Trading just changed forever.
Introducing the Markets app:
• Trade 24/7, including weekends & after-hours
• Curate your personalized social feed
• Get signals before they're priced in
• Follow the top onchain traders
Download Markets on iOS 👇
Launch by Kinetiq is now live on Hyperliquid.
Sourcing for aspiring HIP-3 deployers has just changed, for good.
Stakers can back any deployer and earn a permanent share of their trading fees, in perpetuity.
You can just.. Launch things.
We're kicking off the USDH → USDC collateral migration tomorrow.
Starting June 10th, we'll begin winding down existing markets and settling open positions at mark price, working from least to most active over the coming days, ahead of the full transition to USDC. The final day to migrate will be June 17th.
If you're holding positions: every close settles at mark. We'll post the schedule below + have daily reminders before each batch so nothing catches you off guard.
USDC deployment + relisting of core markets is imminent, and details will be shared soon.
Full Market Settlement Schedule below.
Kinetiq has served as the foundation pillar of Hyperliquid's ecosystem since its launch nearly 1 year ago.
Kinetiq is now the 4th largest LST globally, and created the most robust liquid staking suite onchain, while pioneering the largest USDH HIP-3 DEX on Hyperliquid.
The $KNTQ TGE was an inflection point that ultimately proved that Kinetiq serves the greater ecosystem far beyond the surface level.
Every form of value the protocol generates is captured solely by the $KNTQ token - from staking revenue, to trading fees, to validator participation, and beyond.
Today, thinking of Kinetiq as merely a liquid staking protocol would be identical to thinking of Hyperliquid as merely a perps DEX, and the job has only just started.
The final kPoints snapshot will take place on September 29th, 2026, and the final distribution will take place on October 1st, 2026.
Heavily Kinetiq coded.
HYPE is the most pristine asset in crypto
kHYPE is what happens when you stop letting it sit idle, liquid, productive, working 24/7 instead of doing nothing in a wallet
2.1% of the entire global staking market figured that out in under a year
Just put the k on it lil bro
Don't think people have fully internalized how big @Kinetiq_xyz has become in less than 1 year.
What you're looking at is multi-year old assets and protocols that make up ~97% of the global liquid staking market
Meanwhile the only one to meaningfully penetrate the ETH/SOL liquid staking monopoly and the old DeFi guard is Kinetiq's $kHYPE, which now makes up ~2.1% of the entire liquid staking market
The most pristine crypto asset deserves the most pristine treatment. Just put the k on it.
h/t @KaikoData for the data
This was 18 months of refusing to take every shortcut available.
You can't rent your way to where we're going. We didn't, which is why we're going there.
The idea for @Kinetiq_xyz was formed at the end of summer '24 as a completely blind, but calculated bet to become the cornerstone of @HyperliquidX, this was long before the $HYPE token was even announced.
It took day in, day out of personally talking to every possible staker, from retail to institutional (which we still doto this day), that formed what would become the fastest growing liquid staking protocol ever, and eventually create @Markets_xyz as well - the first, and only time a liquid staking protocol has ever entered a completely different arena and significantly diversified its business.
We've always operated without any blessing, we are the culmination of what it looks like when pure hard work and unrelenting will to experiment meets network purity.
- No paid staking deals on @Kinetiq_xyz, even as the only post-TGE LST
- No paid-for volume on @Markets_xyz, even as the only post-TGE HIP-3 DEX
We weren't "rugged" by Hyperliquid, as many think or suggest.
We have pushed staking way farther than previously imagined, and will continue to do so.
As the party responsible for the vast majority of USDH growth, this is merely a dust mound on the cosmic-scale of challenges to solve.
Kinetiq is the largest protocol on Hyperliquid today by an extremely comfortable margin because we know our users inside out, and due to the fact that our willingness to push the envelope simply has no limits.
There isn't enough $HYPE and $KNTQ in the world.
If you're a @Markets_xyz user, you don't need to do anything right now.
We'll surface every update from Hyperliquid, Coinbase, Circle, and Native Markets the moment it lands.
Markets by Kinetiq will work with @HyperliquidX and @nativemarkets to ensure a seamless transition to USDC for the margin asset for the DEX.
First, credit where it's due: Native Markets pioneered the first production-scale protocol-aligned stablecoin. AQAv2 wouldn't exist without that work, and we were proud to ship it alongside them.
Kinetiq contributed to >50% of USDH growth via $KNTQ and @Markets_xyz. The fragmentation between USDH <> USDC was completely abstracted on both frontends, desktop and mobile. That same abstraction layer makes the USDC transition invisible to traders.
To traders of km assets, and kmHYPE stakers:
As usual, we'll be over-communicative on the next steps and ultimately this does not affect stake, or $HYPE / $KNTQ buybacks in the slightest. Listings will carry over and expand aggressively.
There is no action required on behalf of traders at this time.