This article highlights the most popular projects within the Hyperliquid ecosystem, analyzing potential opportunities for early adopters.
HyperSwap: The Leading DEX on Hyperliquid
HyperSwap is the native decentralized exchange (DEX) of the Hyperliquid ecosystem, boasting:
- TVL: ~$80M
- Daily Trading Volume: $50M–$60M
Key Features:
- Seamless integration with HyperEVM
- Permissionless trading tools
- Ongoing loyalty rewards program
How to Participate:
- Provide liquidity to earn HyperSwap Points
- Accumulate Loyalty Points for potential airdrops
KittenSwap: Another Top-Tier DEX
KittenSwap is a major player in the Hyperliquid DEX space, with:
- TVL: Over $30M
- Daily Volume: $10M–$20M
Recent Updates:
- Increased token airdrop allocation from 30% to 35%
- Future point-based campaigns expected
Unit: Cross-Chain Interoperability
Unit facilitates seamless asset transfers between Hyperliquid and other blockchains, supporting:
- BTC, ETH, SOL, FARTCOIN
Use Cases:
- Deposit assets directly into Hyperliquid
- Trade on Hyperliquid’s spot orderbook
- Withdraw to native chains
Rumored Token Launch: Expected in the coming months.
Felix: Advanced DeFi Protocol
Felix offers two core modules:
1. CDP Market
- Borrow feUSD (stablecoin) by collateralizing assets (e.g., BTC, HYPE)
- Earn points through feUSD minting
2. Vanilla Market
- Dynamic interest rates based on market demand
Current Incentives:
- Deposit feUSD into stability pools for bonus rewards
HypurrFi: DeFi Lending & Stablecoin Solutions
HypurrFi specializes in:
- USDXL borrowing (16.18% APY)
- Leveraged yield farming
Participation Methods:
- Collateralize HYPE to borrow USDXL
- Deposit USDXL into vaults for passive income
- Engage in cross-chain interactions
HyperLend: Hyperliquid’s Premier Lending Protocol
With $300M+ TVL, HyperLend dominates HyperEVM’s lending sector.
Ways to Earn:
- Deposit BTC, ETH, HYPE for yield
- Invite friends for referral bonuses
Drip.Trade: NFT Marketplace
Hyperliquid’s go-to platform for NFTs:
- Primary & Secondary Sales
- Hypers NFT Collection (Floor: 4.6 HYPE)
Strategies:
- Trade NFTs for volume-based rewards
- Hold Hypers NFTs for potential airdrops
FAQs
1. How do I earn points on HyperSwap?
By providing liquidity or holding assets long-term.
2. Is KittenSwap’s point system still active?
The initial campaign ended, but new incentives may launch soon.
3. When will Unit’s token launch?
No official date, but speculation points to Q3–Q4 2024.
4. What’s the APY for USDXL loans on HypurrFi?
Currently 16.18%.