$HYPE has almost become the only highlight in the crypto circle recently. While $HYPE maintains its strong momentum and continues to set new historical highs, this strength has finally also driven the rise of HyperEVM ecosystem-related assets.
Kinetiq($KNTQ)
Kinetiq is a liquidity staking protocol on Hyperliquid, ranking first in TVL on HyperEVM, and is currently the only project with a TVL exceeding 1 billion dollars.
Users can stake $HYPE through Kinetiq to receive $kHYPE, which maintains liquidity while representing the staked position and can be used in various DeFi projects on HyperEVM. Kinetiq also has its Kinetiq Earn treasury launched in cooperation with Veda, where users can directly deposit $kHYPE or $HYPE to earn $vkHYPE. The treasury automatically executes DeFi strategies, allocating funds across various yield protocols, and distributing the earnings to treasury users.
Kinetiq's StakeHub system automatically delegates the staked $HYPE to the best-performing validators and continuously monitors their performance, continuously rebalancing the staking flows. As validator rewards flow to all $kHYPE holders, the value of $kHYPE will continue to grow.
$KNTQ is Kinetiq's governance token. Staking $KNTQ yields $sKNTQ, with a 7-day withdrawal cooling period after staking. Currently, the circulating staking rate of $KNTQ is 34.94%. Of the various revenues acquired by the protocol, aside from retaining a portion (30% of liquidity protocol income) for project operations, the remaining is used to buy back $KNTQ and distribute it to $KNTQ stakers. The total buyback amount is currently about 190,000 dollars.
It can basically be said that the better and more sustained the performance of $HYPE, the higher Kinetiq's protocol revenue (valued in $HYPE), and the more buybacks will occur. This is also why some players refer to $KNTQ as "little HYPE." In the past 7 days, $KNTQ has risen by about 48%, and by about 72% in the past 30 days, currently corresponding to a circulating market value of about 80.66 million dollars.
NEST($NEST)
NEST is a DEX on HyperEVM based on a voting and custodial governance model, which they call "MetaDEX."
Unlike passively distributing trading fees to liquidity providers or the treasury, MetaDEX redirects fees to token stakers, allowing them to vote on $NEST emissions and allocate them to liquidity providers.
In other words, whether to incentivize certain liquidity pools more or less is determined by $NEST stakers. $NEST stakers also receive 100% of the protocol swap fee income, as well as bribe income from different liquidity pools.
The longer the staking time, the greater the voting power and the higher the revenue share.
About 40% of the fee income will flow to the "Hype Engine," distributed in the form of $MEGAHYPE. Users can deposit $veNEST into the Hype Engine, and the engine will invest $HYPE to allow 1 $MEGAHYPE to yield more $HYPE.
Currently, about 20 million $NEST is emitted weekly, but the staking rate for this token is very exaggerated. The total staking rate reaches 63.68%, with the staking rate for the previous emission cycle reaching 86.6%. In the past 7 days, $NEST has risen by about 62%, and by about 739% in the past 30 days, currently corresponding to a circulating market value of about 5.78 million dollars.
Liquid Labs($LIQD)
This is a swap aggregator on HyperEVM, backed by a small team of four people. From the income data, this project's revenue in the past 30 days was only about 46,000 dollars, but the token $LIQD has risen by 60% in the past 7 days and by about 193% in the past 30 days, currently valued at about 3.35 million dollars.
This project is currently promoting their Liquid Core, an AMM that directly prices each swap using Hyperliquid's native oracle without price curves, providing better liquidity and execution with predictable and extremely low slippage. Additionally, they have a Liquid Launch, similar to pump.fun on HyperEVM.
Purr($PURR)
It is a meme coin announced during the end of March last year when Hyperliquid announced the HIP-1 proposal, and was later airdropped to early Hyperliquid users, making it the mascot of Hyperliquid.
Furthermore, the stock code for the publicly listed Hyperliquid Strategies, Inc. on Nasdaq is also PURR. The most expensive NFT on Hyperliquid, from the official Hypurr, also includes the letters PURR.
Undoubtedly, the biggest meme coin on HyperEVM is $PURR, and it is also the first meme coin to be listed on the spot market at Hyperliquid in history. $PURR has risen by 31% in the past 7 days, by about 93% in the past 30 days, currently with a market value of about 75.25 million dollars.
alright buddy($BUDDY)
The most influential native meme on Hyperliquid. It originally gained support from the Hypio NFT community due to an airdrop to Hypio, and "alright buddy" gradually became a common phrase within the Hyperliquid ecosystem.
The token $BUDDY has risen by 20% in the past 7 days and by about 103% in the past 30 days, currently with a market value of about 1.75 million dollars.
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