Airdrop Campaign Sends Kinetiq TVL Soaring Past $2B
Kinetiq’s staking campaign has transformed it into one of the fastest-growing protocols in DeFi. TVL has ballooned from $458 million in July to $2.1 billion, DefiLlama data shows.
The increase stems from two factors: a 20% appreciation in Hyperliquid’s HYPE token and a sharp rise in deposits. HYPE staked through Kinetiq quadrupled in two months, climbing from under 10 million tokens to almost 40 million.
The incentive structure has proven highly effective. Participants earn regular staking rewards while also collecting points that could convert into Kinetiq tokens in the future. For yield-seeking traders, that “double yield” opportunity has been too good to ignore.
