Upheaval Finance is a decentralized finance (DeFi) protocol that operates as a concentrated liquidity market maker (CLMM) DEX on the HyperEVM, part of the Hyperliquid blockchain ecosystem. Similar in design to Uniswap V3, Upheaval functions as the primary liquidity layer of HyperEVM, enabling efficient token swaps and yield opportunities.

What sets Upheaval apart is its community-driven, non-extractive model. There are no presales or insider allocations, with the focus squarely on rewarding genuine users. The protocol facilitates trading for core tokens like $HYPE (Hyperliquid’s native token) and $PUP, while also allowing users to provide liquidity and participate in reward programs.
Having initially reached $3M in TVL without incentives, Upheaval has now surpassed $100M in TVL, signaling strong organic growth and positioning itself as a foundational player in the HyperEVM ecosystem.
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How Upheaval Finance Works
At its core, Upheaval is a DEX AMM with concentrated liquidity, designed for maximum capital efficiency.
Token Swaps
- Users can trade tokens like $HYPE, $PUP, and others through liquidity pools.
- The CLMM model concentrates liquidity into specific price ranges, resulting in lower slippage and higher efficiency compared to older AMMs like Uniswap V2.
Liquidity Provision
- Users can add liquidity to pools, selecting custom price ranges for greater control.
- This structure allows LPs to earn trading fees more effectively.
- Notably, the $PUP/HYPE pool does not qualify for incentives, ensuring rewards are spread across a broader liquidity base.
Integrations and Partnerships
- Integrated with KyberSwap (with over $77B in historical volume), HyperFlow, and other aggregators for efficient routing.
- Security audits conducted by BlockSec.
- Collaborations with projects like BasedOneX to improve token deployment documentation.
By leveraging Hyperliquid’s infrastructure, which has outperformed Ethereum and Solana in trading volume and revenue capture, Upheaval benefits from a high-performance environment tailored for DeFi.
How to Farm the Upheaval Airdrop

Upheaval currently runs an active points program, with rewards distributed based on user participation in liquidity provision and token holding.
Liquidity Pools
- Provide liquidity to eligible pools (except PUP/HYPE).
- Popular pools include:
- hwHYPE/HYPE (in partnership with Hyperwave).
- thBILL/HYPE (in partnership with Theo).
- These pools offer dual rewards (Upheaval points + partner points).
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Holding $PUP Spot
- Simply holding $PUP tokens in your wallet (not in LPs) also earns points.
- This mechanism incentivizes pure spot holders and strengthens community alignment.
$UP Token Distribution
- The official $UP token airdrop is tied to the Upheaval Points Programme, launched on September 2, 2025.
- Points are tracked via daily random snapshots, meaning consistent participation increases rewards.
- 71% of the total 1B $UP supply is allocated to the community and emissions.
- The airdrop is expected to take place in September/October 2025.
The program is short-term, unlike indefinite point systems from other projects, which adds urgency for early participants.
Active Campaigns
Upheaval has also partnered with other platforms to expand its distribution:
- Based Campaign: Users can earn $UP rewards through an active campaign on the Based PerpDEX.
- Layer3 Quest: A quest requiring a swap of any token and amount on Upheaval, providing an additional way to qualify for rewards.
These integrations highlight Upheaval’s strategy of cross-platform collaboration to grow its user base.
Final Thoughts
Upheaval Finance is rapidly becoming a cornerstone of the HyperEVM ecosystem, combining efficient CLMM design with strong community alignment. Its points program and upcoming $UP airdrop make it one of the most anticipated DeFi campaigns of 2025.
With TVL already surpassing $120M and growing fast, the project demonstrates both credibility and momentum. For airdrop hunters, interacting with liquidity pools and holding $PUP offers direct exposure to rewards while also strengthening participation in the Hyperliquid ecosystem.
As always, timing is crucial—the earlier you engage, the greater your potential rewards in this competitive airdrop environment.
🔗Links
Upheaval: Official Website
Upheaval Documentation: Docs
Disclaimer
This is not financial advice. If you decide to interact with the mentioned protocols, you do so at your own risk. Airdrop Guild is not responsible for any potential losses resulting from participation. Always do your own research before engaging with blockchain-based projects.