This guide delves into the evolving mining strategies within the HyperEVM ecosystem, including their development trajectory, who is most likely to earn rewards, and how to position yourself during this early phase.

The following content has been reorganized for clarity:

Unless you've been completely disconnected from the crypto sphere, you've likely noticed: Hyperliquid is everywhere. It's one of the few projects that executed its TGE strategy flawlessly, not only generating substantial wealth but also sustaining ecosystem growth momentum.

While most traders focus on the perpetual futures layer—which has indeed found product-market fit and cultivated one of the most active "believer communities" in crypto—the expanding application layer around HyperEVM often goes overlooked. Yet, it's here that the real opportunities lie.

Castle has already covered the core of Hyperliquid in this analysis:

Hyperliquid Ecosystem Mining Guide

This guide delves into the evolving mining strategies within the HyperEVM ecosystem, including their development trajectory, who is most likely to earn rewards, and how to position yourself during this early phase.

What Happened and What's Next?
@hyperliquidx's inaugural airdrop in November 2024 was historic, distributing 31% of its total token supply to over 90,000 users. With a token launch price of 3.20andapeakof34, the airdrop peaked at over $10.5 billion in value, making it one of the largest wealth transfers in crypto history.

Current opportunities are vast and still in their infancy. HyperEVM is live, core protocols are operational, and various point systems are incentivizing user behavior.

Ecosystem liquidity remains thin, often the best time to capture the most gains. Hyperliquid has distributed 31% of its total supply, with 39% still unallocated. At current valuations, this means nearly 4billioninHYPE could be distributed to future participants.

This isn't just about $HYPE itself. Native protocols like @KittenswapHype, @HyperLendx, and @HypurrFi are conducting their own point campaigns, offering rewards now that could stack with future ecosystem incentives.

The market hasn't fully caught on yet. Overall participation remains low, attention is fragmented, and few are precisely positioned. If this cycle mirrors the last, the earliest and most active participants will reap the greatest rewards.

So, Who's Most Likely to Benefit Next?

Judging from Hyperliquid's history and current state, several key groups stand out:

• Perpetual futures traders maintaining consistent volume and activity.

• Users holding Hyperliquid-native NFTs.

• "Protocol farmers" engaging in HyperEVM activities (lending, providing liquidity, borrowing, etc.).

Considering these, here are the top 10 mining opportunities within the Hyperliquid ecosystem:

Hyperliquid Ecosystem Mining Guide

1. KittenSwap – ve(3,3) Model DEX for HyperEVM - @kittenswaphype

KittenSwap is the primary DeX on HyperEVM, adopting a ve(3,3) model akin to Velodrome and Solidly. It supports stablecoin and volatile token pairs, rewarding long-term users through fee sharing, point programs, and governance mechanisms.

As the DEX with the highest volume and TVL in the ecosystem, KittenSwap is a central hub for HyperEVM liquidity. Many new protocols choose to launch tokens or create stablecoin pairs here.

KittenSwap recently introduced concentrated liquidity pools, allowing custom price ranges and temporarily boosting point multipliers. Some pairs now offer up to 20x point rewards (e.g., LHYPE/HYPE and USDXL/HYPE), with standard pools offering reduced multipliers. This suggests the protocol will increasingly favor concentrated liquidity.

Mining Strategy

• Add liquidity to high-yield pools—focus on those with high multipliers like PURR/HYPE, LHYPE/HYPE, and USDXL. Avoid pools with excessive TVL and diluted rewards.

• Stake LP tokens to earn points—after adding liquidity, stake LP tokens on KittenSwap to accumulate points. Points update weekly and determine your share in future token distributions.

• Boost earnings with MechaCats NFTs—holders receive point multipliers:

  • 1–9 NFTs = 1.25x

  • 100–199 NFTs = 1.4x

  • 500+ NFTs = 1.5x

MechaCats holders will also secure 3% of the veKITTEN supply upon token launch.

