Pendle's Kinetiq market size exceeds $1 billion
Source: CoinWorld
Time: 2025-09-12 03:30:16
Pendle's total locked value of kHYPE market (TVL) exceeds $1 billion, making it the platform's third largest market after Ethena's USDe and sUSDe. kHYPE accounts for nearly 80% of the share, with the rest being occupied by Veda kHYPE. PENDLE and HYPE both achieved significant growth in 2025, up 170% and 480% from their respective lows, respectively. Although the token release date has not been determined, this growth has been driven by Kinetiq points earned by kHYPE YT holders before the expected airdrop. Kinetiq’s autonomous validator scoring system attracted a large number of pledges from HYPE before it was officially released.