Total Value Locked$829.67m
TVL by Chain
Hyperliquid L1$829.67m
Key Metrics
Fees 30d$1.64m
Fees 30d by chain
Hyperliquid L1$1.64m
Fees 7d$329,119
Hyperliquid L1$329,119
Fees 24h$46,802
Hyperliquid L1$46,802
Cumulative Fees$29.75m
Hyperliquid L1$29.75m
Revenue 30d$163,803
Revenue 30d by chain
Hyperliquid L1$163,803
Revenue 7d$32,910
Hyperliquid L1$32,910
Revenue 24h$4,679
Hyperliquid L1$4,679
Cumulative Revenue$2.78m
Hyperliquid L1$2.78m
Holders Revenue 30d$114,662
Holders Revenue 30d by chain
Hyperliquid L1$114,662
Holders Revenue 7d$23,041
Hyperliquid L1$23,041
Holders Revenue 24h$3,277
Hyperliquid L1$3,277
Cumulative Holders Revenue$774,249
Hyperliquid L1$774,249
Staked$28.52m
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: Total unstaking fees and rewards from staked HYPE.View code on GitHubRevenue: Total fee through 0.1% KHYPE unstaking fee before 2026-04-09, 10% performance fees after that.View code on GitHubHolders Revenue: From 2026-04-09, 70% of performance fees (which is 10% staking rewards) are used to by back KNTQ.View code on GitHubYields
Pools Tracked2
Average Supply APY0.97%
Competitors
Kinetiq kHYPE 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: $2.296b on Sep 19, 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 | $1.124b |
| Sep 29, 2026 | $1.07b |
| Sep 30, 2026 | $1.035b |
| Oct 1, 2026 | $1.076b |
| Oct 2, 2026 | $1.037b |
| Oct 3, 2026 | $1.054b |
| Oct 4, 2026 | $1.019b |
| Oct 5, 2026 | $1.023b |
| Oct 6, 2026 | $1.057b |
| Oct 7, 2026 | $1.028b |
| Oct 8, 2026 | $986.49m |
| Oct 9, 2026 | $942.02m |
| 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 |
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 | $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 27, 2026 (latest) | $827.42m |
Fees, revenue and holders revenue by UTC calendar month, Jul 2025 to Oct 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 (to date) | $1.44m | $144,059 | $100,843 |
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 Oct 27, 2026, Kinetiq kHYPE has $829.67m in total value locked. TVL has decreased 28.2% 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 $1.64m in fees. Of that, $163,803 was protocol revenue. Based on the trailing year, the annualized rate is $20.22m in fees and $2.14m 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 $52.8b across 266 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 1%.