How Bloxwap's Season 01 prize pool works — a $250,000 USDC pool, funded by builder fees, paid to the top 100 traders. What it is, how to qualify, and how prizes pay out.
Bloxwap is running a Season 01 prize pool: up to $250,000, paid in USDC to the top 100 traders on the Bloxwap leaderboard. This guide explains what it is, how you qualify, and how the prizes pay out — in plain English.
This is a plain-language summary. The full, binding details live in the official rules, which always control if anything here is unclear or out of date.
What it is
The prize pool is $250,000, paid in USDC — a digital dollar where 1 USDC is worth about $1 — on Hyperliquid Core (the part of Hyperliquid that holds your trading balance, often shortened to "HyperCore").
It is not a giveaway or a raffle. You don't win by luck or a random drawing. You earn your place by trading: the more trading activity you bring to Bloxwap, the higher you climb.
Where the money comes from
The pool is funded entirely by builder fees. A builder fee is a small fee Hyperliquid charges on each trade you make through Bloxwap, which goes to Bloxwap for building the app. There's no buy-in, no deposit, and nothing to purchase — the pool fills up from those fees as people trade.
How scoring works
Your rank is based on points:
You earn 1 point for every $1 of revenue your trading generates for Bloxwap.
That revenue is mostly the builder fees you pay through Bloxwap, plus any referral rebates Hyperliquid routes to Bloxwap for your trades. More trading volume means more fees, which means more points.
The public leaderboard is the official scoreboard. It updates on a regular schedule (small delays are normal) and ranks everyone by points, highest first.
The prizes
At season close, the top 100 traders share the pool on these tiers:
| Rank | Prize each |
|---|---|
| 1 | $50,000 |
| 2 | $25,000 |
| 3 | $25,000 |
| 4–10 | $10,000 |
| 11–50 | $1,500 |
| 51–100 | $400 |
Those add up to the full $250,000. If the pool ends below $250,000, every prize is scaled down by the same percentage. For example, if the pool reaches $200,000 (80% of the cap), first place pays $40,000 instead of $50,000, and so on down the list. The percentages are fixed, not the exact dollar figures.
How to qualify
To be eligible you need to (these are the essentials — the rules have the full list):
- Be a registered Hyperliquid user with a wallet that can trade.
- Enable builder fees for Bloxwap when the app asks, and keep them on for the whole season. Trades without the Bloxwap builder fee don't count. If you turn the approval off, your wallet drops off the leaderboard and loses its points — turning it back on doesn't restore them.
- Be 18 or older (or the age of majority where you live).
- Not live in a restricted location (the U.S. and several others are excluded) and not be on any sanctions list.
You're added to the leaderboard automatically once you approve the builder fee in the app. Using Bloxwap's referral code is encouraged — it gives you a discount on Hyperliquid's trading fees — but it isn't required.
New to the app? Start with What is Bloxwap?.
When the season ends
The season closes when one of two things happens first:
- Bloxwap collects $250,000 in eligible builder fees, or
- a closing date that Bloxwap announces in advance.
How and when you get paid
Prizes are paid in USDC on HyperCore, sent to the same wallet that earned your points. Bloxwap aims to pay within 30 days of season close, though identity or sanctions checks can take longer. Before paying, Bloxwap may ask you to prove you control the wallet and to complete identity verification (KYC).
A word on risk
Climbing the leaderboard means trading, and trading carries real risk — leverage can multiply your losses as easily as your gains. You can lose more from trading than you'd win in the pool. Only trade what you can afford to lose, and read the Risk Disclosure first.
Ready to see where you stand? Check the live leaderboard, and read the official rules for every detail — the terms can change, and the rules are always the source of truth.