Total Value Locked$5.84m
TVL by Chain
Hyperliquid L1$5.84m
Key Metrics
Fees 30d$10,190
Fees 30d by chain
Hyperliquid L1$10,190
Fees 7d$2,208
Hyperliquid L1$2,208
Fees 24h$95
Hyperliquid L1$95
Cumulative Fees$31,495
Hyperliquid L1$31,495
Revenue 30d$1,014
Revenue 30d by chain
Hyperliquid L1$1,014
Revenue 7d$220.01
Hyperliquid L1$220.01
Revenue 24h$9.52
Hyperliquid L1$9.52
Cumulative Revenue$3,146
Hyperliquid L1$3,146
Holders Revenue 30d$712.67
Holders Revenue 30d by chain
Hyperliquid L1$712.67
Holders Revenue 7d$154.35
Hyperliquid L1$154.35
Holders Revenue 24h$6.66
Hyperliquid L1$6.66
Cumulative Holders Revenue$2,203
Hyperliquid L1$2,203
Protocol Information
Launch is an Exchange-as-a-Service (EaaS) platform built on Hyperliquid's HIP-3 protocol, enabling anyone to deploy and operate their own perpetual futures exchange.
Audits:
Methodology
TVL: Sums the HYPE backing every bonded Kinetiq Launch LST. Bonded markets are discovered on-chain from the factory MarketBonded event and resolved via getMarketContracts; each market's TVL is totalStaked - totalClaimed + totalRewards - totalSlashing read from its staking accountant.View code on GitHubFees: Gross validator staking rewards generated by Kinetiq Launch LSTs.View code on GitHubRevenue: 10% performance fee taken on LST staking rewards (the full fee accrues to Kinetiq).View code on GitHubHolders Revenue: Buyback share (default 70%) of the performance fee.View code on GitHubCompetitors
Kinetiq Launch history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 25, 2026 to Oct 27, 2026.
All-time high TVL: $7.17m on Sep 23, 2026. All-time low TVL: $2.51m on Aug 2, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $6.68m |
| Sep 29, 2026 | $6.4m |
| Sep 30, 2026 | $6.36m |
| Oct 1, 2026 | $6.63m |
| Oct 2, 2026 | $6.46m |
| Oct 3, 2026 | $6.58m |
| Oct 4, 2026 | $6.58m |
| Oct 5, 2026 | $6.66m |
| Oct 6, 2026 | $6.96m |
| Oct 7, 2026 | $6.78m |
| Oct 8, 2026 | $6.51m |
| Oct 9, 2026 | $6.22m |
| Oct 10, 2026 | $6.22m |
| Oct 11, 2026 | $6.3m |
| Oct 12, 2026 | $6.4m |
| Oct 13, 2026 | $5.95m |
| Oct 14, 2026 | $6.01m |
| Oct 15, 2026 | $5.99m |
| Oct 16, 2026 | $6.05m |
| Oct 17, 2026 | $5.91m |
| Oct 18, 2026 | $5.81m |
| Oct 19, 2026 | $5.85m |
| Oct 20, 2026 | $5.83m |
| Oct 21, 2026 | $5.94m |
| Oct 22, 2026 | $5.91m |
| Oct 23, 2026 | $5.73m |
| Oct 24, 2026 | $5.62m |
| Oct 25, 2026 | $5.65m |
| Oct 26, 2026 | $5.66m |
| Oct 27, 2026 | $5.77m |
TVL at each month end, Jun 2026 to Oct 2026
| Date | TVL |
|---|---|
| Jun 30, 2026 | $3.67m |
| Jul 31, 2026 | $2.67m |
| Aug 31, 2026 | $3.91m |
| Sep 30, 2026 | $6.36m |
| Oct 27, 2026 (latest) | $5.77m |
Fees, revenue and holders revenue by UTC calendar month, Jun 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jun 2026 | $3,029 | $303.42 | $212.99 |
| Jul 2026 | $6,268 | $627.70 | $437.08 |
| Aug 2026 | $5,055 | $506.63 | $353.43 |
| Sep 2026 | $8,131 | $810.96 | $569.67 |
| Oct 2026 (to date) | $9,107 | $906.64 | $636.09 |
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-launch
Frequently asked questions
What is Kinetiq Launch's TVL?
As of Oct 27, 2026, Kinetiq Launch has $5.84m in total value locked. TVL has decreased 14.6% over the past 30 days.
What chains does Kinetiq Launch operate on?
Kinetiq Launch operates on Hyperliquid L1. Hyperliquid L1 holds the largest share at 100%.
How much has Kinetiq Launch generated in fees and revenue?
Over the past 30 days, Kinetiq Launch generated $10,190 in fees. Of that, $1,014 was protocol revenue. Based on the trailing year, the annualized rate is $85,789 in fees and $8,569 in revenue.
How does Kinetiq Launch's TVL compare to similar protocols?
Among Liquid Staking protocols tracked by DefiLlama, Kinetiq Launch ranks #79 by TVL. The category holds $53.01b across 266 protocols, and Kinetiq Launch accounts for <0.1% of that total. Similar protocols include Kinetiq kHYPE, stHYPE, Kinetiq kmHYPE, Hyperbeat LST, Kintsu, SpinUp Liquid Staking, Stratium HYPE Staking, Lido, Binance staked ETH, and ether.fi Stake.