TL;DR:
- Project X is a DEX and liquidity protocol built on HyperEVM, where users can swap assets and provide liquidity.
- The original Project X points program has been retired; the previous system distributed 1 million points per day for activities such as trading and liquidity provision.
- Project X now uses direct rewards rather than its old points system, with eligible rewards paid in USDC according to current third-party tracking.
- A PRJX token appeared in earlier roadmap information, but no confirmed TGE or launch date has been published.
- Any future PRJX airdrop should therefore be treated as potential rather than guaranteed.
- You can track Project X and other HyperEVM opportunities through Arkada Drop Hunting.
If you're researching the Project X airdrop, one important detail has changed: the old points-farming model is no longer the main incentive system. Project X previously rewarded users with points for activity across the DEX, but that program has since been retired in favor of direct rewards.
That makes Project X different from many potential HyperEVM airdrops where users are still accumulating an undefined score and waiting to see what it may eventually become.
What Is Project X on HyperEVM?
Project X is a decentralized exchange built on HyperEVM, Hyperliquid's EVM-compatible environment. It focuses on spot swaps and liquidity provision within the Hyperliquid ecosystem.
The platform previously promoted fee-free swaps at the aggregator level, liquidity routing through Project X pools, and cross-chain bridging powered by LI.FI. Its routing system was designed to favor Project X liquidity when execution prices were comparable, helping direct more trading activity toward its LPs.
Users can therefore interact with Project X primarily through two core activities: trading and providing liquidity.
What Happened to Project X Points?
Project X originally operated a points program that distributed 1 million points per day. Users could earn points through swaps, providing liquidity, and referrals, while certain wallet connections offered additional boosts.
That system has now been retired. According to the latest available airdrop tracking information, Project X moved away from daily points and began paying eligible rewards directly in USDC, which can be viewed and claimed through the platform's Portfolio section. Referral activity can also contribute to these rewards.
For users who accumulated points under the previous system, any treatment of historical balances should be checked through Project X's official channels rather than assuming a fixed token conversion.
Is There a Confirmed Project X Airdrop?
A future PRJX airdrop remains possible, but its final structure is not confirmed.
Earlier Project X roadmap information referenced a potential PRJX token, including a proposed supply and an allocation associated with an airdrop. However, the latest available information does not provide a confirmed TGE or launch date.
The Hyperliquid ecosystem directory also currently lists Project X as having no token yet.
That distinction matters: current trading and liquidity rewards are live incentives, while a future PRJX token distribution should be treated separately until Project X publishes official token-launch details.
How to Explore Project X
Users interested in Project X can currently focus on its live DEX functionality rather than farming an outdated points program.
- Swap assets: use Project X for eligible HyperEVM trades and review routing before confirming a transaction.
- Provide liquidity: LPs can deposit into supported pools and earn fees generated by trading activity.
- Check direct rewards: eligible users should review the Portfolio section for any current claimable rewards.
- Follow official updates: a future PRJX token or airdrop should only be considered confirmed once the team publishes final tokenomics, eligibility rules, and a TGE schedule.
Providing liquidity can involve impermanent loss and smart-contract risk, while reward structures can change over time, so current conditions should always be checked before committing capital.
Track Project X and Other HyperEVM Opportunities
The HyperEVM ecosystem includes a mix of live rewards, retired points programs, and potential future token distributions, which can make it difficult to distinguish what is currently farmable from outdated information.
Arkada Drop Hunting helps compare opportunities by factors such as potential, cost, time required, and difficulty.
👉 Explore current opportunities, including Project X, at Arkada Drop Hunting.
Project X's original points program has been retired. A future PRJX token has been discussed previously, but no confirmed TGE or final airdrop structure has been published as of the latest available information. This article is for informational purposes only and is not financial advice.