1. HypurrFi – Leveraged Lending & Stablecoin Yield - @hypurrfi

@HypurrFi is a leveraged lending platform on HyperEVM and the issuer of the native over-collateralized stablecoin USDXL. Users can borrow USDXL by staking $HYPE or stHYPE while continuing to earn interest on their collateral.

The protocol invests its revenue in tokenized U.S. Treasury reserves to enhance USDXL's long-term stability and asset backing.

Mining Strategy

• Deposit $HYPE → Borrow USDXL
  The simplest mining method: retain exposure to HYPE while freeing up USDXL for other yield opportunities.

• Add borrowed USDXL to liquidity pools
  Pair it with HYPE, LHYPE, or feUSD on KittenSwap or HyperSwap for high-multiplier point rewards.

• Hold or lend USDXL
  Simply holding or lending USDXL may also qualify for future protocol or ecosystem rewards.

According to HypurrFi, early users often receive optimal rewards, even if points aren't immediately visible. The platform tracks user actions behind the scenes, including lending, adding liquidity, or transferring USDXL, all of which may participate in multiple incentive campaigns.

The points system is now live and regularly updated, making it one of the simplest mining strategies on HyperEVM.

1. HyperLend – Lending Infrastructure with Active Points System - @hyperlendx

@HyperLendx is the primary lending protocol on HyperEVM, supporting core assets like HYPE, stHYPE, LHYPE, and USDXL. It's not just a standalone money market but also provides liquidity infrastructure for other protocols, including @Harmonixfi, @Mizulabs, and @Felixprotocol, throughout the ecosystem.

The public points program launched on April 7, 2025, featuring weekly rewards and an XP-based compounding system.

Points are tied to lending, daily active behavior, and social referrals, automatically displayed in wallet dashboards without manual claiming.

Mining Strategy

• Deposit assets early
  Stake HYPE, LHYPE, or USDXL as soon as a new cycle begins.
  The protocol has a TVL cap; the later you enter, the more points diminish.

• Lend to increase point weight
  Lending boosts reward weight, even with small positions.
  Use HYPE or LHYPE as collateral to borrow stablecoins while retaining spot exposure.

• Enable daily XP loops
  Claim XP daily when holding ≥100 points and staking ≥$50 in assets.
  XP compounds over a week, eventually converting to additional points.

• Activate all available bonuses
  Testnet participants receive permanent point multipliers.
  Holders of @HypioHL NFTs receive extra points (NFTs with HyperLend traits offer higher bonuses).
  The social referral system spans 13 layers, offering extra points based on referrer performance.

• Stack rewards from other protocols
  Add USDXL or LHYPE borrowed from HyperLend to @KittenSwaphype or @HypurrFi for multi-protocol point stacking. Alternatively, stake newly launched uBTC to earn both HyperLend points and rewards from HyperUnit.

HyperLend is a "set-and-observe" strategy requiring low-frequency operation once configured. The main tasks are timing entries well, claiming XP daily, and occasionally rebalancing as rewards shift.

1. Felix Protocol – Stablecoin Yield + Liquidation Mining - @felixprotocol

@Felixprotocol is HyperEVM's first native stablecoin protocol, allowing users to mint feUSD by staking HYPE. It offers two primary yield paths: staking feUSD in stability pools for liquidation rewards or using feUSD in various liquidity pools to earn extra points.

As a foundational DeFi module, Felix helps users leverage, take risks, and move funds between lending protocols and DEXs. Its points program officially launches on April 13, 2025, at 12:00 PM UTC.

Mining Strategy

• Stake HYPE → Mint feUSD
  feUSD is an over-collateralized stablecoin designed for ecosystem-wide use.

• Stake feUSD in stability pools
  These pools underpin the liquidation mechanism.
  When positions are liquidated, participants acquire HYPE at a discount and share in protocol revenue.

• Add liquidity on KittenSwap or HyperSwap
  Pairs like feUSD/USDXL and feUSD/HYPE often enjoy partnership ecosystem point bonuses.

