September 6th• 3 min read
Kinetiq KHYPE Hits $400M TVL in 24 Hours After Launch
Kinetiq's liquid staking protocol achieved remarkable success, attracting over $400 million in total value locked within just 24 hours of its July 15 launch on Hyperliquid's HyperEVM network.
Key takeaways
🚀 Record Launch: Kinetiq's kHYPE attracted over $400 million TVL within 24 hours of launch
💰 Institutional Interest: Major partners including FlowDesk and IMC Trading are backing the iHYPE institutional variant
🔗 DeFi Integration: kHYPE is immediately composable across HyperEVM's growing DeFi ecosystem
🎯 Growth Potential: Analysts project TVL could reach $450M-$1B as liquid staking adoption increases
Deep dive
Kinetiq's explosive launch demonstrates the strong demand for liquid staking solutions on Hyperliquid, with the protocol surpassing initial TVL projections of $300 million by over 30%.
The success is driven by Hyperliquid's recent CoreWriter upgrade enabling seamless interoperability between HyperEVM and HyperCore, allowing kHYPE to be used across multiple DeFi applications while earning staking rewards.
With institutional backing through iHYPE and integration with major DeFi protocols like Felix and Hyperlend, Kinetiq is positioned to capture a significant share of Hyperliquid's $20 billion staked HYPE market.
The protocol's autonomous validator selection and kPoints reward system further enhance its appeal to both retail and institutional users.
Polaris insights AI-generated
Disclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
