Status (October 2026): The HyperLend testnet this guide covers is over, and testnet.hyperlend.finance now shows only a “Mainnet coming soon” page. HyperLend launched on Hyperliquid’s mainnet on March 24, 2025, and its points season there ended on October 22, 2025. HyperLend announced its HPL token in January 2026, and HPL was trading on Hyperliquid by March 2026. HyperLend’s docs do not mention rewards for testnet users. Sources: HyperLend docs, CoinGecko.
Key Takeaways
- HyperLend is a decentralized finance (DeFi) platform that focuses on lending and borrowing digital assets. It operates on the Hyperliquid EVM blockchain, offering efficient and secure money-market services.
- HyperLend started with a testnet, where users could experiment with the platform and provide feedback to the developers. It has run on Hyperliquid’s mainnet since March 2025.
Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally, airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.
What Is HyperLend?
HyperLend is a money-market platform that makes lending and borrowing digital assets efficiently and securely easy. The project aims to become the first and leading lending platform on Hyperliquid’s EVM blockchain.
How To Qualify For An Airdrop?
You can’t qualify for a HyperLend airdrop through the testnet: the testnet is over, and as of October 2026 HyperLend’s docs do not mention rewards for testnet users. HyperLend ran it before its mainnet launch in March 2025 so users could explore the platform and give feedback. Its mainnet points season ended on October 22, 2025.
While it ran, users joined like this:
👉 STEP 1: Head over to https://testnet.hyperlend.finance/.
👉 STEP 2: Connect your Web3 Wallet.
👉 STEP 3: Head to “Faucet” and claim testnet tokens.
👉 STEP 4: Go to “Markets” and click Supply or Borrow MBTC.
👉 STEP 5: Consistently engage with HyperLend’s testnet by repeating Steps 2 and 3.
👉 STEP 6: Keep an eye on official announcements and hope for the best!