• Monitor multi-protocol integrations
  Felix has integrated with HyperLend and can be used in Mizu's automated yield vaults.
  Using feUSD across multiple protocols may unlock stacked incentives.

Felix is a clean strategy for putting idle HYPE to work, allowing users to enjoy multiple yield paths through protocol rewards, liquidation dividends, and ecosystem point distributions.

1. Mizu Labs – Automated HyperEVM Mining Tools

@MizuLabs is a yield aggregator in the HyperEVM ecosystem, focusing on automated mining. It offers hypeETH and hypeBTC vaults (bridged and wrapped ETH/BTC liquidity tokens) and deploys these assets to high-yield protocols like HyperLend, HypurrFi, Felix, and Harmonix.

This protocol is ideal for users who want to participate in HyperEVM mining without frequently rotating funds or manually tracking points. Mizu optimizes yields, accumulates points, and consolidates rewards automatically through unified vaults.

Mining Strategy

• Deposit ETH or BTC → Receive hypeETH or hypeBTC
  Mizu provides guided bridging and wrapping processes; native assets must be converted to hypeETH/hypeBTC to enter vaults.

• Stake hypeETH or hypeBTC in Mizu vaults
  Mizu automatically deploys assets across multiple protocols to maximize yields and point acquisition.

• Earn stacked rewards
  Mizu vaults can simultaneously enjoy rewards from up to eight protocols, including Hyperbeat, Harmonix, HypurrFi, Timeswap, and HyperLend. Royco Markets also reserves 1–2% of various token distributions for Mizu users.

Mizu is a passive mining strategy for ETH/BTC holders, offering easy access to HyperEVM with multi-protocol stacked yields and minimal operation.

1. Drip.Trade – Native NFT Marketplace + Future Airdrop Potential

@drip__trade is the primary NFT marketplace on HyperEVM, hosting local collections tied to point bonuses, airdrops, and whitelists, such as @HypioHL, MechaCats, and @HypersonHL. Most NFT projects on HyperEVM launch here or use Drip for secondary liquidity trading.

While no official token has launched yet, the site already has a "rewards" tab, and multiple collections have hinted that active users and holders will receive future airdrops.

Mining Strategy

• Purchase and hold key collections
  Start with Hypios (used for HyperLend bonuses), MechaCats (for KittenSwap multipliers and 3% of the $KITTEN supply), and Hypers (Drip's flagship project). These collections historically secure whitelist spots and token allocations from partner protocols.

• Stay active
  Trade, list, and delist regularly, as market activity may influence future airdrop eligibility.

1. Hyperbeat - @0xhyperbeat

@0xHyperBeat, a validator and ecosystem fund, focuses on staking, yield, and long-term engagement with Hyperliquid. Through vault deployments, it offers exposure to multiple projects and rewards users with Hearts (points), potentially leading to future token allocations.

As a way to enter early HyperEVM protocols without frequently rotating funds, HyperBeat simplifies the mining process.

Mining Strategy

• Stake HYPE with HyperBeat's validator
  Accumulate Hearts over time, with rewards based on weekly snapshots.

• Deposit into vaults via Royco Markets
  Choose from:

  • HyperETH vault for ETH → Exposure to 15+ partner protocol tokens

  • HyperBTC vault for BTC

  • HyperUSD vault for stablecoins (over $11M TVL)

• Earn stacked rewards
  One deposit earns Hearts and points from partner protocols like HyperLend, HypurrFi, Harmonix, Timeswap, and Silhouette.

• No active mining required
  Funds are automatically routed, and rewards track new protocols as they join.

Hyperbeat is a passive mining method combining validator staking and multi-protocol vaults, allowing users to mine on HyperEVM with a single setup.

1. HyperSwap – Low-Slippage DEX with Deep Ecosystem Integration - @hyperswapx

@HyperSwapX, a low-slippage AMM on HyperEVM, positions itself as a lightweight, streamlined alternative to KittenSwap, optimized for fast execution, low-TVL mining, and ecosystem partner activities.

