Hyperliquid was one of the best-performing alts of the 2025 bull run. While the perps DEX started off with little fanfare, following the token launch in November 2024, and what is now widely considered to be the most profitable airdrop in the history of crypto, there are plenty of traders and investors who have interacted with the DEX and the EVM over the last 18 months who are desperate for another airdrop.
However, as Jeff Yan and his team focus their efforts on much bigger ideas, such as 24/7 S&P 500 trading, oil markets, and HIP-4 prediction updates, is the idea of another airdrop a pipedream, or could it be the catalyst that helps give HYPE yet another factor that sets it further ahead of its competitors like Aster and dYdX?