New IDO Drops: Hyperliquid's Airdrop Triumph

Elif Cemil

Investors looking for new IDO drops in 2025 will have many options, but few have generated as much excitement as Hyperliquid's airdrop efforts. Hyperliquid has emerged as one of the great stories in decentralized finance, and the HYPE token distribution has garnered attention for combining premium infrastructure with user engagement incentives. The airdrop triumph is impressive not only from the standpoint of the total amount of tokens distributed (millions), but more notably, in how it was all part of Hyperliquid's journey and growth, allowing participants to derive value from engagement in what is becoming one of the fastest growing DEX ecosystems. With Bitcoin holding levels over $110,000 in early October 2025, the traditional crypto user can have a central point to trade with leverage. The historical lesson from this episode is that understanding the mechanics of the drop is paramount, as Hyperliquid and its team are emphasising active participation over passive holding in hopes of evolving the user experience into more productive engagement that generates outcomes even when INR (Interest Reference Noun) are quite low.

Hyperliquid's airdrop move is also successful because it meets market demand for efficient and on-chain order book trading. The Hyperliquid model is uniquely positioned to deliver high performance decentralized trading volumes that rival those of centralized venues, as evidenced by billions in trading activity since launching. For those that want new IDO drops in 2025, the Hyperliquid model offers a glimpse of what is possible in terms of using technology with user incentives to create lasting value. Hyperliquid is also a lesson for any business thinking about dipping its toe into DeFi, because in addition to being rewarding for early adopters. With over 38% of the HYPE supply still subject to emissions, there will continue to be more opportunities to participate in ongoing seasons.

To get yourself in a position for similar new IDO drops:

Conduct a review of the core technology of the platform to confirm it is solving a real trading problem.
Engage early in testing or alpha environments this will help increase your chances of eventual receipt of reward.
Execute multiple tests across both trading and staking to align yourself with the best chances of qualifying.
Be sure to monitor the channel for official announcement posting and not to miss a deadline.

If you do these things, you will improve the potential results when participating in drops such as Hyperliquid's.

Hyperliquid Ecosystem Expansion

Hyperliquid has transitioned from what was a small perpetuals exchange and becoming a Layer 1 ecosystem, which makes the win of the airdrop even more palatable. Hyperliquid is utilizing a custom engine, HyperCore, which powers order books on-chain, taking the trade volume without some of the normal penalty of latency from DEX platforms. In addition, with products like HyperEVM launching sometime in February 2025, here developers will be able to build applications which all can interface with Hyperliquid and the existing perpetuals market. So once again for those who may be drawn in by the new IDO drops, all of this activity will increasingly be part of the qualification for the airdrop. The diversion from the previous topic of HyperEVM introduces an opportunity that again opens up that the more activity the more opportunities for revenue. The ecosystem itself lends itself to strategically and economically improving the collective composition and value of the community developed.

Lastly, with this expansion capability is the ability to deploy perpetual markets collaboratively without permission, please see proposed HIP-3. This ethos is consistent with updates of the ability to permit anyone to deploy a futures contract without gatekeeping of deployment. Hyperliquid would thus be able to offer even mores diversification of user assets to trade, not simply crypto assets pair but traditional. Organizations that view systems like Hyperliquid favorably can benefit from relatively low barriers to entry and create tailored markets that meet that specialized need.

Some practical suggestions for interacting with Hyperliquid's ecosystem and greater community are:

Begin to connect assets to the network with official bridges/tools, so you will not pay fees.
Search community curated projects rated to find assets with potentially compelling integrations.
There is good data analysis with dashboard analytics, so you can track rewards when you are using your time productively.
Connect with users through discussion forums when working with others to collaborate strategies.

Leveraging HyperEVM as another opportunity layer

HyperEVM opens another gateway of opportunity into the airdrop by allowing EVM compatible apps to develop and proliferate on Hyperliquid's infrastructure layer. Leveraging means you are bridging at least 5 HYPE tokens and using protocols in which you accumulate points while utilizing those respective technologies. This layer truly multiplies your win, assuming HyperEVM and HYPE do offer potentially distinct seasons of rewards, which you should mindful to follow based on what you are doing.

Opportunities to include various farms on vaults and lending and even utilize HyperEVM arm or where you are strategizing yourself.

Means of leveraging HyperEVM:

Bridge your assets utilizing the bridges official methods.
Filter your strategy to risk level as delta neutral.
Acquire Hypurr NFTs for the chance at qualifying potential.
Utilize as many different apps to give exposure.

This leverage could even further extend reward opportunities on top of leveraging HyperEVM. Additionally refer to Ethereum's developer docs for more on EVM at ethereum.org/en/developers.

Bridging to HyperEVM starts with acquiring HYPE and successfully utilize the bridge. NFT acquisitions like Hypurr NFTs may presents opportunities for you at round 2 drops, and that regard adds value to enhancing the mid to long-term viability of the strategy itself.

Acquiring and Bridging:

Buy HYPE on spot exchanges
Utilize the bridge button for associated transfers
Use HYPE to buy NFTs on OpenSea
Verify that you have HYPE in your holdings to be eligible

This set of activities activates the full potential of HyperEVM.

Liquidity Pooling and Referral Programs

Liquidity providing via HLP vaults is another avenue for an airdrop and involves 4-day locks and competitive APYs. To provide liquidity you will deposit USDC, monitor some metrics, and reinvest for compounding purposes.

The referral programs can provide USDC bonuses based on referred trade volume and build passive income as well.

Ways to engage:

Deposit into HLP to earn rewards from vault rewards
Develop and share custom referral codes
Target active traders to use your codes
Monitor your earnings in Dashboards for achievement

This sort of provision and referral will boost your overall engagement.

Building a Network: Passive Income

Building a referral network will revolve around sharing codes with high transaction volume users; you will also have to explain that using your code grants them a discount or fee. All of this work will create a passive USDC income stream, in conjunction with all your other work won’t be a bad outcome.

To build:

Personalize codes for branding
Share on social channels with explanations
Follow through with referees for activity
Use Dashboards to track and optimize progress

This building will allow you to provide a different source of income.

Conclusion

Hyperliquid's airdrop win demonstrates how new IDO drops can build rewards for active users or dedicated users that are actively actively engaging within the project on different fronts. When you're trading or staking or engaging in an ecosystem, the platform has designed a robust system to translate your engagement into incremental value over time or rewards. Hyperliquid will ultimately sustain their users over time when competition increases in the landscape with rivals like Aster, which stems from their commitment to performance and reward structure and benefits, thus providing a framework for other drops. As we move into the future, the seasons which are past the going to the payout structures as previously stated, will allow other opportunities to remain open allowing others to enter and invest on a level playing ground with the Hyperliquid community, through new seasons. That said, the investors who spread their money out and participate across activities will bring in the most USDC in rewards - in fact making the airdrop a relatively consistent source of income.

Overall, Hyperliquid highlights the potential value of players who merit user engagement first and foremost in platform design as a model for future new IDOs and other airdrop opportunities that will make their way into 2025.