The protocol's active points program distributes 2.5 million points over 5 weeks (500,000 points weekly), allocated through usage, LP provision, and integration with 20+ partner protocols. Weekly snapshots occur at 10 PM PST on Sundays.

Mining Strategy

• Provide liquidity and stake LP tokens
  Add liquidity on HyperSwap and stake LP tokens directly. Points are distributed based on pool size, duration, and trading volume, with longer staking periods yielding larger shares.

• Trade regularly
  Trade weekly on HyperSwap, especially in partner token pools, to earn activity-based points.

• Mine ecosystem pools
  Certain pairs offer extra rewards: USDXL, feUSD, KEI, LHYPE, stHYPE, uBTC/uETH. Providing liquidity to these pools earns points from both HyperSwap and partner protocols.

• Earn stacking bonuses via holdings
  Users holding Hypio NFTs, Buddy tokens, CatCabal, PiP, etc., can earn points weekly if active on HyperSwap.

• Referral system
  Invite new users to earn 10% of the points they generate through their trades and LP provision.

HyperSwap is ideal for small LPs and cross-protocol farmers. Its usage-based reward mechanism, devoid of NFTs or veToken mechanics, maintains simplicity and scalability.

1. Looped HYPE - @looped_hype

@Looped_HYPE wraps $HYPE into LHYPE, a rebasing token designed for passive leverage without liquidations or fee tracking. It earns enhanced staking yields and integrates with top protocols on HyperEVM. Looped HYPE also launched a structured early-user program allocating 7% of its total token supply to those minting and holding LHYPE, supporting its use in DeFi positions.

Mining Strategy

• Mint LHYPE on the official website, avoiding exchanges. Only direct minters or those using supported integrations qualify for the early-user program.

• Participate in Phase 2 (live now)
  Quota: 3% of total token supply
  Limit: 2M HYPE
  Hold LHYPE ≥8 weeks
  Hold LHYPE in: Native wallets, AMM pools (KittenSwap, HyperSwap, Laminar), or lending protocols (Felix, Timeswap).

• Provide LHYPE liquidity in the ecosystem
  @KittenswapHype concentrated pools offer 20x multiplier rewards. HyperSwap includes LHYPE in its points program. Holding LHYPE also counts toward activity in Mizu, Harmonix, and HypurrFi.

• No active management required
  Once deployed into DeFi, LHYPE continues rebasing and auto-mines across layers.

**HYPEStaking∗∗StakingHYPE on Hyperliquid is a low-effort way to earn yields and potentially qualify for future airdrops from Hyperliquid and its partner protocols. Validators like HypurrCollective x Nansen have already secured multiple airdrops for their stakers, including:

• SENT (SENTIIENTAI) – 2120K allocated

• TIME (TIMESWAP) – 0.5 100K

These airdrops are typically tiered based on staked amounts.

Staking Strategy

• Access the Hyperliquid staking page

• Transfer $HYPE from your spot account to your staking account

• Delegate to a validator (e.g., HypurrCollective x Nansen)

• Earn staking rewards and unlock airdrop eligibility

If you're not participating in active mining, this is the simplest way to stay engaged and earn rewards through holding.

Conclusion & Reflections
This guide covers existing and relevant core protocols within the Hyperliquid ecosystem but is far from exhaustive. Dozens of new protocols are currently building on HyperEVM, many showing promise, and others still finding their footing. Due to space constraints, we've focused on those with active rewards and meaningful progress. However, this momentum is rapidly spreading.

The most lucrative airdrops often don't announce themselves loudly. Hyperliquid has already demonstrated its commitment to early users through one of the largest token allocations to date.

Now, the entire ecosystem around HyperEVM looks poised to follow a similar trajectory.

There's ample reason to assert that early activity within the HyperEVM ecosystem is currently significantly undervalued relative to its future potential. The protocols mentioned in this guide represent core infrastructure that could become significant DeFi environments, and early participants are likely to receive substantial token allocations.

For those who missed the first Hyperliquid airdrop, the emerging ecosystem offers a rare second chance, this time with clearer direction on which activities matter most.

