Ethereum is showing strength again. After dipping below $2K in April, it bounced back to $2.4K this week. That move sparked life back into DeFi protocols across multiple ecosystems. Suddenly, people are talking about TVLs again. And for good reason—DeFi total value locked (TVL) jumped nearly 20% in just a few weeks.
According to DeFiLlama, the overall DeFi TVL is now back above $110 billion. It’s not just Ethereum—Arbitrum, Base, Solana, and even LayerZero-connected protocols are buzzing. DeFi is crypto’s foundation, and everything follows when it moves.
That’s why it’s the perfect time to explore the Best DeFi Airdrops Q2 2025. Whether you’re a seasoned testnet user or a passive LP, there’s something here for you.
Study our detailed guide with strategies on how to farm airdrops in 2025
TVL growing, interest growing
Crypto traders often chase hype. But real opportunities lie in fundamentals. TVL, or total value locked, is one of the key indicators for DeFi health. It shows how much liquidity is sitting inside protocols. That number climbing is a bullish signal. It means more users are depositing, trading, farming, and earning.
The DeFi sector attracts the most generous airdrops because it needs constant user input. Unlike meme coins or NFTs, DeFi projects require early adopters who are willing to take risks. In return, these protocols often offer life-changing airdrops.
Why DeFi airdrops are worth farming
DeFi airdrops are not just luck-based giveaways. They’re earned by farming. When you use a protocol in its early stages—either by testing it on testnet or providing liquidity—you’re proving real value. You’re stress testing smart contracts. Or you’re contributing capital. And you’re helping build the foundation of the protocol.
That’s why many DeFi protocols return the favor. They reward users with generous airdrops when they launch their token.
List of Best DeFi Airdrops for the summer
Now, let’s take a look at some of the Best DeFi Airdrops Q2 2025. This list includes a mix of testnet tasks, DEX trading, and passive LP options. All of these are explained in detail on AirdropAlert, so be sure to check the guides.
1. Ostium Exchange
Guide here
Ostium is a decentralized perpetual exchange built on Arbitrum. It offers trading of crypto assets with up to 50x leverage. The platform is still in its early stages, and they’ve confirmed a points-based airdrop campaign. By trading, providing liquidity, or referring friends, you can earn points that will later convert to tokens.
Pro tip: Volume matters. Repeated trading and LP interaction helps boost your allocation.
2. Axiom Exchange
Guide here
Axiom is a hybrid DEX with a unique matching engine. It blends the AMM model with order book features. The devs have launched campaigns targeting liquidity providers, testnet users, and active traders. Make sure to connect often, use the interface, and stake assets if available.
This is a great farm if you’re in the meme trenches on Solana.
Related: List of Top Solana Airdrops
3. OP-NET Testnet
Guide here
OP-NET is a Layer 2 scaling solution optimized for DeFi performance. Their testnet is live, and early users are eligible for an airdrop. Test bridging, swaps, and staking. Even small actions might lead to big rewards.
4. Valhalla DEX
Guide here
A battle-themed decentralized exchange that wants to gamify trading. Their testnet just went live. Trade any asset, claim your warrior badge, and climb the leaderboard. Top traders will be rewarded with token allocations.
Fun and profitable? We’re in.
Enter the access code “46880605” to unlock early access.
5. Soul Protocol
Guide here
Soul is building the next-generation DeFi identity layer. Their testnet includes staking soul-bound tokens and interacting with identity verification modules. Airdrops are planned for those who complete quests and provide feedback.
6. Orochi Network – OnProver
Guide here
OnProver is a ZK-based oracle solution built by Orochi. Testnet users help validate data feeds, submit proof-of-validity, and stress test the platform. Given the technical nature of the testnet, this may appeal more to developers or hardcore DeFi degens.
Related: More top Airdrop farming opportunities with our latest list.
7. Hyperlend Finance
Guide here
Hyperlend is a new money market protocol focusing on cross-chain lending. If you provide liquidity or borrow assets, you’re eligible for points. These points will convert into tokens later. Ideal for passive DeFi players who like to earn while they wait.
8. Taker Protocol
Guide here
Taker allows users to borrow against NFTs and other digital assets on the Bitcoin network. They recently launched a DeFi vault where you can deposit stablecoins and earn real yield. Interaction with both NFT and DeFi features will boost your chance for their upcoming token drop.
9. Hyperliquid Season 2
Guide here
Hyperliquid is a high-performance DEX focusing on perpetual contracts. It’s gaining traction fast. They’re launching v2 with a new airdrop round, likely to reward active traders. Think of GMX and dYdX vibes—early users of these got serious bags.
Example: Delta Neutral Farming for Two Airdrops
Want to maximize your chance while managing risk? Here’s a delta-neutral farming example using Ostium and Hyperliquid.
Step 1: Deposit $1,000 USDC split between the two platforms.
Step 2:
📈 Go long on $BTC with 5x leverage on Ostium
📉 Go short on $BTC with 5x leverage on Hyperliquid
Both use Arbitrum, making capital movement easy. Set your stop loss (SL) and take profit (TP) at around 5%. This prevents liquidation and keeps your downside limited. After closing both legs, re-enter to build more volume.
This method lets you farm volume-based airdrops without betting on direction. One side profits while the other loses, so you remain neutral. Just make sure to rebalance often.
Study our series of trading guides if you prefer a little more risk than delta-neutral farms.
Final Thoughts
Q2 2025 is shaping up to be an exciting time for DeFi users. With Ethereum gaining momentum and TVL on the rise, protocols are rewarding early users again. Whether you prefer passive farming, trading, or testnets—there’s a DeFi airdrop out there for you.
Keep farming. Stay safe. And as always, AirdropAlert will keep you posted with the latest opportunities.
If you enjoyed this blog, check out our blog on 13 ways to earn crypto.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
