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    Ekiden

    What Is Ekiden?

    Ekiden is a decentralized derivatives exchange for on-chain perpetual futures trading. It runs a hybrid model that pairs an off-chain Central Limit Orderbook (CLOB) with deferred on-chain settlement, so traders get centralized-exchange speed but keep custody of their assets and a transparent settlement record.

    In May 2026, Ekiden raised $2 million in a seed round at a roughly $20 million valuation, led by Unicorn Factory Ventures and P2 Ventures. The round drew GSR, Flowdesk, Pyth, Aptos, Monolith, Hardcore Labs, Moonhill Capital, and Curiosity Capital, with Keyrock joining as a strategic partner.

    Ongoing

    Ekiden Airdrop Details

    Ekiden has not formally announced an airdrop, but its own documentation describes an XP system that may convert into an EKI token allocation at TGE, which makes early testnet trading worth tracking. XP is earned through trading activity and recorded in a points ledger that feeds the rewards and leaderboard APIs.

    XP does not follow a flat volume formula. Ekiden uses a backend model that allocates a weekly XP pool pro rata, scoring each trader on eligible volume, ROI, and a drawdown factor.

    How to Farm the Ekiden Airdrop

    Step 1: Visit the Ekiden Testnet

    Go to the Ekiden testnet and click the connect button. The testnet runs on Aptos, so you will trade with test tokens rather than real assets.

    Step 2: Connect and Configure Your Wallet

    Connect a Petra or Nightly wallet. If you do not have one installed, add the browser extension first from the link mentioned on the testnet page, then return to the site.

    • Approve the connection request in the wallet pop-up.
    • Manually switch your wallet to the Aptos testnet network from within the app.

    Step 3: Claim Testnet Tokens

    Click the faucet button on the testnet page to request testnet tokens. You can make up to five faucet requests per day, so claim early if you plan to trade actively.

    Step 4: Deposit Testnet USDC

    Click deposit to move your testnet USDC into your trading account. This balance funds your positions on the perpetual markets.

    Step 5: Place Trades on the Perpetual Markets

    Open positions on the available perp markets to start generating volume. Since the XP model scores volume alongside ROI and drawdown, trade with a plan. Consistent, profitable activity scores better than reckless size.

    Step 6: Provide Feedback on the Beta Version

    The testnet runs as a beta, and the platform asks users to share feedback on the upper left corner of the testnet page while they trade. Report bugs, rough edges, and feature ideas through the official feedback link. Detailed, useful feedback may also count toward any future airdrop, so put real thought into it.

    Step 7: Join the Discord and Climb the Roles

    Join the Ekiden Discord and stay active to earn XP and community roles. Send messages to gain XP and check your level with the !rank command in the check-rank channel. The role tiers work like this:

    • Shinjin (Newcomer): Automatic once you reach Level 1 through chat activity.
    • Senpai (Senior): Automatic at Level 5.
    • Shihan (Master): Automatic at Level 10.
    • Kensei (Sword Saint): Granted manually for exceptional contributions to the project.
    • Kami (Spirit): Granted manually to the most valuable community members.

    The first three tiers come from chat XP, so consistent activity gets you to Master. The Sword Saint and Spirit roles are awarded by hand, so creating memes, art, and content in the content channel and helping moderate improves your odds.

    Link your X account in the set-twitter channel to earn engagement XP from Ekiden’s posts.

    Tips for Maximizing Your Ekiden XP

    Keep your ROI positive. The XP model rewards profitable trading, not just turnover. A trader pushing high volume with poor returns can score worse than a smaller, sharper one.

    Manage drawdown. Large unrealized losses drag down your trading power score. Use stops and size positions so a bad streak does not wipe out your weekly standing.

    Trade every week. XP allocations reset on a weekly cadence, so spreading activity across weeks beats cramming it into one session.

    Frequently Asked Questions

    Is the Ekiden airdrop free to farm?

    Yes. The current activity runs on the Aptos testnet using faucet tokens, so you can trade and earn XP without spending real money. You only need a compatible wallet and time to trade.

    How does Ekiden distribute XP?

    Ekiden allocates a weekly XP pool pro rata based on your trading power score, which weighs eligible volume, ROI, and drawdown. All entries sit in a points ledger that feeds your future EKI standing.

    What happens if I miss a week of trading?

    XP resets weekly, so a missed week means no allocation from that pool. Past XP still counts, but trading every week exposes you to more pools across the campaign.

    Conclusion

    Ekiden rewards active testnet traders with XP tied to an EKI allocation at the token launch, based on trading volume, ROI, and risk control rather than raw turnover. Since the activity uses faucet tokens on the Aptos testnet, you can build a position without risking real capital.

    Trade with discipline and stay active across weekly resets to maximize your standing before any TGE.

    You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

    Funding

    $2M

    Difficulty

    Easy

    Cost to Farm

    Free

    Overview


    • Website: ekiden.fi
    • Ticker: EKI
    • Documentation: Visit now
    • X (Formerly Twitter):
    • Discord Chat:
    • Blog:
    • Github Repository: