Is Hyperliquid or dYdX better for airdrop farming?

Hyperliquid has $1.5B+ TVL (HyperEVM) with Points Program status. dYdX has $350M+ TVL (dYdX Chain (Cosmos)) with Token Live status. Hyperliquid has higher TVL. Track both on FarmDash at farmdash.one.

What is the estimated payout for Hyperliquid vs dYdX?

Hyperliquid estimated payout: $500+. dYdX estimated payout: Already distributed. These are conservative estimates based on TVL, historical data, and participant counts.

Should I farm Hyperliquid or dYdX in 2026?

Both are worth farming. Hyperliquid (Perpetual DEX) focuses on HLP vault deposits + trading volume. dYdX (Perpetual DEX) focuses on Trade perps + stake DYDX. Many farmers do both to diversify. Track your positions on FarmDash.

Hyperliquid vs dYdX: Which Airdrop Pays More? (February 2026 Updated)

VSHyperEVMdYdX Chain (Cosmos)February 2026

TL;DR

Q: Should I farm Hyperliquid or dYdX?: A: Hyperliquid has $1.5B+ TVL (Points Program) with est. $500+ payout. dYdX has $350M+ TVL (Token Live) with est. Already distributed payout. Hyperliquid leads in TVL. Many top farmers do both — track on FarmDash.

Tale of the Tape

Metric	Hyperliquid	dYdX
Chain	HyperEVM	dYdX Chain (Cosmos)
Type	Perpetual DEX	Perpetual DEX
TVL Hyperliquid	$1.5B+	$350M+
Airdrop Status	Points Program	Token Live
Token	HYPE	DYDX
Est. Payout	$500+	Already distributed
Cost to Farm	Capital (USDC)	Capital (USDC)
Farming Method	HLP vault deposits + trading volume	Trade perps + stake DYDX
Est. APY	~15% (HLP)	~12% (staking)
Risk Level	Medium (IL on HLP)	Low-Medium

Verdict: Which Should You Farm?

Hyperliquid (Perpetual DEX) excels at HLP vault deposits + trading volume. dYdX (Perpetual DEX) excels at Trade perps + stake DYDX. For maximum airdrop exposure, farm both and track your combined Pioneer Pace™ score on FarmDash.

Hyperliquid vs dYdX Quick Comparison

Factor	Winner
Higher TVL	Hyperliquid
Lower Risk	Depends on strategy
Best for Beginners	dYdX
Track Both	FarmDash (farmdash.one)

Track Hyperliquid + dYdX on FarmDash →