This guide delves into the evolving mining strategies within the HyperEVM ecosystem, including their development trajectory, who is most likely to earn rewards, and how to position yourself during this early phase.

The following content has been reorganized for clarity:

Unless you've been completely disconnected from the crypto sphere, you've likely noticed: Hyperliquid is everywhere. It's one of the few projects that executed its TGE strategy flawlessly, not only generating substantial wealth but also sustaining ecosystem growth momentum.

While most traders focus on the perpetual futures layer—which has indeed found product-market fit and cultivated one of the most active "believer communities" in crypto—the expanding application layer around HyperEVM often goes overlooked. Yet, it's here that the real opportunities lie.

Castle has already covered the core of Hyperliquid in this analysis:

Hyperliquid Ecosystem Mining Guide

This guide delves into the evolving mining strategies within the HyperEVM ecosystem, including their development trajectory, who is most likely to earn rewards, and how to position yourself during this early phase.

What Happened and What's Next?
@hyperliquidx's inaugural airdrop in November 2024 was historic, distributing 31% of its total token supply to over 90,000 users. With a token launch price of 3.20andapeakof34, the airdrop peaked at over $10.5 billion in value, making it one of the largest wealth transfers in crypto history.

Current opportunities are vast and still in their infancy. HyperEVM is live, core protocols are operational, and various point systems are incentivizing user behavior.

Ecosystem liquidity remains thin, often the best time to capture the most gains. Hyperliquid has distributed 31% of its total supply, with 39% still unallocated. At current valuations, this means nearly 4billioninHYPE could be distributed to future participants.

This isn't just about $HYPE itself. Native protocols like @KittenswapHype, @HyperLendx, and @HypurrFi are conducting their own point campaigns, offering rewards now that could stack with future ecosystem incentives.

The market hasn't fully caught on yet. Overall participation remains low, attention is fragmented, and few are precisely positioned. If this cycle mirrors the last, the earliest and most active participants will reap the greatest rewards.

So, Who's Most Likely to Benefit Next?

Judging from Hyperliquid's history and current state, several key groups stand out:

• Perpetual futures traders maintaining consistent volume and activity.

• Users holding Hyperliquid-native NFTs.

• "Protocol farmers" engaging in HyperEVM activities (lending, providing liquidity, borrowing, etc.).

Considering these, here are the top 10 mining opportunities within the Hyperliquid ecosystem:

Hyperliquid Ecosystem Mining Guide

1. KittenSwap – ve(3,3) Model DEX for HyperEVM - @kittenswaphype

KittenSwap is the primary DeX on HyperEVM, adopting a ve(3,3) model akin to Velodrome and Solidly. It supports stablecoin and volatile token pairs, rewarding long-term users through fee sharing, point programs, and governance mechanisms.

As the DEX with the highest volume and TVL in the ecosystem, KittenSwap is a central hub for HyperEVM liquidity. Many new protocols choose to launch tokens or create stablecoin pairs here.

KittenSwap recently introduced concentrated liquidity pools, allowing custom price ranges and temporarily boosting point multipliers. Some pairs now offer up to 20x point rewards (e.g., LHYPE/HYPE and USDXL/HYPE), with standard pools offering reduced multipliers. This suggests the protocol will increasingly favor concentrated liquidity.

Mining Strategy

• Add liquidity to high-yield pools—focus on those with high multipliers like PURR/HYPE, LHYPE/HYPE, and USDXL. Avoid pools with excessive TVL and diluted rewards.

• Stake LP tokens to earn points—after adding liquidity, stake LP tokens on KittenSwap to accumulate points. Points update weekly and determine your share in future token distributions.

• Boost earnings with MechaCats NFTs—holders receive point multipliers:

  • 1–9 NFTs = 1.25x

  • 100–199 NFTs = 1.4x

  • 500+ NFTs = 1.5x

MechaCats holders will also secure 3% of the veKITTEN supply upon token launch.

