Total Value Locked$897.86m
TVL by Chain
Hyperliquid L1$897.86m
Key Metrics
Fees 30d$1.84m
Fees 30d by chain
Hyperliquid L1$1.84m
Fees 7d$371,175
Hyperliquid L1$371,175
Fees 24h$50,643
Hyperliquid L1$50,643
Cumulative Fees$40.12m
Hyperliquid L1$40.12m
Revenue 30d$258,065
Revenue 30d by chain
Hyperliquid L1$258,065
Revenue 7d$49,012
Hyperliquid L1$49,012
Revenue 24h$6,348
Hyperliquid L1$6,348
Cumulative Revenue$5.26m
Hyperliquid L1$5.26m
Holders Revenue 30d$127,015
Holders Revenue 30d by chain
Hyperliquid L1$127,015
Holders Revenue 7d$25,683
Hyperliquid L1$25,683
Holders Revenue 24h$3,560
Hyperliquid L1$3,560
Cumulative Holders Revenue$856,894
Hyperliquid L1$856,894
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$3.54m
Earnings 30d$258,065
Earnings 7d$49,012
Earnings 24h$6,348
Cumulative Earnings$5.26m
DEX Volume 30d$229,258
DEX Volume 30d by chain
Hyperliquid L1$229,258
DEX Volume 7d$31,666
Hyperliquid L1$31,666
DEX Volume 24h$2,093
Hyperliquid L1$2,093
Cumulative DEX Volume$3.22m
Hyperliquid L1$3.22m
Perp Volume 30d$251.57m
Perp Volume 30d by chain
Hyperliquid L1$251.57m
Perp Volume 7d$31.72m
Hyperliquid L1$31.72m
Perp Volume 24h$4.02m
Hyperliquid L1$4.02m
Cumulative Perp Volume$6.327b
Hyperliquid L1$6.327b
Open Interest$9.01m
Market Cap$131.01m
$KNTQ Price$0.41
Fully Diluted Valuation$414.7m
Outstanding FDV$248.82m
$KNTQ Volume 24h$2.38m
CEX Volume$70,832
DEX Volume$2.54m(106.91% of total)
Staked$27.79m(21.21% of mcap)
Treasury$9.28m
Majors$0
Stablecoins$9.21m
Own Tokens$12,633
Others$57,441
Total Raised$1.75m
Oct 22, 2025$1.75mRound: SeedInvestors: Maven 11, Pier Two, Chorus One Ventures, IMC Crypto, Infinite Field, Flowdesk, Susquehanna
Protocol Information
Kinetiq is a non-custodial liquid staking protocol that allows users to stake HYPE tokens on Hyperliquid L1 and receive kHYPE, a yield-bearing representation of staked HYPE that is usable in DeFi.
- Kinetiq kHYPELiquid Staking
- Kinetiq kmHYPELiquid Staking
- Kinetiq EarnYield Aggregator
- Kinetiq LaunchLiquid Staking
- Kinetiq MarketsInterface
- Kinetiq ValidatorsLiquid Staking
- Kinetiq KNTQServices
- Kinetiq Markets PerpsInterface
- Kinetiq Markets SpotInterface
Yields
Pools Tracked2
Average Supply APY0.96%
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
DEX Volume: Volume of all spot token swaps on the DEX
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Kinetiq history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Jul 17, 2025 to Oct 27, 2026.
