Perp DEX Airdrop Calendar 2026
Track every perpetual DEX airdrop in one place — which points programs are still farmable right now, which tokens have an upcoming TGE, and which have already launched. Live FDV estimates come from Polymarket consensus; dates are curated and verified.
Dates marked “estimated” are best-effort projections — always confirm on the venue’s official channels before a snapshot.
Farmable Now
Points programs actively running — start farming before the snapshot to qualify for the airdrop.
Reya Network (ex-Voltz perp L2) keeps farming weekly Reya Chain Points with ~45% of REYA earmarked for community; the previously estimated Q4 2025 / early 2026 TGE did not happen and no new date is set.
- Season
- Reya Chain Points
- TGE
- Nov 1, 2025(rumored)
- Airdrop %
- 45%
- Est. FDV
- $118M
Nado is a spot+perp CLOB DEX on Kraken's Ink L2. Season 2 is now open to everyone (the invite requirement is gone) and carries over Season 1 balances, trader tiers and NFT multipliers, with weekly Friday distributions. Note the token is not Nado's own: points are expected to convert to the Ink chain's $INK at a TGE still stated as Q3 2026, and neither the conversion rate nor the distribution date is finalised.
- Season
- Season 2
- TGE
- Aug 1, 2026(estimated)
- Est. FDV
- $200M
Hibachi (ZK privacy perp DEX) keeps farming via its weekly Playoffs season; the team confirmed the $HEAT ticker and a roadmap of FX perps → Arc → TGE, but no date, tokenomics or allocation yet.
- Season
- Points Active
- TGE
- Nov 1, 2026(estimated)
- Airdrop %
- 20%
- Est. FDV
- $300M
Variational (RFQ-based Omni perp DEX) farms Omni Points since 17 Dec 2025, and its own docs commit to ending distributions no later than the end of Q3 2026 — the one hard date here. ~50% of supply is committed to community and a $50M Dragonfly-led Series A (Jul 2026) fuels TGE talk, but the project has announced neither a date nor a ticker: "$VAR" appears only in third-party trackers.
- Season
- Omni Points
- TGE
- Nov 1, 2026(estimated)
- Airdrop %
- 50%
- Est. FDV
- $1.7B
RISEx officially launched the "Ignite: Season 1" points program on 24 Jul 2026 (200k points weekly, first drop 28 Jul) after $3B volume in invite-only beta; the RISE Chain token and TGE date remain unannounced, with Ignite running until at most Q2 2027.
- Season
- Ignite S1
- TGE
- May 1, 2027(estimated)
- Est. FDV
- no consensus market yet
- Season
- Pre-points (retroactive)
- TGE
- TBA(rumored)
- Est. FDV
- no consensus market yet
Bullpen is a unified trading terminal (co-founded by Ansem) routing perps to Hyperliquid and Solana tokens to Jupiter; its points program has run since May 2025 (now Season 3, ~70M of 100M points left) with the $BULL ticker reserved on Hyperliquid, no token confirmed.
- Season
- Season 3
- TGE
- TBD(rumored)
- Est. FDV
- $150M
Dreamcash is a Tether-backed mobile-first HIP-3 perp app on Hyperliquid; Season 1 awards XP plus weekly USDT to CASH HIP-3 traders, no token confirmed.
- Season
- Season 1
- TGE
- TBD(rumored)
- Est. FDV
- $68M
Extended still runs weekly points farming on StarkNet; the originally expected H1 2026 TGE did not happen and no new date or ticker is confirmed — a points Season 2 is expected before launch.
- Season
- Points Program
- TGE
- TBA (H1 2026 target missed)(rumored)
- Est. FDV
- $407M
HyENA is a USDe-margined HIP-3 perp DEX on Hyperliquid (Ethena-integrated, mainnet 9 Dec 2025) distributing weekly points that convert into Ethena Points.
- TGE
- TBD (converts to Ethena Points)(rumored)
- Est. FDV
- $150M
Robinhood Wallet and Lighter launched a 2x points programme for perpetual futures traders on 2026-08-10, part of an allocation of roughly $11M in LIT to the Robinhood community. Points accrue in real time on eligible volume with a weekly drop each Friday (first on 2026-08-21), earning 2x through Robinhood Wallet and 1x via the Lighter web app. The programme is not available in the US, UK, Canada and other restricted regions.
- Season
- Robinhood Points (2x)
- TGE
- TBA(estimated)
- Est. FDV
- no consensus market yet
Rebranded from Ethereal to Meridian around May 2026: it left its Ethena-native positioning to launch on Robinhood Chain and now focuses on RWA perps and prediction markets, still settled in USDe. Points carried over, no token has launched and no TGE date is announced; the commitment of 15% of supply to ENA stakers still stands.
- Season
- Meridian Points
- TGE
- TBA(rumored)
- Airdrop %
- 15%
- Est. FDV
- $176M
N1 (formerly 01.xyz) runs an invite-only points-farming program on the N1 chain since its 3 Feb 2026 mainnet, with no token or airdrop yet confirmed.
- Season
- Pre-points (retroactive)
- TGE
- TBA(rumored)
- Est. FDV
- $150M
Pacifica remains pre-TGE, running a Solana points program since 4 Sep 2025 with no token or TGE date announced.
- Season
- Points Program
- TGE
- TBA(rumored)
- Est. FDV
- $112M
Perpl is a Monad CLOB perp DEX running Season 1 points farming from 10 Jun 2026, with no token or airdrop date confirmed.
