Kintetiq Airdrop Spurs Yield Farmers to Pile Into HyperLiquid Staking

Kinetiq TVL Surpasses $2B as Airdrop Points Fuel Demand

Kinetiq, the liquid staking platform for Hyperliquid’s HYPE token, has recorded a surge in activity as users flock to farm airdrop rewards.

Total value locked (TVL) on the protocol has climbed from around $458 million in July to more than $2.1 billion today, according to DefiLlama. While a 20% rise in HYPE’s price has contributed, the larger factor has been new deposits. Staked HYPE jumped from under 10 million tokens in July to nearly 40 million.

The growth is tied to Kinetiq’s points program launched mid-July, which rewards users with standard staking yields plus points for a potential future airdrop. The double benefit has drawn strong inflows, highlighting Hyperliquid’s expanding role in the DeFi ecosystem.