Total Value Locked$810.53m
TVL by Chain
Hyperliquid L1$810.53m
Key Metrics
Fees 30d$1.5m
Fees 30d by chain
Hyperliquid L1$1.5m
Fees 7d$342,370
Hyperliquid L1$342,370
Fees 24h$45,200
Hyperliquid L1$45,200
Cumulative Fees$30.35m
Hyperliquid L1$30.35m
Revenue 30d$153,396
Revenue 30d by chain
Hyperliquid L1$153,396
Revenue 7d$37,932
Hyperliquid L1$37,932
Revenue 24h$4,520
Hyperliquid L1$4,520
Cumulative Revenue$2.85m
Hyperliquid L1$2.85m
Holders Revenue 30d$104,337
Holders Revenue 30d by chain
Hyperliquid L1$104,337
Holders Revenue 7d$23,509
Hyperliquid L1$23,509
Holders Revenue 24h$3,164
Hyperliquid L1$3,164
Cumulative Holders Revenue$815,326
Hyperliquid L1$815,326
Staked$30.17m
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.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Staking rewards earned by staked HYPE, plus the 0.1% kHYPE unstaking fee (charged until 2026-04-07) and the instant-unstake fee (charged since 2026-05-05).View code on GitHubRevenue: The 0.1% kHYPE unstaking fee (charged until 2026-04-07, counted when the treasury receives it at withdrawal confirmation); since KIP-2 (2026-04-08) also the 10% performance fee on staking rewards and the treasury share of instant-unstake fees.View code on GitHubHolders Revenue: Since KIP-2 (2026-04-08), the 70% of the performance fee (itself 10% of staking rewards) paid to the KNTQ buyback wallet. The bought KNTQ went to sKNTQ stakers until 2026-09-15 and has been sent to the Hyperliquid Assistance Fund since then (KIP-5, https://kinetiq.xyz/blog/kip-5-kntq-buybacks-assistance-fund).View code on GitHubYields
Pools Tracked2
Average Supply APY0.92%
Competitors
Kinetiq kHYPE history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Jul 17, 2025 to Nov 8, 2026.
All-time high TVL: $2.296b on Sep 19, 2025. All-time low TVL: $458.11m on Jul 17, 2025.
Daily TVL, Oct 10, 2026 to Nov 8, 2026
| Date | TVL |
|---|---|
| Oct 10, 2026 | $922.18m |
| Oct 11, 2026 | $933.12m |
| Oct 12, 2026 | $937.87m |
| Oct 13, 2026 | $872.19m |
| Oct 14, 2026 | $879.06m |
| Oct 15, 2026 | $870.9m |
| Oct 16, 2026 | $881.53m |
| Oct 17, 2026 | $861.23m |
| Oct 18, 2026 | $844.72m |
| Oct 19, 2026 | $846.26m |
| Oct 20, 2026 | $834.75m |
| Oct 21, 2026 | $853.84m |
| Oct 22, 2026 | $855.64m |
| Oct 23, 2026 | $823.92m |
| Oct 24, 2026 | $805.05m |
| Oct 25, 2026 | $807.56m |
| Oct 26, 2026 | $811.37m |
| Oct 27, 2026 | $827.42m |
| Oct 28, 2026 | $861.01m |
| Oct 29, 2026 | $843.15m |
| Oct 30, 2026 | $933.33m |
| Oct 31, 2026 | $940.7m |
| Nov 1, 2026 | $923.02m |
| Nov 2, 2026 | $922.01m |
| Nov 3, 2026 | $881.08m |
| Nov 4, 2026 | $895.24m |
| Nov 5, 2026 | $875.69m |
| Nov 6, 2026 | $807.99m |
| Nov 7, 2026 | $826.73m |
| Nov 8, 2026 | $812.98m |
TVL at each month end, Jul 2025 to Nov 2026
| Date | TVL |
|---|---|
| Jul 31, 2025 | $754.72m |
| Aug 31, 2025 | $1.599b |
| Sep 30, 2025 | $1.629b |
| Oct 31, 2025 | $1.655b |
| Nov 30, 2025 | $1.004b |
| Dec 31, 2025 | $635.01m |
| Jan 31, 2026 | $721.78m |
| Feb 28, 2026 | $614.19m |
| Mar 31, 2026 | $741.26m |
| Apr 30, 2026 | $761.59m |
| May 31, 2026 | $1.124b |
| Jun 30, 2026 | $980.34m |
| Jul 31, 2026 | $803.36m |
| Aug 31, 2026 | $1.115b |
| Sep 30, 2026 | $1.035b |
| Oct 31, 2026 | $940.7m |
| Nov 8, 2026 (latest) | $812.98m |
Fees, revenue and holders revenue by UTC calendar month, Jul 2025 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jul 2025 | $501,632 | $1,757 | $0 |
| Aug 2025 | $2.27m | $29,944 | $0 |
| Sep 2025 | $3.59m | $61,297 | $0 |
| Oct 2025 | $3.85m | $712,580 | $0 |
| Nov 2025 | $2.71m | $435,046 | $0 |
| Dec 2025 | $1.6m | $224,400 | $0 |
| Jan 2026 | $1.13m | $35,475 | $0 |
| Feb 2026 | $1.18m | $61,535 | $0 |
| Mar 2026 | $1.5m | $94,431 | $0 |
| Apr 2026 | $1.39m | $124,233 | $72,144 |
| May 2026 | $1.61m | $161,227 | $112,862 |
| Jun 2026 | $1.82m | $182,164 | $127,519 |
| Jul 2026 | $1.62m | $162,051 | $113,431 |
| Aug 2026 | $1.7m | $169,719 | $118,798 |
| Sep 2026 | $1.88m | $188,473 | $131,929 |
| Oct 2026 | $1.64m | $164,475 | $115,134 |
| Nov 2026 (to date) | $387,570 | $42,452 | $26,673 |
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-khype
Frequently asked questions
What is Kinetiq kHYPE's TVL?
As of Nov 8, 2026, Kinetiq kHYPE has $810.53m in total value locked. TVL has decreased 14% over the past 30 days.
What chains does Kinetiq kHYPE operate on?
Kinetiq kHYPE operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has Kinetiq kHYPE generated in fees and revenue?
Over the past 30 days, Kinetiq kHYPE generated $1.5m in fees. Of that, $153,396 was protocol revenue. Based on the trailing year, the annualized rate is $19.57m in fees and $2m in revenue.
How does Kinetiq kHYPE's TVL compare to similar protocols?
Among Liquid Staking protocols tracked by DefiLlama, Kinetiq kHYPE ranks #10 by TVL. The category holds $50.706b across 268 protocols, and Kinetiq kHYPE accounts for 1.6% of that total. Similar protocols include stHYPE, Kinetiq kmHYPE, Hyperbeat LST, Kinetiq Launch, Kintsu, SpinUp Liquid Staking, Stratium HYPE Staking, Lido, Binance staked ETH, and ether.fi Stake.
How many yield pools does Kinetiq kHYPE have?
DefiLlama tracks 2 Kinetiq kHYPE yield pools with an average APY of 0.9%.