1. HypurrFi – Leveraged Lending & Stablecoin Yield - @hypurrfi

@HypurrFi is a leveraged lending platform on HyperEVM and the issuer of the native over-collateralized stablecoin USDXL. Users can borrow USDXL by staking $HYPE or stHYPE while continuing to earn interest on their collateral.

The protocol invests its revenue in tokenized U.S. Treasury reserves to enhance USDXL's long-term stability and asset backing.

Mining Strategy

• Deposit $HYPE → Borrow USDXL
  The simplest mining method: retain exposure to HYPE while freeing up USDXL for other yield opportunities.

• Add borrowed USDXL to liquidity pools
  Pair it with HYPE, LHYPE, or feUSD on KittenSwap or HyperSwap for high-multiplier point rewards.

• Hold or lend USDXL
  Simply holding or lending USDXL may also qualify for future protocol or ecosystem rewards.

According to HypurrFi, early users often receive optimal rewards, even if points aren't immediately visible. The platform tracks user actions behind the scenes, including lending, adding liquidity, or transferring USDXL, all of which may participate in multiple incentive campaigns.

The points system is now live and regularly updated, making it one of the simplest mining strategies on HyperEVM.

1. HyperLend – Lending Infrastructure with Active Points System - @hyperlendx

@HyperLendx is the primary lending protocol on HyperEVM, supporting core assets like HYPE, stHYPE, LHYPE, and USDXL. It's not just a standalone money market but also provides liquidity infrastructure for other protocols, including @Harmonixfi, @Mizulabs, and @Felixprotocol, throughout the ecosystem.

The public points program launched on April 7, 2025, featuring weekly rewards and an XP-based compounding system.

Points are tied to lending, daily active behavior, and social referrals, automatically displayed in wallet dashboards without manual claiming.

Mining Strategy

• Deposit assets early
  Stake HYPE, LHYPE, or USDXL as soon as a new cycle begins.
  The protocol has a TVL cap; the later you enter, the more points diminish.

• Lend to increase point weight
  Lending boosts reward weight, even with small positions.
  Use HYPE or LHYPE as collateral to borrow stablecoins while retaining spot exposure.

• Enable daily XP loops
  Claim XP daily when holding ≥100 points and staking ≥$50 in assets.
  XP compounds over a week, eventually converting to additional points.

• Activate all available bonuses
  Testnet participants receive permanent point multipliers.
  Holders of @HypioHL NFTs receive extra points (NFTs with HyperLend traits offer higher bonuses).
  The social referral system spans 13 layers, offering extra points based on referrer performance.

• Stack rewards from other protocols
  Add USDXL or LHYPE borrowed from HyperLend to @KittenSwaphype or @HypurrFi for multi-protocol point stacking. Alternatively, stake newly launched uBTC to earn both HyperLend points and rewards from HyperUnit.

HyperLend is a "set-and-observe" strategy requiring low-frequency operation once configured. The main tasks are timing entries well, claiming XP daily, and occasionally rebalancing as rewards shift.

1. Felix Protocol – Stablecoin Yield + Liquidation Mining - @felixprotocol

@Felixprotocol is HyperEVM's first native stablecoin protocol, allowing users to mint feUSD by staking HYPE. It offers two primary yield paths: staking feUSD in stability pools for liquidation rewards or using feUSD in various liquidity pools to earn extra points.

As a foundational DeFi module, Felix helps users leverage, take risks, and move funds between lending protocols and DEXs. Its points program officially launches on April 13, 2025, at 12:00 PM UTC.

Mining Strategy

• Stake HYPE → Mint feUSD
  feUSD is an over-collateralized stablecoin designed for ecosystem-wide use.

• Stake feUSD in stability pools
  These pools underpin the liquidation mechanism.
  When positions are liquidated, participants acquire HYPE at a discount and share in protocol revenue.

• Add liquidity on KittenSwap or HyperSwap
  Pairs like feUSD/USDXL and feUSD/HYPE often enjoy partnership ecosystem point bonuses.