All-time high TVL: $2.653b on Oct 4, 2025. All-time low TVL: $458.11m on Jul 17, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $1.243b |
| Sep 29, 2026 | $1.184b |
| Sep 30, 2026 | $1.147b |
| Oct 1, 2026 | $1.192b |
| Oct 2, 2026 | $1.147b |
| Oct 3, 2026 | $1.149b |
| Oct 4, 2026 | $1.114b |
| Oct 5, 2026 | $1.119b |
| Oct 6, 2026 | $1.157b |
| Oct 7, 2026 | $1.126b |
| Oct 8, 2026 | $1.08b |
| Oct 9, 2026 | $1.031b |
| Oct 10, 2026 | $1.011b |
| Oct 11, 2026 | $1.024b |
| Oct 12, 2026 | $1.03b |
| Oct 13, 2026 | $956.86m |
| Oct 14, 2026 | $965m |
| Oct 15, 2026 | $955.75m |
| Oct 16, 2026 | $967.5m |
| Oct 17, 2026 | $945.25m |
| Oct 18, 2026 | $927.08m |
| Oct 19, 2026 | $929.03m |
| Oct 20, 2026 | $915.87m |
| Oct 21, 2026 | $936.6m |
| Oct 22, 2026 | $938.28m |
| Oct 23, 2026 | $903.51m |
| Oct 24, 2026 | $883.83m |
| Oct 25, 2026 | $886.08m |
| Oct 26, 2026 | $887.37m |
| Oct 27, 2026 | $905.24m |
TVL at each month end, Jul 2025 to Oct 2026
| Date | TVL |
|---|---|
| Jul 31, 2025 | $754.72m |
| Aug 31, 2025 | $1.599b |
| Sep 30, 2025 | $1.629b |
| Oct 31, 2025 | $2.07b |
| Nov 30, 2025 | $1.113b |
| Dec 31, 2025 | $707.45m |
| Jan 31, 2026 | $804.23m |
| Feb 28, 2026 | $686.31m |
| Mar 31, 2026 | $819.11m |
| Apr 30, 2026 | $833.16m |
| May 31, 2026 | $1.228b |
| Jun 30, 2026 | $1.073b |
| Jul 31, 2026 | $879.92m |
| Aug 31, 2026 | $1.222b |
| Sep 30, 2026 | $1.147b |
| Oct 27, 2026 (latest) | $905.24m |
Fees, revenue and holders revenue by UTC calendar month, Jul 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jul 2025 | $561,450 | $1,757 | $0 |
| Aug 2025 | $3.37m | $137,705 | $0 |
| Sep 2025 | $6.31m | $604,899 | $0 |
| Oct 2025 | $6.33m | $1.21m | $0 |
| Nov 2025 | $3.71m | $639,124 | $0 |
| Dec 2025 | $1.74m | $259,722 | $0 |
| Jan 2026 | $1.43m | $86,934 | $0 |
| Feb 2026 | $1.51m | $112,997 | $0 |
| Mar 2026 | $1.83m | $152,314 | $0 |
| Apr 2026 | $1.63m | $200,377 | $80,820 |
| May 2026 | $1.9m | $274,535 | $124,244 |
| Jun 2026 | $2.11m | $310,171 | $140,376 |
| Jul 2026 | $1.92m | $294,272 | $125,939 |
| Aug 2026 | $2.05m | $349,508 | $131,399 |
| Sep 2026 | $2.14m | $424,217 | $145,979 |
| Oct 2026 (to date) | $1.61m | $209,445 | $111,755 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/kinetiq
Frequently asked questions
What is Kinetiq's TVL?
As of Oct 27, 2026, Kinetiq has $897.86m in total value locked. TVL has decreased 29.7% over the past 30 days.
What chains does Kinetiq operate on?
Kinetiq operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has Kinetiq generated in fees and revenue?
Over the past 30 days, Kinetiq generated $1.84m in fees. Of that, $258,065 was protocol revenue. Based on the trailing year, the annualized rate is $24.59m in fees and $3.54m in revenue.
What is the KNTQ token price and valuation?
KNTQ is currently trading at $0.41. Its circulating market capitalization is $131.01m, ranking it #328. Its fully diluted valuation is $414.7m. Supply currently stands at 315.92m circulating, 1b total supply, 1b maximum supply.
How has KNTQ performed recently?
KNTQ is up 15.7% over the past 7 days and up 28% over the past 30 days. Its all-time high is $0.45, reached on Oct 1, 2026. The token is currently 8.3% below that level.
Which protocols are included in Kinetiq?
Kinetiq is a parent protocol whose tracked products include Kinetiq kHYPE, Kinetiq kmHYPE, Kinetiq Earn, Kinetiq Launch, and Kinetiq Markets and 4 others.
How much trading volume does Kinetiq process?
Kinetiq processed $229,258 in DEX volume over the past 30 days.
Does Kinetiq have a treasury?
Kinetiq has a tracked treasury currently valued at $9.28m. Its holdings include $9.21m in stablecoins, $12,633 in its own tokens, $57,441 in other assets.