- Season
- Points Season One
- TGE
- TBD(rumored)
- Est. FDV
- $300M
StandX is a multi-chain orderbook perp DEX built around the yield-bearing DUSD stablecoin; active points program, governance token still pre-TGE.
- Season
- Mainnet Campaign
- Est. FDV
- $621M
TxFlow is a perp DEX on its own L1 (mainnet since late Mar 2026, ~160 markets, up to 50x). No points program has launched yet — the docs have no points page at all — but the venue states early trading volume is recorded retroactively toward an upcoming one. Live prize-pool tournaments (Trader Royale I/II, up to $20,000) pay Fee Credits rather than points. The team claims no investor token allocation; no ticker and no TGE date have been announced, so any "TXFLOW" ticker seen on third-party aggregators does not come from the project.
- Season
- Pre-points (retroactive)
- TGE
- TBA(rumored)
- Est. FDV
- no consensus market yet
Completed
Tokens already launched and airdrops distributed — kept for reference and precedent.
$GRVT launched on schedule 30 Jul 2026 13:00 UTC and trades on KuCoin, Bitget, Bybit, MEXC, Binance Alpha and Coinbase. The 280M-token airdrop (100M Season 1 + 180M Season 2) is released in tranches over 12 months; the 6 Aug 2026 claim-registration deadline has passed, so unregistered users must claim each tranche manually within 30 days of its release.
- Season
- Airdrop S1 + S2
- Snapshot
- Jun 30, 2026
- TGE
- Jul 30, 2026(confirmed)
- Airdrop %
- 28%
- Est. FDV
- no consensus market yet
edgeX completed its EDGE token TGE on 31 Mar 2026 (migrated to EDGE Chain), airdropping 25% of the 1B supply to points and NFT holders.
- Season
- Pre-TGE Season
- TGE
- Mar 31, 2026(confirmed)
- Airdrop %
- 25%
- Est. FDV
- no consensus market yet
Backpack launched its BP token on Solana on 23 Mar 2026, airdropping 25% of the 1B supply with no insider allocation.
- TGE
- Mar 23, 2026(confirmed)
- Airdrop %
- 25%
- Est. FDV
- no consensus market yet
Paradex launched its DIME token via a Genesis Airdrop on 5 Mar 2026, with 25% of supply distributed to XP holders.
- Season
- XP Season 3
- TGE
- Mar 5, 2026(confirmed)
- Airdrop %
- 25%
- Est. FDV
- no consensus market yet
LIT launched on 30 Dec 2025, distributing 25% of supply directly to Points Season 1 and 2 holders with no claim or vesting.
- Season
- Robinhood Points
- TGE
- Dec 30, 2025(confirmed)
- Airdrop %
- 25%
- Est. FDV
- no consensus market yet
ASTER launched as a BEP-20 token on 17 Sep 2025 with 53.5% of supply earmarked for community and airdrops.
- TGE
- Sep 17, 2025(confirmed)
- Airdrop %
- 53.5%
- Est. FDV
- no consensus market yet
HYPE launched on 29 Nov 2024 with a 310M-token airdrop (31% of supply) to over 90,000 early users — the largest perp-DEX airdrop precedent.
- TGE
- Nov 29, 2024(confirmed)
- Airdrop %
- 31%
- Est. FDV
- no consensus market yet
Orderly launched its ORDER token on 26 Aug 2024, with 'Road to the Order' Merits claimable as an airdrop afterward.
- TGE
- Aug 26, 2024(confirmed)
- Est. FDV
- no consensus market yet
APEX is a long-lived ERC-20 token on Arbitrum, fully unlocked as of 2026, with staking, governance and buyback-and-burn.
- TGE
- 2021(confirmed)
- Est. FDV
- no consensus market yet
DYDX has been live for years and now runs on the dYdX Chain (v4), with most supply unlocked as of 2026.
- TGE
- 2021(confirmed)
- Est. FDV
- no consensus market yet
How this calendar works
- •Live FDV figures are pulled hourly from Polymarket prediction-market consensus on each token’s fully-diluted valuation after launch — not our guesses.
- •Points-program status and native-token data refresh automatically from exchange research and our funding pipelines.
- •Exact TGE and snapshot dates are curated from official venue announcements (sources linked per row) and re-verified weekly; venues whose TGE has passed move to Completed automatically.
- •We never invent per-user payouts — use the Points Calculator to estimate what your points are worth.
Frequently asked questions
Which perp DEX airdrops can I still farm in 2026?
The “Farmable Now” section above lists every perpetual DEX with an active points program you can still earn before its snapshot — including pre-TGE venues like Pacifica, Variational, Ethereal and others. The list updates as programs open and close.
What is a snapshot date and why does it matter?
A snapshot is the moment an exchange records eligible wallets and points balances for its airdrop. Activity after the snapshot usually does not count, so farming before that date is what determines your allocation.
How is the estimated FDV calculated?
Estimated FDV reflects the Polymarket prediction-market consensus on each token’s fully-diluted valuation shortly after launch, computed from live market probabilities. It refreshes hourly and is a market estimate, not a guarantee.
How do I estimate the dollar value of my points?
Use the ORBIT Points Calculator: enter your points balance per venue and it multiplies by the consensus FDV and airdrop allocation to estimate a dollar value. The calendar links to it from each farmable venue.
Can I earn funding while farming an airdrop?
Yes — that is the core ORBIT idea (Combined APR). You can run a delta-neutral funding-rate arbitrage position on a venue while simultaneously farming its points. Open the screener from any farmable row to see live spreads.