Hyperliquid EVM ecosystem Mining multiple earnings are here! Which protocols can still earn Airdrop?

This article introduces several DeFi protocols in the HyperEVM ecosystem, including Felix, Mizu Labs, Drip.Trade, HyperSwap, and others, which offer opportunities such as staking, liquidity mining, and airdrop rewards. By participating in these protocols, users can earn multiple earnings and eco-credits, and potentially receive future token distributions. The HyperEVM ecosystem presents great potential, and early campaigns are undervalued, giving users who missed the first wave of airdrops a second chance. This article originated from an article written by @castle_labs and was compiled, compiled and written by zhouzhou, Block Beats. (Synopsis: Hyperliquid's original sin or "centralization"? On-chain DEX hit the wall problem) (Background supplement: Hyperliquid launched the smart contract chain HyperEVM, which can be used as gas tokens $HYPE, and the price skyrocketed by 6% in a short time) Unless you're completely out of the crypto circle, you've noticed: Hyperliquid is everywhere. This is one of the few projects that accurately executes the TGE strategy, not only creating a lot of wealth, but also allowing the entire ecosystem to continue to maintain growth momentum. While most traders focus on the perpetual contract layer, which does find product-market fit and build one of the most active "believer communities" in crypto, the application layer that is expanding around HyperEVM is often overlooked. And the real opportunity is hidden here. Castle has covered the core of Hyperliquid in this analysis: This guide will dive into the mining gameplay that is taking shape around HyperEVM, including its evolution, who is most likely to receive rewards, and how to get a head start now. What happened and what happens next? @hyperliquidx's first airdrop in November 2024 became a historic event, distributing 31% of its total tokens to over 90,000 users. The token offering price was $3.20 and rose to a maximum of $34. The airdrop was worth over $10.5 billion at its peak, making it one of the largest wealth transfers in crypto history. The opportunity is huge and still in its early stages. HyperEVM is live, core protocols are being enforced, and various points systems are incentivizing user behavior. The liquidity of the entire ecosystem is still thin, and this is often the best time to get the most bang for the buck. Hyperliquid has allocated 31% of the total supply so far, with another 39% still unallocated. At current valuations, that means there's still nearly $4 billion in $HYPE likely to be distributed to future participants. And it's not just about $HYPE itself. Native protocols like @KittenswapHype, @HyperLendx, and @HypurrFi are also conducting their own points campaigns, which can be rewarded now and potentially stacked with future ecological incentives. At present, the market has not fully reacted. Overall engagement is still low, attention is distracted, and not many people can layout accurately. If this cycle unfolds according to the logic of the previous cycle, the earliest and most active participants will reap the greatest rewards. So, who is most likely to benefit next? From the history and current situation of Hyperliquid, there are several key groups worth paying attention to: Perpetual contract traders who maintain stable trading volume and continue to be active Users with Hyperliquid native NFTs "Protocol farmers" who participate in the HyperEVM protocol (lending, providing liquidity, borrowing, etc.) With these in mind, here are the 10 most noteworthy mining opportunities in the current Hyperliquid ecosystem. 1.KittenSwap – ve (3, 3) for HyperEVM DEX – @kittenswaphype KittenSwap is the workhorse DeX on HyperEVM, using vees like Velodrome and Solid (3,3) model. It supports stablecoin and volatility token trading pairs and rewards long-term users through fee dividends, points programs, and governance mechanisms. As the largest DEX in the ecosystem by volume and TVL, KittenSwap is the core hub of HyperEVM liquidity. Many new protocols will choose to launch tokens or establish stablecoin trading pairs here. KittenSwap recently launched a centralized liquidity pool that allows for custom price tiers and temporarily increases the rewards of the points multiplier. Some trading pairs currently earn up to 20x points rewards (such as LHYPE/HYPE and USDXL/HYPE), while the multiples for standard pools are reduced. This suggests that the protocol will be more inclined to support centralized liquidity in the future. Mining strategies Add liquidity to high-yield pools – focusing on pools with high multiples such as PURR/HYPE, LHYPE/HYPE and USDXL. Avoid pools where the total lock-up amount is too high and the reward is diluted. Staking LP tokens to earn points – After adding liquidity, stake LP tokens on KittenSwap to earn points. Points are updated weekly and determine your share in future token offerings. Increase earnings with MechaCats NFTs – Earn a bonus to points by holding MechaCats NFTs: 1–9 NFTs = 1.25 times 100–199 = 1.4 times More than 500 = 1.5 times MechaCats holders will also secure a 3% veKITTEN supply share when the token goes live. 2.HypurrFi – Leveraged Lending & Stablecoin Yield – @hypurrfi @HypurrFi is a leveraged lending platform on HyperEVM and the issuer of the native overcollateralized stablecoin USDXL. Users can lend USDXL by collateralizing $HYPE or stHYPE while still continuing to receive interest on the collateralized assets. The protocol invests its revenue into tokenized U.S. Treasury reserves to enhance USDXL's long-term stability and asset backing. Mining Strategy Deposit $HYPE → Lend USDXL The easiest way to mine: keep a position on HYPE while freeing up USDXL for other earning opportunities. Add loaned USDXL to a liquidity pool Pair it with HYPE, LHYPE or feUSD on KittenSwap or HyperSwap to earn high multiplier point rewards. Holding or lending USDXL is simply holding or lending USDXL, and may also receive future rewards from agreements or ecosystems. According to HypurrFi, early adopters usually get the best rewards, even if points aren't shown at the time. The platform tracks user behavior in the background, including lending, adding liquidity, or transferring US...