• Monitor multi-protocol integrations
  Felix has integrated with HyperLend and can be used in Mizu's automated yield vaults.
  Using feUSD across multiple protocols may unlock stacked incentives.

Felix is a clean strategy for putting idle HYPE to work, allowing users to enjoy multiple yield paths through protocol rewards, liquidation dividends, and ecosystem point distributions.

1. Mizu Labs – Automated HyperEVM Mining Tools

@MizuLabs is a yield aggregator in the HyperEVM ecosystem, focusing on automated mining. It offers hypeETH and hypeBTC vaults (bridged and wrapped ETH/BTC liquidity tokens) and deploys these assets to high-yield protocols like HyperLend, HypurrFi, Felix, and Harmonix.

This protocol is ideal for users who want to participate in HyperEVM mining without frequently rotating funds or manually tracking points. Mizu optimizes yields, accumulates points, and consolidates rewards automatically through unified vaults.

Mining Strategy

• Deposit ETH or BTC → Receive hypeETH or hypeBTC
  Mizu provides guided bridging and wrapping processes; native assets must be converted to hypeETH/hypeBTC to enter vaults.

• Stake hypeETH or hypeBTC in Mizu vaults
  Mizu automatically deploys assets across multiple protocols to maximize yields and point acquisition.

• Earn stacked rewards
  Mizu vaults can simultaneously enjoy rewards from up to eight protocols, including Hyperbeat, Harmonix, HypurrFi, Timeswap, and HyperLend. Royco Markets also reserves 1–2% of various token distributions for Mizu users.

Mizu is a passive mining strategy for ETH/BTC holders, offering easy access to HyperEVM with multi-protocol stacked yields and minimal operation.

1. Drip.Trade – Native NFT Marketplace + Future Airdrop Potential

@drip__trade is the primary NFT marketplace on HyperEVM, hosting local collections tied to point bonuses, airdrops, and whitelists, such as @HypioHL, MechaCats, and @HypersonHL. Most NFT projects on HyperEVM launch here or use Drip for secondary liquidity trading.

While no official token has launched yet, the site already has a "rewards" tab, and multiple collections have hinted that active users and holders will receive future airdrops.

Mining Strategy

• Purchase and hold key collections
  Start with Hypios (used for HyperLend bonuses), MechaCats (for KittenSwap multipliers and 3% of the $KITTEN supply), and Hypers (Drip's flagship project). These collections historically secure whitelist spots and token allocations from partner protocols.

• Stay active
  Trade, list, and delist regularly, as market activity may influence future airdrop eligibility.

1. Hyperbeat - @0xhyperbeat

@0xHyperBeat, a validator and ecosystem fund, focuses on staking, yield, and long-term engagement with Hyperliquid. Through vault deployments, it offers exposure to multiple projects and rewards users with Hearts (points), potentially leading to future token allocations.

As a way to enter early HyperEVM protocols without frequently rotating funds, HyperBeat simplifies the mining process.

Mining Strategy

• Stake HYPE with HyperBeat's validator
  Accumulate Hearts over time, with rewards based on weekly snapshots.

• Deposit into vaults via Royco Markets
  Choose from:

  • HyperETH vault for ETH → Exposure to 15+ partner protocol tokens

  • HyperBTC vault for BTC

  • HyperUSD vault for stablecoins (over $11M TVL)

• Earn stacked rewards
  One deposit earns Hearts and points from partner protocols like HyperLend, HypurrFi, Harmonix, Timeswap, and Silhouette.

• No active mining required
  Funds are automatically routed, and rewards track new protocols as they join.

Hyperbeat is a passive mining method combining validator staking and multi-protocol vaults, allowing users to mine on HyperEVM with a single setup.

1. HyperSwap – Low-Slippage DEX with Deep Ecosystem Integration - @hyperswapx

@HyperSwapX, a low-slippage AMM on HyperEVM, positions itself as a lightweight, streamlined alternative to KittenSwap, optimized for fast execution, low-TVL mining, and ecosystem partner activities.

