The SwanBluechip Score
An independent 1–10 rating for every project in the Hyperliquid ecosystem. Hand-curated by @0xcryptoswan — a single qualitative number that weighs product maturity, traction, team, airdrop quality, and ecosystem fit. Not a formula, not a paid placement. Just conviction.
Product
Is the product live, working, and used? Does it solve a real Hyperliquid-native problem?
Traction
Live TVL, volume, active users, depositor count. Sustained growth weighs heavier than a spike.
Team
Track record, transparency, on-chain behavior. Anon is fine; sketchy is not.
Airdrop
Quality of the points program, expected TGE clarity, dilution risk, and farm-effort-to-reward ratio.
Ecosystem fit
Does removing this project hurt Hyperliquid? Essential infrastructure scores higher than commodity wrappers.
9 – 10
Bluechip
Core, proven infrastructure that the ecosystem depends on.
7 – 8
Strong
High-conviction names with material traction and clear airdrop signal.
5 – 6
Watching
Credible projects still proving product-market fit or distribution.
1 – 4
Early
Nascent or unproven — worth tracking but not conviction yet.
All projects, ranked
| Rank | Project | Category | Status | Score |
|---|---|---|---|---|
| #1 | Hyperliquid | Trading | Season 3 | 9/10 · Bluechip |
| #2 | Unit | Infrastructure | Farmable | 9/10 · Bluechip |
| #3 | Hybra | Trading | Farmable | 8/10 · Strong |
| #4 | HyENA HIP-3 | Trading | Points Live | 8/10 · Strong |
| #5 | trade.xyz HIP-3 | Trading | Farmable | 8/10 · Strong |
| #6 | Based | Trading | Farmable | 7/10 · Strong |
| #7 | Felix | Stablecoins | Farmable | 7/10 · Strong |
| #8 | HyperLend | Lending | Farmable | 7/10 · Strong |
| #9 | HypurrFi | Lending | Farmable | 7/10 · Strong |
| #10 | Kinetiq | Staking | Farmable | 7/10 · Strong |
| #11 | Looped HYPE | Staking | Farmable | 7/10 · Strong |
| #12 | Native Markets | Stablecoins | Farmable | 7/10 · Strong |
| #13 | Outcome HIP-4 | Trading | Farmable | 7/10 · Strong |
| #14 | Silhouette | Trading | Farmable | 7/10 · Strong |
| #15 | StakedHYPE | Staking | Farmable | 7/10 · Strong |
| #16 | Stratium HIP-4 | Trading | Farmable | 7/10 · Strong |
| #17 | alt.fun | Trading | Farmable | 6/10 · Watching |
| #18 | HyperBeat | Yield & Vaults | Farmable | 6/10 · Watching |
| #19 | HyperSwap | Trading | Farmable | 6/10 · Watching |
| #20 | Project X | Trading | Farmable | 6/10 · Watching |
| #21 | Theo | Yield & Vaults | Farmable | 6/10 · Watching |
| #22 | Harmonix | Yield & Vaults | Farmable | 5/10 · Watching |
| #23 | Hyperdash | Infrastructure | TBD | 5/10 · Watching |
| #24 | Liminal | Yield & Vaults | Farmable | 5/10 · Watching |
| #25 | HyperSignals | Infrastructure | TBD | 4/10 · Early |
| #26 | Onyx | Trading | TBD | 4/10 · Early |
| #27 | Sentiment | Lending | TBD | 4/10 · Early |
| #28 | Ventuals HIP-3 | Trading | TBD | 4/10 · Early |
About the Score
What is the SwanBluechip Score?
An independent 1-10 rating for every project in the Hyperliquid ecosystem, hand-curated by @0xcryptoswan. A single qualitative judgment that weighs product maturity, traction, team quality, airdrop expectations, and how essential the project is to the Hyperliquid stack.
Is it a formula?
No. The score is a curator judgment, not an algorithm. It's informed by live TVL, volume, airdrop quality, HIP layer participation, and team signal — but the final number reflects conviction rather than a mechanical weighting. If you want a formula, build your own from the data on the ecosystem pages; the score here is editorial.
How often does it update?
Scores are reviewed continuously and updated whenever a project reaches a material milestone — token launch, major TVL inflection, HIP-3/HIP-4 graduation, or visible team change. Live TVL and airdrop status on the homepage update on every page load.
Which projects are currently Bluechip-rated?
Two projects currently hold a 9/10 Bluechip rating: Hyperliquid (the L1 itself) and Unit (the asset layer bridging non-EVM assets onto HyperCore). No project currently holds 10/10 — that's reserved for category-defining outcomes.
Is the score affected by referral relationships?
No. Some projects in the list have referral codes attached for users who choose to use them, but referral relationships do not influence the score. The same curator judgment applies whether the project has a referral arrangement or not.
Can a project ask to be added or rated?
Yes — DM @0xcryptoswan. Inclusion is editorial and does not guarantee a score. Pay-to-play has no path here.
Citing the SwanBluechip Score? Use the page URL
swanbluechip.com/bluechip/ and the specific
rating (e.g. "Hyperliquid: 9/10 Bluechip"). Scores change as the ecosystem evolves — link to the page rather
than a snapshot so the citation stays accurate.