Hyperliquid’s $10.8B Airdrop Nears Completion

September 21, 2025 Hyperliquid (Hyperliquid HYPE) is a constantly growing DeFi platform, and it is in the news that 42 percent of the token supply is yet to be airdropped. The relocation has attracted attentions of crypto buyers across the planet especially when the platform declared that purchasers of Aster (ASTER) tokens are not part of the current distribution. This omission indicates an attempt to avoid the problem of double-dipping and encourage original involvement in the ecosystem of Hyperliquid.

Hyperliquid as compared to other significant airdrops

The airdrop of the platform is significant to the landmark historical token distributions. For example:

• Apecoin (APE): 150 million APE airdrop in March 2022, which is worth 2.25 billion.
• dYdX (DYDX): September 2021, 75m DYDX airdropped, worth $500 million.
• Arbitrum (ARB): March 2023 1.16 billion ARB airdrop, valued at $1.16 billion.

These comparisons emphasize that Hyperliquid airdrop is one of the biggest by value in the recent DeFi history, and thus it grows in influence and can influence the entire crypto market.

Hyperliquid is a strong trading volume with advanced smart contracts and effective cross-chain liquidity by the DeFi ecosystem. Since its TGE, Hyperliquid has experienced steady increase in the number of active users as well as trading volume. This shows the interest of the community as well as the potential of the platform to compete with more mature DeFi protocols.

Market Implications and Future Prospects

The rest of the HYPE airdrops will likely affect liquidity, trading volume and investor sentiment in the DeFi industry. Distributions that are high profile like those of Hyperliquid can attract everybody to join the ecosystem, boosting both adoption and network effects. According to the market analysts, the release of the remaining tokens may be accompanied by new staking programs, liquidity pools, and governance proposals, which will further encourage the participation of the communities. Also, such distributions can introduce some volatility in the short-term in HYPE trading pairs in exchanges, which both creates opportunities and risks to the traders.