Entropy Traders Can Earn Fee Rebates, No Airdrop Confirmed

Hyperliquid-based trading platform Entropy offers perpetual markets for stocks, commodities, and other assets. Traders can currently earn fee rebates through trading and referrals, but there's no confirmed Entropy token or airdrop announced by the platform.

Entropy operates under Hyperliquid Improvement Proposal 3 (HIP-3), which allows independent deployers to launch and operate their own on-chain markets. The platform offers perpetual futures trading for global equities, commodities, and indices, as well as newer products like long-dated pre-IPO equities.

In August 2026, Entropy closed a $14 million funding round led by Ribbit Capital, with Hyperion DeFi supplying the required bond of roughly $40 million through a partnership arrangement.