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Kinetiq(KNTQ)

Total Value Locked$838.34m

TVL by Chain

Hyperliquid L1$838.34m

Key Metrics

Fees 30d$1.65m
Fees 30d by chain

Hyperliquid L1$1.65m

Fees 7d$361,564

Hyperliquid L1$361,564

Fees 24h$50,511

Hyperliquid L1$50,511

Cumulative Fees$40.88m

Hyperliquid L1$40.88m

Revenue 30d$227,929
Revenue 30d by chain

Hyperliquid L1$227,929

Revenue 7d$52,147

Hyperliquid L1$52,147

Revenue 24h$8,933

Hyperliquid L1$8,933

Cumulative Revenue$5.37m

Hyperliquid L1$5.37m

Holders Revenue 30d$131,659
Holders Revenue 30d by chain

Hyperliquid L1$131,659

Holders Revenue 7d$39,943

Hyperliquid L1$39,943

Holders Revenue 24h$7,128

Hyperliquid L1$7,128

Cumulative Holders Revenue$927,147

Hyperliquid L1$927,147

Incentives 1y$0

Incentives 30d$0

Incentives 7d$0

Incentives 24h$0

Cumulative Incentives$0

Earnings (Annualized)$3.25m

Earnings 30d$227,929

Earnings 7d$52,147

Earnings 24h$8,933

Cumulative Earnings$5.37m

DEX Volume 30d$146,111
DEX Volume 30d by chain

Hyperliquid L1$146,111

DEX Volume 7d$85,149

Hyperliquid L1$85,149

DEX Volume 24h$7,931

Hyperliquid L1$7,931

Cumulative DEX Volume$3.32m

Hyperliquid L1$3.32m

Perp Volume 30d$104.96m
Perp Volume 30d by chain

Hyperliquid L1$104.96m

Perp Volume 7d$5.69m

Hyperliquid L1$5.69m

Perp Volume 24h$1.22m

Hyperliquid L1$1.22m

Cumulative Perp Volume$6.348b

Hyperliquid L1$6.348b

Bridge Volume 30d$29.98m
Bridge Volume 30d by chain

Hyperliquid L1$29.85m

Elysium Kinetiq$129,047

Bridge Volume 7d$29.98m

Hyperliquid L1$29.85m

Elysium Kinetiq$129,047

Bridge Volume 24h$29.98m

Hyperliquid L1$29.85m

Elysium Kinetiq$129,047

Open Interest$185,065

Market Cap$118.62m

$KNTQ Price$0.37

All Time High$0.60

All Time Low$0.036

View $KNTQ token page

Fully Diluted Valuation$366.07m

Outstanding FDV$219.4m

$KNTQ Volume 24h$11.72m

CEX Volume$1.15m

DEX Volume$10.84m(92.49% of total)

Staked$27.86m(23.49% of mcap)

Treasury$10.32m

Majors$0

Stablecoins$10.31m

Own Tokens$4,911

Others$5,225

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.

WebsiteX/Twitter
Categories:Liquid StakingCanonical BridgeYield AggregatorInterfaceServices
Products:
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Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

Kinetiq kHYPE - 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 GitHubKinetiq Earn - Total yield generated by the Kinetiq Earn (vkHYPE) Veda strategy vault.View code on GitHubKinetiq Markets - Trading fees paid by users on Kinetiq's HIP-3 markets on Hyperliquid.View code on GitHubKinetiq Launch - Gross validator staking rewards generated by Kinetiq Launch LSTs.View code on GitHubKinetiq Validators - Commission charged by the validators kHYPE delegates to, on the staking rewards they produce for kHYPE.View code on GitHubKinetiq KNTQ - Trading fees paid in KNTQ on Hyperliquid spot, which is the side of a KNTQ trade the HIP-1 deployer's share applies to.View code on GitHubKinetiq Markets Perps - Builder-code fees paid by users trading Hyperliquid perps through the Kinetiq Markets interface.View code on GitHubKinetiq Markets Spot - Builder-code fees paid by users trading Hyperliquid spot through the Kinetiq Markets interface.View code on GitHub

Revenue:

