Compare Kinetiq and WBTC on TVL, fees, revenue and activity to understand how these projects stack up.
$961.53M
Kinetiq is a non-custodial liquid staking protocol built natively on Hyperliquid L1. Users stake HYPE and receive kHYPE, a liquid, yield-accruing representation usable across the Hyperliquid DeFi ecosystem. Behind the scenes, StakeHub — Kinetiq’s autonomous validator scoring and delegation system — routes stake to the highest-performing validators to maximise yield and reinforce network security. kHYPE grows in value automatically through validator rewards, requires no claiming, and remains fully composable for lending, liquidity provision and advanced yield strategies. Kinetiq’s architecture emphasises security through multi-layered safeguards, multiple independent audits and a $5M bug bounty. The protocol also offers iHYPE, a compliant, institution-ready staking solution. With over a billion dollars staked, Kinetiq powers scalable, efficient and integrated liquid staking for the entire Hyperliquid ecosystem.
Wrapped BTC (WBTC) is a Bitcoin‑backed ERC‑20 minted by BitGo under a multi‑sig controlled by merchants and custodians. Each token is 1:1 redeemable for BTC, with reserves published every 24 hours and verifiable on chain. WBTC accounts for more than 70 % of tokenised bitcoin on Ethereum and serves as core collateral for Aave, Maker and Compound.