Best Perp DEX airdrops to farm

A brand-new Layer 1 ('the blockchain where all finance happens') with a fully on-chain CLOB perp DEX on top - 250K TPS, 200ms finality, and no VCs: community-owned from genesis. Invite-only mainnet, fee cashback live, and the docs already reference a Season 1 points system.

Ansem-co-founded non-custodial trading terminal: perps (via Hyperliquid), Solana spot (via Jupiter) and prediction markets (via Polymarket) in one app. Live $BULL points program (Season 3, weekly). Trading and holding $ANSEM here also feeds the separate ANSEM claim.

A fully on-chain perpetual futures DEX handcrafted for Monad, backed by $9.25M from Dragonfly Capital. Its Purple Summer campaign pays a reward pool of up to $1,000,000 in MON, while the same trades farm a separate Perpl points track toward a likely PERPL token.

A DEX built by the dYdX Labs team and Robinhood Crypto on Robinhood Chain, with a confirmed future token (allocation reserved for the dYdX community). 0%-fee tokenized-stock spot is live; equity and RWA perpetuals up to 50x are behind a waitlist you climb with your past perp trading history.

Ondo Perps is the first 24/7 perpetuals platform for US stocks, ETFs and commodities that lets you use tokenized equities as collateral. Built by Ondo Finance (largest on-chain securities tokenizer). Invite-only Beta; pays a weekly USDC pool by volume share plus a new 5M/week Ondo Points program.

Phoenix is Solana's invite-only, fully on-chain perpetual futures DEX built by Ellipsis Labs ($75B+ on-chain spot volume, $20M funding). Its Flight Club campaign pays 420,000 USDC to traders over 28 days (15,000 USDC daily). No token yet - a strong retroactive-drop prospect while you earn guaranteed USDC now.

Lighter is a top-3 zero-fee ZK perp DEX (a16z + Lightspeed). Its original LIT airdrop paid out Dec 2025 - BUT it now runs a NEW confirmed pool as the default perps venue on Robinhood Chain: ~$11M of LIT in trading incentives, with 2x points via Robinhood Wallet. Still the best zero-fee venue to farm other drops too.

Variational Omni is a perpetual DEX on Arbitrum with a CONFIRMED 50% community allocation of $VAR, allocated by Omni Points (paid every Friday). Live now: a first-come-first-served claim of up to ~3,000 free points for top ~10k onchain traders not yet on Variational - points have traded ~$20 on OTC. Volume tiers boost points up to 5%.

Polymarket Perps is Polymarket's perpetual futures product (separate from its prediction markets): crypto, equities and commodities at up to 10x leverage, inside a CFTC-approved Designated Contract Market. Waitlist-gated, but an invite skips the queue. With the $POLY token + airdrop CONFIRMED, perps are an easier way to build qualifying activity than being right on predictions.

Lighter is the default perpetual futures venue on Robinhood Chain, with roughly $11M of LIT committed as trading incentives - points convert directly into $LIT. Trading via Robinhood Wallet earns 2x points (1x on the web app). Mainnet live since July 2026, TVL $10M+, daily volume still small, so early traders take a large share. Not available in US/UK/CA/CH/UAE/SG.

Katana Perps is the native perp DEX of the Katana chain, launched after Katana acquired IDEX (live March 2026). Season 1 points are live, rewarding organic trading, sustained participation, liquidity contribution and referrals - and it is designed around structural yield rather than inflationary emissions. Supports builder codes.

TrueNorth is the world's first agentic brokerage (desktop + Telegram) and an under-the-radar double-dip: routing trades into Ondo Perps earns Ondo Points (5M weekly pool) plus Ondo's weekly USDC rebate pool, while building a position on TrueNorth itself, which has no token yet. Small leaderboard means a larger share per participant.

Invite-only perp DEX on its own L1 (DracoBFT): trade perps up to 50x, spot, 200+ tokenized RWAs and vaults on one margin account. Live points program (capped, ends by Q3 2026), token unconfirmed. Only ~1,800 users at the first snapshot. Farm its volume the easy way by playing Hyperider.

A perp DEX on BNB Chain and Solana built around DUSD, a native yield-bearing stablecoin that earns a reported ~3.5% APY automatically while it collateralizes your trades, with no staking step. Its SIP-5 makes any asset a permissionless market anyone can list, market-make and earn long-term fees on. Self-funded by ex-Binance Futures and Goldman Sachs people, with a Solana Foundation grant and $176M+ TVL.

The Global Token Exchange by Liquid Labs: CLOB plus AMM plus permissionless token launcher, built on MegaETH and openly gunning for Hyperliquid's seat. $15M Series A led by Paradigm (~$25.9M total with Wintermute and GSR). Relaunched Aug 19 2026 behind a waitlist that passed 60,000 signups in days. No token announced.

Perps on private, pre-IPO companies. Entropy lists live perpetual markets on ANTH (Anthropic), ZHIPU and MINIMAX alongside TSLA, NVDA and commodities, powered by Hyperliquid with Privy email login. No token announced, but it ships a leaderboard, referrals and funding, and it is already integrated with TreadFi so the volume can be automated.

The First RWA Perpetual DEX on Canton Network

Bulk is a CEX-grade perpetual DEX on Solana (sub-20ms latency, portfolio margin), $8M from Robot Ventures, 6th Man, Wintermute and Anatoly Yakovenko. Farm AURA (1M/week until mainnet) via a fully-withdrawable USDC pre-deposit, BulkSOL staking, and the Exponent YT trick that concentrates points per dollar.

Liquid is a non-custodial perp DEX aggregator (Hyperliquid, Lighter, Ostium) in a mobile-first app with cross-platform position management, yield vaults, analytics and automated risk tools. Founded by Franklyn Wang (ex-head of Two Sigma AI), $7.6M from Paradigm and General Catalyst. Points program live, no token announced. Note: no public API yet and not on Arbital/TreadFi, so it is a manual venue for now.

Perp Tools, an AI-powered perpetual trading platform combining advanced automated agents, real-time execution, and on-chain perpetual markets in a single interface.