kHYPE by @kinetiq_xyz has been utilized in very interesting ways so far on HyperEVM, dominating volume + TVL across several verticals by unlocking maximum capital efficiency for those who aim to deploy their HYPE while pulling in staking rewards
Some examples of how and where:
An extremely unknown fact is that as of last week, @kinetiq_xyz has processed nearly $900m (~$871m) in swaps on our frontend, powered by @EnsoBuild.
Kinetiq makes no money on this, solely providing it as an option for users to ensure they're getting the best rate when staking their HYPE –– guaranteed.
(Hint, this has been used a lot for capturing kHYPE-HYPE arbs!)
Across HyperEVM, kHYPE tops daily volume pretty much exclusively, bar some days where stablecoins like @USDT0_to and USDC may trade more.
Kinetiq kHYPE & vkHYPE markets on @pendle_fi make are the 2nd largest on all of Pendle, with ~$960m in deposits –– hilariously sandwiched between @ethena_labs sUSDE and USDe
kHYPE makes up just over 10% of @ryskfinance (~$2.45m), cheers to @DanDeFiEd / @Jib0xD for creating this really cool primitive on HyperEVM, super dope to see the excitement around the product
Combined, kHYPE (+ PT-kHYPE) make up $617m in deposits on @hyperlendx, @felixprotocol and @HypurrFi
Largest market(s) on Hyperlend: $305.24m
2nd largest market(s) on Felix behind HYPE: $271.2m
2nd largest market(s) on HypurrFi behind HYPE: $41.24m
Earn vault in collaboration with @veda_labs natively on @kinetiq_xyz, making it the 4th largest vault in the industry per @DefiLlama:
kHYPE-paired pools on @prjx_hl make up nearly ~$50m on the platform, resembling ~45% of TVL
kHYPE/HYPE is the single largest LP there with >30% of its total TVL, ~2x the next largest pool
p.s. ty for dark mode @BOBBYBIGYIELD and @Lamboland_
Safe to cap this one off by saying we're extremely excited to see further use from kHYPE across every critical DeFi vertical, and exciting to see more and more primitives come to life leveraging kHYPE, its liquidity, and integrations
Jobs barely even started
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