Protocol Information
Kinetiq Markets is a fully onchain perpetuals DEX built on Hyperliquid, powered by kmHYPE — an exchange LST that lets users co-own trading fees and liquidity for global markets.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
Kinetiq kmHYPE history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 10, 2025 to Oct 27, 2026.
All-time high TVL: $55.73m on Sep 23, 2026. All-time low TVL: $18.84m on Jan 21, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $51.75m |
| Sep 29, 2026 | $49.1m |
| Sep 30, 2026 | $49.34m |
| Oct 1, 2026 | $51.37m |
| Oct 2, 2026 | $46.69m |
| Oct 3, 2026 | $47.27m |
| Oct 4, 2026 | $46.92m |
| Oct 5, 2026 | $47.3m |
| Oct 6, 2026 | $49.36m |
| Oct 7, 2026 | $47.92m |
| Oct 8, 2026 | $46.28m |
| Oct 9, 2026 | $43.97m |
| Oct 10, 2026 | $43.88m |
| Oct 11, 2026 | $44.36m |
| Oct 12, 2026 | $45.03m |
| Oct 13, 2026 | $41.96m |
| Oct 14, 2026 | $42.57m |
| Oct 15, 2026 | $41.89m |
| Oct 16, 2026 | $42.56m |
| Oct 17, 2026 | $41.56m |
| Oct 18, 2026 | $40.86m |
| Oct 19, 2026 | $41m |
| Oct 20, 2026 | $39.32m |
| Oct 21, 2026 | $40.23m |
| Oct 22, 2026 | $40.1m |
| Oct 23, 2026 | $38.65m |
| Oct 24, 2026 | $38.08m |
| Oct 25, 2026 | $38.1m |
| Oct 26, 2026 | $38m |
| Oct 27, 2026 | $39.01m |
TVL at each month end, Dec 2025 to Oct 2026
| Date | TVL |
|---|---|
| Dec 31, 2025 | $23.21m |
| Jan 31, 2026 | $27.45m |
| Feb 28, 2026 | $24.49m |
| Mar 31, 2026 | $29.65m |
| Apr 30, 2026 | $28.45m |
| May 31, 2026 | $47.71m |
| Jun 30, 2026 | $41.52m |
| Jul 31, 2026 | $34.14m |
| Aug 31, 2026 | $47.17m |
| Sep 30, 2026 | $49.34m |
| Oct 27, 2026 (latest) | $39.01m |
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-kmhype
Frequently asked questions
What is Kinetiq kmHYPE's TVL?
As of Oct 27, 2026, Kinetiq kmHYPE has $39.91m in total value locked. TVL has decreased 24.9% over the past 30 days.
What chains does Kinetiq kmHYPE operate on?
Kinetiq kmHYPE operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How does Kinetiq kmHYPE's TVL compare to similar protocols?
Among Liquid Staking protocols tracked by DefiLlama, Kinetiq kmHYPE ranks #44 by TVL. The category holds $53.72b across 266 protocols, and Kinetiq kmHYPE accounts for 0.1% of that total. Similar protocols include Kinetiq kHYPE, stHYPE, Hyperbeat LST, Kinetiq Launch, Kintsu, SpinUp Liquid Staking, Stratium HYPE Staking, Lido, Binance staked ETH, and ether.fi Stake.