Whisk the matcha powder and hot water in a small bowl. Set aside.
Use a frother to froth all the matcha dalgona ingredients, until it becomes nice and creamy, like heavy foam. Set aside.
Fill cup with ice and add the milk, followed by the honey. Stir. Strain the matcha liquid into the cup of milk. Top off with the matcha dalgona.
Before drinking, stir everything together. Enjoy!