The protocol's active points program distributes 2.5 million points over 5 weeks (500,000 points weekly), allocated through usage, LP provision, and integration with 20+ partner protocols. Weekly snapshots occur at 10 PM PST on Sundays.

Mining Strategy

• Provide liquidity and stake LP tokens
  Add liquidity on HyperSwap and stake LP tokens directly. Points are distributed based on pool size, duration, and trading volume, with longer staking periods yielding larger shares.

• Trade regularly
  Trade weekly on HyperSwap, especially in partner token pools, to earn activity-based points.

• Mine ecosystem pools
  Certain pairs offer extra rewards: USDXL, feUSD, KEI, LHYPE, stHYPE, uBTC/uETH. Providing liquidity to these pools earns points from both HyperSwap and partner protocols.

• Earn stacking bonuses via holdings
  Users holding Hypio NFTs, Buddy tokens, CatCabal, PiP, etc., can earn points weekly if active on HyperSwap.

• Referral system
  Invite new users to earn 10% of the points they generate through their trades and LP provision.

HyperSwap is ideal for small LPs and cross-protocol farmers. Its usage-based reward mechanism, devoid of NFTs or veToken mechanics, maintains simplicity and scalability.

1. Looped HYPE - @looped_hype

@Looped_HYPE wraps $HYPE into LHYPE, a rebasing token designed for passive leverage without liquidations or fee tracking. It earns enhanced staking yields and integrates with top protocols on HyperEVM. Looped HYPE also launched a structured early-user program allocating 7% of its total token supply to those minting and holding LHYPE, supporting its use in DeFi positions.

Mining Strategy

• Mint LHYPE on the official website, avoiding exchanges. Only direct minters or those using supported integrations qualify for the early-user program.

• Participate in Phase 2 (live now)
  Quota: 3% of total token supply
  Limit: 2M HYPE
  Hold LHYPE ≥8 weeks
  Hold LHYPE in: Native wallets, AMM pools (KittenSwap, HyperSwap, Laminar), or lending protocols (Felix, Timeswap).

• Provide LHYPE liquidity in the ecosystem
  @KittenswapHype concentrated pools offer 20x multiplier rewards. HyperSwap includes LHYPE in its points program. Holding LHYPE also counts toward activity in Mizu, Harmonix, and HypurrFi.

• No active management required
  Once deployed into DeFi, LHYPE continues rebasing and auto-mines across layers.

**HYPEStaking∗∗StakingHYPE on Hyperliquid is a low-effort way to earn yields and potentially qualify for future airdrops from Hyperliquid and its partner protocols. Validators like HypurrCollective x Nansen have already secured multiple airdrops for their stakers, including:

• SENT (SENTIIENTAI) – 2120K allocated

• TIME (TIMESWAP) – 0.5 100K

These airdrops are typically tiered based on staked amounts.

Staking Strategy

• Access the Hyperliquid staking page

• Transfer $HYPE from your spot account to your staking account

• Delegate to a validator (e.g., HypurrCollective x Nansen)

• Earn staking rewards and unlock airdrop eligibility

If you're not participating in active mining, this is the simplest way to stay engaged and earn rewards through holding.

Conclusion & Reflections
This guide covers existing and relevant core protocols within the Hyperliquid ecosystem but is far from exhaustive. Dozens of new protocols are currently building on HyperEVM, many showing promise, and others still finding their footing. Due to space constraints, we've focused on those with active rewards and meaningful progress. However, this momentum is rapidly spreading.

The most lucrative airdrops often don't announce themselves loudly. Hyperliquid has already demonstrated its commitment to early users through one of the largest token allocations to date.

Now, the entire ecosystem around HyperEVM looks poised to follow a similar trajectory.

There's ample reason to assert that early activity within the HyperEVM ecosystem is currently significantly undervalued relative to its future potential. The protocols mentioned in this guide represent core infrastructure that could become significant DeFi environments, and early participants are likely to receive substantial token allocations.

For those who missed the first Hyperliquid airdrop, the emerging ecosystem offers a rare second chance, this time with clearer direction on which activities matter most.