The Sekai team has not officially announced a token launch or an airdrop. However, the project stands out as one of the more innovative developments within the Hyperliquid ecosystem. Participating in the testnet is currently the best way to build on-chain activity ahead of any future snapshot considerations. The public testnet went live on June 9–10, 2026. While creating new LSTs is limited to Kappa NFT holders and selected partners, all users can mint, redeem, swap existing LSTs, and provide liquidity on the Sekai DEX.
https://testnet.sekai.fi/explore