Airdrop Campaign Drives Billions Into Kinetiq
DeFi investors are flooding into Kinetiq, the Hyperliquid-linked liquid staking protocol, as its points program fuels rapid growth.
TVL has spiked from $458 million in July to more than $2.1 billion, according to DefiLlama. While HYPE’s 20% price increase contributed to the rise, the bigger driver has been deposits: staked HYPE soared from less than 10 million tokens to nearly 40 million in just two months.
By staking HYPE, users collect both standard rewards and points that may be exchanged for future Kinetiq token allocations. That “double yield” opportunity is proving irresistible for many traders, who have amplified the trend on X.
The surge underscores Hyperliquid’s strengthening role as a DeFi heavyweight, attracting liquidity, trading, and staking demand at pace.