Kinetiq kHYPE - 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 GitHubKinetiq Earn - 20% performance fee charged on vault profits (profit-only, no management or entry/exit fees).View code on GitHubKinetiq Markets - Kinetiq's deployer-fee cut of its HIP-3 market fees.View code on GitHubKinetiq Launch - 10% performance fee taken on LST staking rewards (the full fee accrues to Kinetiq).View code on GitHubKinetiq Validators - The half of that commission Kinetiq invoices back to each validator operator (invoice_rate_bps, 5000 to date).View code on GitHubKinetiq KNTQ - All of the trading fees paid in KNTQ on Hyperliquid spot. deployerTradingFeeShare on KNTQ is 1.0, so the deployer collects the whole KNTQ-denominated fee.View code on GitHubKinetiq Markets Perps - Builder-code fees on Hyperliquid perps trades, retained entirely by Kinetiq.View code on GitHubKinetiq Markets Spot - Builder-code fees on Hyperliquid spot trades, retained entirely by Kinetiq.View code on GitHub

Holders Revenue:

Kinetiq kHYPE - 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 GitHubKinetiq Launch - Buyback share (default 70%) of the performance fee.View code on GitHubKinetiq Validators - All of the commission Kinetiq invoices to validator operators, used to buy back KNTQ. 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 GitHubKinetiq KNTQ - All of the trading fees paid in KNTQ on Hyperliquid spot, which the deployer sends to the Hyperliquid Assistance Fund; the fund has not sold or moved any of that KNTQ to date.View code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Bridge Volume: Value of assets sent through the bridge, counted once on the chain they leave from

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

Yields

Pools Tracked2

Average Supply APY0.98%

Kinetiq history

TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Jul 17, 2025 to Nov 10, 2026.

All-time high TVL: $2.653b on Oct 4, 2025. All-time low TVL: $458.11m on Jul 17, 2025.

Daily TVL, Oct 12, 2026 to Nov 10, 2026

DateTVL
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
Oct 28, 2026$941.71m
Oct 29, 2026$922.81m
Oct 30, 2026$1.023b
Oct 31, 2026$1.03b
Nov 1, 2026$1.01b
Nov 2, 2026$1.006b
Nov 3, 2026$961.64m
Nov 4, 2026$975.24m
Nov 5, 2026$955.12m
Nov 6, 2026$880.99m
Nov 7, 2026$901.32m
Nov 8, 2026$886.67m
Nov 9, 2026$849.11m
Nov 10, 2026$876.56m

TVL at each month end, Jul 2025 to Nov 2026

DateTVL
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 31, 2026$1.03b
Nov 10, 2026 (latest)$876.56m

Fees, revenue and holders revenue by UTC calendar month, Jul 2025 to Nov 2026

MonthFeesRevenueHolders 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$1.84m$244,041$127,628
Nov 2026 (to date)$526,268$75,546$54,263

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 Nov 10, 2026, Kinetiq has $838.34m in total value locked. TVL has decreased 18.1% over the past 30 days.

What chains does Kinetiq operate on?

Kinetiq operates on 2 chains: Hyperliquid L1 and Elysium Kinetiq. Hyperliquid L1 holds the largest share at 100%.

How much has Kinetiq generated in fees and revenue?

Over the past 30 days, Kinetiq generated $1.65m in fees. Of that, $227,929 was protocol revenue. Based on the trailing year, the annualized rate is $22.88m in fees and $3.25m in revenue.

What is the KNTQ token price and valuation?

KNTQ is currently trading at $0.37. Its circulating market capitalization is $118.62m, ranking it #333. Its fully diluted valuation is $366.07m. Supply currently stands at 324.02m circulating, 1b total supply, 1b maximum supply.

How has KNTQ performed recently?

KNTQ is down 20.3% over the past 7 days and up 5.5% over the past 30 days. Its all-time high is $0.60, reached on Oct 30, 2026. The token is currently 38.7% below that level.

Which protocols are included in Kinetiq?

Kinetiq is a parent protocol whose tracked products include Kinetiq kHYPE, Kinetiq Elysium Bridge, Kinetiq kmHYPE, Kinetiq Earn, and Kinetiq Launch and 5 others.

How much trading volume does Kinetiq process?

Kinetiq processed $146,111 in DEX volume over the past 30 days.

Does Kinetiq have a treasury?

Kinetiq has a tracked treasury currently valued at $10.32m. Its holdings include $10.31m in stablecoins, $4,911 in its own tokens, $5,225 in other assets.