Kinetiq is the liquid-staking protocol for Hyperliquid, powering kHYPE. Enabling "Launch", the first Exchange-as-a-Service platform under HIP-3 so teams can deploy perp exchanges without needing huge upfront capital.
Over the last 30 days Markets by Kinetiq processed $250.03M in perpetual futures trading volume across 4 listed markets, with 1,655 unique traders and 234,344 trades. Total fees collected: $30.61K. Open interest on Markets by Kinetiq (estimated from fills): $2.15M as of 2026-09-01.
| Rank | Symbol | 30d Volume (USD) | Open Interest (USD) | Trade Count |
|---|---|---|---|---|
| 1 | USTECH | $132.24M | n/a | 111,691 |
| 2 | US500 | $111.30M | n/a | 121,079 |
| 3 | USBOND | $4.32M | n/a | 860 |
| 4 | SMALL2000 | $2.17M | n/a | 714 |
| Symbol | Mark Price | Open Interest | Volume (All Time) | Traders (All Time) | Fees (All Time) | Trades (All Time) | Chart |
|---|---|---|---|---|---|---|---|
FAQs
The dashboard attributes Markets by Kinetiq volume, open interest, trades, traders, fees, and symbol activity across its builder-deployed perpetual markets.
Markets by Kinetiq is a builder-deployed HIP-3 perpetual market group on Hyperliquid. Its builder selects markets and operates the deployment while orders use Hyperliquid's underlying trading infrastructure.
It is the notional value traded in the tracked Markets by Kinetiq perpetual markets during the selected period. It measures turnover, not capital deposited or positions still open.
Open interest estimates the notional value of outstanding Markets by Kinetiq perpetual positions. Compare it with volume to distinguish retained exposure from rapid turnover.
Unique traders measure participation breadth, while trade count and volume measure activity. Together they show whether Markets by Kinetiq usage is broad or concentrated among a small number of active accounts.
The analytics aggregate reported fees associated with tracked trading activity. Fees should be compared with volume and trade count because a larger fee total can reflect either more activity or a different fee mix.