on mobile or desktop.
Tip: Using the desktop application can earn you a 30% bonus. Participate in trading competitions to win prizes (current prize pool is $20,000).
Liminal
Great for stablecoin holders. Another option for Hyperliquid users: a delta-neutral yield vault on Hyperliquid.
The simplest and most promising airdrop you can stake.
Even if you do not want any directional risk exposure to tokens like HYPE, BTC, or ETH, you can still earn future HYPE airdrops + Liminal airdrops.
Deposit USDC to earn yields through funding rate differentials and maintaining a market-neutral position.
How to participate
Deposit USDC
No official points yet
If tokens are issued, usage behavior may be rewarded
Even without tokens, the yields are sustainable (USDC annualized 9.5%+), and the airdrop is an additional reward.
Cross-chain USDC to Hyperliquid, deposit into the vault, and then earn yields.
Legion
Legion would not appear on my "airdrop list" if it weren't for the tweet below:
Legion raised $5 million from well-known institutions, aiming to bring startup equity, private credit, and intellectual property into the crypto market.
This is a huge market size!
Their recently added OTC trades include OpenAI equity and token sales.
Tokens are the way these venture capitalists make money.
How to operate:
Create an account, connect your social accounts/wallet after KYC verification to increase your score, and participate in token sales.
Airdrops are additional rewards, so do not blindly buy all ICO tokens; do some due diligence first!
Fogo
Fogo is an L1 built on Solana SVM.
The difference is that it runs a pure Firedancer client. This means sub-second block times and a design aimed at supporting high-frequency trading.
The public testnet is now live. The mainnet has not yet launched.
Why I like it:
They have solid backing: $5.5 million in seed funding by the end of 2024. Then in January, they publicly sold $8 million in funding at a $100 million valuation on Cobie's Echo platform.
Perhaps it will become a low circulation, high fully diluted valuation airdrop like in the past.
The testnet is in its early stages, which means less competition. Less noise, more upside potential.
Firedancer is a differentiating factor. If they succeed, this chain will gain attention, and participating from day one may yield returns.
They use Flames as a points system; Season 1 has ended, so wait for Season 2.
You can claim free FOGO and fUSD testnet tokens.
Ecosystem applications are important. The main DEX is Valiant, but my favorite is Ambient.
Backpack
Every crypto bull market has a new centralized exchange participant, Coinbase → Binance → FTX.
This cycle we have a decentralized exchange, Hyperliquid, but Backpack has a CEX gap to fill.
I agree with Fabiano that it is "one of the last six-figure airdrops left on Solana."
It is underhyped, with far fewer participating users compared to other Solana airdrops, meaning lower dilution.
They acquired FTX EU, giving them a regulatory advantage in Europe. They are building a compliant CEX business, demonstrating execution and credibility.
Backpack raised $37 million.
They have their own wallet: Backpack, which increases their valuation.
How to operate:
The points system is built by season. Season 1 ended on August 6, and Season 2 starts on August 7.
You can earn points by trading spot and recently added futures (including perpetual contracts like WLFI). You can also deposit fiat.
Points earned from spot trading are double that of perpetual contracts, incentivizing diverse user participation.
Harder to manipulate since it requires KYC.
Mad Lads NFT holders automatically receive VIP status.
Axiom
I cannot help but mention Axiom, as it continuously earns over $1 million in fees daily. Axiom is the last project with such high revenue and product-market fit that has not yet issued tokens.
Axiom is supported by Y Combinator.
Personally, I would use it to trade Solana junk coins, but you can also use it to trade on HL (earning 2x airdrops) and earn yields on MarginFi. If the memecoin bull market returns, Axiom will be a big winner.
How to operate:
Just use the platform instead of trading on other memecoin DEXs, and earn Axiom points through swaps.
The more you trade, the higher your level. The more points you earn.
The white paper hints at future token issuance; few protocols are so transparent.
Prediction Markets
Polymarket is the absolute winner for the best potential airdrop, in my opinion.
If Polymarket executes well, it could be second only to Hyperliquid.
However, Polymarket is not the only option for prediction markets. The other two are:
Limitless
Limitless runs prediction and proof markets on Base. You can bet on outcomes or create proofs for others to agree or dispute.
They just launched their first points season (July 1, 2025 -- September 22, 2025).
How it works
Minimum $200 in trading volume to qualify
Provide liquidity to earn stable points
Weekly leaderboard updates with levels: Bronze, Silver, Gold, Platinum, Diamond
Higher levels provide bonuses (up to 20% for Diamond level)
This is another bet on the narrative of prediction markets. It is more gamified for retail players, offering hourly markets.
Weekly resets keep it fair: activity is more important than scale, making it friendly for non-whale wallets, and prediction plus proof on Base is a unique angle.
How to operate:
Make small trades weekly (on both Polymarket and Limitless), and you can also try creating some markets.
The cost of staying active is low, and continuous users should benefit the most.
Myriad
Myriad is a prediction market on Abstract, so you can earn both Abstract airdrop XP and Myriad points simultaneously.
It feels like Polymarket, but with one difference: "Flash Markets" that appear within news sites, blogs, and even X posts.
If Abstract's bets succeed, Myriad may also perform well.
Kinetiq
If you only want to participate in one airdrop on Hyperliquid EVM L1, then choose Kinetiq.
Remember the early bull market days of the Jito airdrop? I think Kinetiq will be just as straightforward.
You stake HYPE and receive kHYPE, which you can then deposit into the Earn module to earn a 3% annualized yield, while also receiving other airdrops. Points are already live.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
