Key Metrics
Fees 30d$32,048
Fees 30d by chain
Hyperliquid L1$32,048
Fees 7d$3,121
Hyperliquid L1$3,121
Fees 24h$461
Hyperliquid L1$461
Cumulative Fees$871,450
Hyperliquid L1$871,450
Revenue 30d$8,903
Revenue 30d by chain
Hyperliquid L1$8,903
Revenue 7d$1,049
Hyperliquid L1$1,049
Revenue 24h$159
Hyperliquid L1$159
Cumulative Revenue$96,574
Hyperliquid L1$96,574
Holders Revenue 30d$0
Holders Revenue 30d by chain
Hyperliquid L1$0
Holders Revenue 7d$0
Hyperliquid L1$0
Holders Revenue 24h$0
Hyperliquid L1$0
Cumulative Holders Revenue$0
Hyperliquid L1$0
Perp Volume 30d$138.23m
Perp Volume 30d by chain
Hyperliquid L1$138.23m
Perp Volume 7d$14.44m
Hyperliquid L1$14.44m
Perp Volume 24h$1.22m
Hyperliquid L1$1.22m
Cumulative Perp Volume$4.648b
Hyperliquid L1$4.648b
Open Interest$8.06m
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.
Sub Category: Hyperliquid HIP3 Deployer
Audits:
Methodology
Fees: Trading fees paid by users on Kinetiq's HIP-3 markets on Hyperliquid.View code on GitHubRevenue: Kinetiq's deployer-fee cut of its HIP-3 market fees.View code on GitHubHolders Revenue: View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Kinetiq Markets history
Fees, revenue and holders revenue by UTC calendar month, Jan 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jan 2026 | $143,638 | $0 | $0 |
| Feb 2026 | $159,613 | $0 | $0 |
| Mar 2026 | $139,722 | $8,704 | $0 |
| Apr 2026 | $76,515 | $21,221 | $0 |
| May 2026 | $93,373 | $21,079 | $0 |
| Jun 2026 | $44,092 | $9,644 | $0 |
| Jul 2026 | $43,925 | $6,868 | $0 |
| Aug 2026 | $60,833 | $9,376 | $0 |
| Sep 2026 | $92,553 | $13,296 | $0 |
| Oct 2026 (to date) | $17,186 | $6,386 | $0 |
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-markets
Frequently asked questions
What chains does Kinetiq Markets operate on?
Kinetiq Markets operates on Hyperliquid L1.
How much has Kinetiq Markets generated in fees and revenue?
Over the past 30 days, Kinetiq Markets generated $32,048 in fees. Of that, $8,903 was protocol revenue. Based on the trailing year, the annualized rate is $1.1m in fees and $159,500 in revenue.
How does Kinetiq Markets' TVL compare to similar protocols?
Among Interface protocols tracked by DefiLlama, Kinetiq Markets ranks #104 by TVL. The category holds $590,774 across 350 protocols, and Kinetiq Markets accounts for 0% of that total. Similar protocols include Ventuals, LiquidBots, Jupiter Prediction, otomate.trade, DESK CLOB, DFlow Prediction Market, Raydium Perps, PriveX, pvp.trade Perps, and Axiom Perps.
How much perpetual futures volume does Kinetiq Markets process?
Kinetiq Markets processed $138.23m in perpetual futures volume over the past 30 days.