Kinetiq, a Liquid Stake Protocol built around the Hyperliquid Hype -Token, has seen an explosion of influx in recent weeks as users hang in to breed Protocol’s AirDrop Points campaign.
Total value locked (Tvl) At Kinetiq, jumps from approx. $ 458 million in mid -July to over $ 2.1 billion today, according to Defillama.
While part of the increase can be attributed to a 20% increase in the price of hype over the same period, another large driver has been raw deposits. The amount of hype Staked has risen from less than 10 million tokens in July to almost 40 million now. Kinetiq’s Points Program opened mid-July and emphasized that it is running activity in its ecosystem.
The wave demonstrates the growing influence of Hyperliquid, which quickly becomes a defi -tongue weight as liquidity, trade activity and demand demand migrates on its ecosystem.
Point programs in particular, where protocols distribute future token distributions to early participants, continue to draw on yield-hungry cryptoin vestors. By putting hype through kinetiq, users not only earn standard rewards to the standard, but also accumulate points against a potential kinetiq token -airdrop.
For many DEFI dealers, this option for double yield has proved irresistible, some have shared on X.
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