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Project Overview
Kinetiq is a liquidity staking protocol on Hyperliquid aims to establish kHYPE as the pioneering staking pool on Hyperliquid, utilizing StakeHub as its operating system.
~$3.415M HYPE transferred from Kinetiq to an unknown wallet
According to Whale Alert, 387,005 HYPE (worth approximately $3.41523 million) were transferred from Kinetiq to an unknown wallet 20 minutes ago.
HyperCore Transfers 447,824 HYPE to Kinetiq, Worth Over $39.5 Million
Odaily News — According to WhaleAlert monitoring, approximately 25 minutes ago, HyperCore transferred 447,824 HYPE to Kinetiq, valued at approximately $39,563,029.
Kinetiq ends its kPoints program, switching to a paid claim model for KNTQ, causing the token price to drop over 30% at one point.
According to The Defiant, Kinetiq, a liquid staking protocol within the Hyperliquid ecosystem, announced the conclusion of its kPoints program. Rather than receiving free KNTQ tokens, point holders will obtain the right to purchase the tokens at a fixed price. Kinetiq has allocated 50 million KNTQ for this program, with a purchase price of $0.26 per token and a 10-day claim window. If fully redeemed, it is expected to generate $13 million in revenue. In terms of market performance, KNTQ traded at approximately $0.422 prior to the announcement, dropping to around $0.281 shortly after, marking a maximum decline of roughly 33%. It later rebounded to near $0.325, still representing a decrease of about 23% compared to pre-announcement levels. Kinetiq stated that any unclaimed KNTQ remaining after the 10-day period will be returned to the Kinetiq Foundation for use in ecosystem and growth initiatives. Previously, the kPoints program had distributed approximately 36.8 million points in total.
The Elysium L2 testnet for the Hyperliquid ecosystem is now live.
Per Kinetiq's official announcement, the Elysium testnet, an L2 network in the Hyperliquid ecosystem, is now live. It settles transactions on the HyperEVM and is colocated with HyperCore, using HYPE as its native gas token. Powered by Conduit's G2 sequencer, Elysium aims to support general-purpose DeFi and on-chain spot trading applications. The testnet browser and developer documentation are currently accessible.
Hyperliquid Launches Bitcoin Volatility Index Perpetual Contract
Odaily News: Hyperliquid has launched a perpetual contract linked to the Volmex Bitcoin implied volatility index, allowing traders to directly trade the magnitude of Bitcoin price fluctuations rather than price direction.Kinetiq's Markets, together with Volmex and Perps.fun, jointly pushed for the launch of this product. This is the first on-chain perpetual contract market for the Volmex Bitcoin volatility index. (CoinDesk)
Kraken Lists Wrapped HYPE on Its Layer 2 Network INK, Named kHYPE
Odaily News: HyperliquidNews posted on platform X, stating that Kraken has announced the listing of Wrapped HYPE on its Layer 2 network INK, with the token named kHYPE, which could easily be confused with a token of the same name launched by Kinetiq.
Elysium Launch Imminent: Kinetiq to Launch L2 Network for Hyperliquid
Odaily News – HyperliquidNews posted on X platform that Kinetiq has published an article introducing Elysium. Elysium will use HYPE as its network gas token and will connect with Hyperliquid's HyperEVM and HyperCore. Kinetiq stated that Elysium will enhance transaction processing performance and throughput, supporting Hyperliquid spot trading, PropAMM deployments, and native oracle functionalities based on Hyperliquid data. The article states that Elysium will provide a high-performance EVM environment, supporting token launches from long-tail AMMs, integration with PropAMM, creation of HyperCore spot order books, and perpetual contract deployments via HIP-3. Elysium's sequencer fee allocation plan is as follows: 25% allocated to developer incentives, 25% to the Kinetiq treasury, and 50% used for programmatic KNTQ purchases on the open market, with the purchased KNTQ sent to the Hyperliquid Assistance Fund for burning. Kinetiq stated that Elysium will launch soon, with technical specifications for developers and traders to be released in the near future. At launch, its throughput and performance will exceed that of HyperEVM.
Hyperion DeFi discloses HYPE token holdings exceed 2 million, Q1 net profit reaches $8.8 million
Odaily Odaily, Nasdaq-listed HYPE treasury company Hyperion DeFi released its Q1 financial report, disclosing a Q1 net profit of $8.8 million, an improvement from a net loss of $39.8 million in Q4 2025. Since the end of Q1, it has increased its holdings by approximately 60,000 HYPE tokens. Currently, its HYPE token holdings have exceeded 2 million, and its validator node has been delegated 10.2 million HYPE, ranking among the top six validators, second only to the Hyperliquid Foundation. In addition, the company holds 1.92 million KNTQ tokens and 10 million HPL tokens. (Globenewswire)
Related news
~$3.415M HYPE transferred from Kinetiq to an unknown wallet
According to Whale Alert, 387,005 HYPE (worth approximately $3.41523 million) were transferred from Kinetiq to an unknown wallet 20 minutes ago.
Kinetiq ends its kPoints program, switching to a paid claim model for KNTQ, causing the token price to drop over 30% at one point.
According to The Defiant, Kinetiq, a liquid staking protocol within the Hyperliquid ecosystem, announced the conclusion of its kPoints program. Rather than receiving free KNTQ tokens, point holders will obtain the right to purchase the tokens at a fixed price. Kinetiq has allocated 50 million KNTQ for this program, with a purchase price of $0.26 per token and a 10-day claim window. If fully redeemed, it is expected to generate $13 million in revenue. In terms of market performance, KNTQ traded at approximately $0.422 prior to the announcement, dropping to around $0.281 shortly after, marking a maximum decline of roughly 33%. It later rebounded to near $0.325, still representing a decrease of about 23% compared to pre-announcement levels. Kinetiq stated that any unclaimed KNTQ remaining after the 10-day period will be returned to the Kinetiq Foundation for use in ecosystem and growth initiatives. Previously, the kPoints program had distributed approximately 36.8 million points in total.
HyperCore Transfers 447,824 HYPE to Kinetiq, Worth Over $39.5 Million
Odaily News — According to WhaleAlert monitoring, approximately 25 minutes ago, HyperCore transferred 447,824 HYPE to Kinetiq, valued at approximately $39,563,029.
The Elysium L2 testnet for the Hyperliquid ecosystem is now live.
Per Kinetiq's official announcement, the Elysium testnet, an L2 network in the Hyperliquid ecosystem, is now live. It settles transactions on the HyperEVM and is colocated with HyperCore, using HYPE as its native gas token. Powered by Conduit's G2 sequencer, Elysium aims to support general-purpose DeFi and on-chain spot trading applications. The testnet browser and developer documentation are currently accessible.
Hyperliquid Launches Bitcoin Volatility Index Perpetual Contract
Odaily News: Hyperliquid has launched a perpetual contract linked to the Volmex Bitcoin implied volatility index, allowing traders to directly trade the magnitude of Bitcoin price fluctuations rather than price direction.Kinetiq's Markets, together with Volmex and Perps.fun, jointly pushed for the launch of this product. This is the first on-chain perpetual contract market for the Volmex Bitcoin volatility index. (CoinDesk)
Kraken Lists Wrapped HYPE on Its Layer 2 Network INK, Named kHYPE
Odaily News: HyperliquidNews posted on platform X, stating that Kraken has announced the listing of Wrapped HYPE on its Layer 2 network INK, with the token named kHYPE, which could easily be confused with a token of the same name launched by Kinetiq.