what's Markets?
Markets is a decentralized exchange (DEX) positioned as the first user-owned platform for trading global asset classes. It aims to provide a permissionless trading environment across various markets, integrating traditional and crypto assets. The ecosystem features sKNTQ as the value accrual mechanism and kmHYPE as the user-ownership mechanism, enabling participants to benefit from platform growth and governance through these components. Built on blockchain principles, it emphasizes decentralization and user control over exchange operations.
Markets purchased 200k KNTQ from revenue for sKNTQ stakers, increasing KNTQ:sKNTQ ratio.
Purchases nearly 200,000 KNTQ from open markets using designated revenue, which will be distributed to sKNTQ stakers as yield, perpetually increasing the KNTQ:sKNTQ ratio.
Traders are attending Token2049 SG event in 2026.
Offers 15x leverage trading on BMNR token with 24/7 availability.
Holds approximately 75% LST market share on Hyperliquid with roughly $850 million in deposits.
Raised $1.75 million from private investors, who hold only 7.5% of total token supply.
Listed RTX perpetual futures, marking the first perpetual future contract for a defense stock.
Launched USOIL perpetual trading on Hyperliquid with 24/7 availability, operating as the only tradeable oil market on the platform.
Achieved $1.51 billion in trading volume within the first 6 weeks since launch.
Processed 3.05 million trades within the first 6 weeks since launch.
Recorded $6.17 million in total liquidations within the first 6 weeks since launch.
Launched trading for SAMSUNG, HYUNDAI, and SK Hynix tickers on Markets via tradexyz platform.
Launched HIP-3 ticker km:MU for trading on Markets platform.
Launched HIP-3 ticker km:JPN225 for trading on Markets platform.
Upgraded UI/UX, adding a stats dashboard, trader leaderboard, liquidity statistics, and full L4 orderbook data. Data provided by Hydromancer.
Reached over $100 million in daily trading volume on February 3, 2026, with 11 listed tokens.
Achieved the lowest mean and maximum deviation price across all Silver markets on Hyperliquid during metals volatility on 2026-01-30.
Reached 3,241 users 6 weeks since launch.
Will conduct quarterly public investor calls streamed on X covering key metrics (earnings, opex) and operational highlights (growth, technical achievements), with Q1 call date to be announced.
Offers a GOLD-USDC trading pair with up to 25x leverage.
Listed BABA trading pair, achieving approximately 2x higher volume and open interest compared to TradeXYZ on the same pair, with a spread of 0.006% versus TradeXYZ's 0.413%.
Reached approximately 22% of circulating KNTQ staked as sKNTQ within approximately 7 hours.
Integrated with Pear Protocol, with Markets trading pairs featured in Pear's first basket product called 'The Smol Flippening'.
Reached $100 million in TVL or volume faster than any comparable protocol.
Markets enables bridging non-HL USDC to hypercore USDH at 1:1 ratio via Across Protocol for free, up to $1M per transaction, to facilitate trading on Markets.
Achieved over $10 million in trading volume and over $1.7 million in open interest on US500 pair within opening hours of launch.
Launched its first perpetual futures listing for US500 (S&P 500 index) on January 12, 2026, in partnership with pvp.trade.
Incentivizes trading of tokenized index with kPoints from Kinetiq and 5x TREAD Points for 100M volume starting January 12, 2026.
Introduces staking tiers for sKNTQ with five levels ranging from 50,000 to 2,500,000 sKNTQ, where kmHYPE minting allocations vary by tier.
888,888 kHYPE raised at Kinetiq to back kmHYPE for markets_xyz.
Kinetiq raises 888,888 kHYPE to back kmHYPE with $KNTQ-gated access and perp market fee distribution to LST holders.
The platform is operational and facilitating premarket trading, with users actively placing trades including shorts on assets like TSLA.
Spearbit completes security audit of kmHYPE and Kinetiq's launch infrastructure, covering EXManager, HIP3StakingManager, withdrawal queues, cross layer staking, validator bonding, slashing, and user exits.
Spearbit completes security audit of Kinetiq's launch LST stack including kmHYPE infrastructure, covering EXManager, HIP3StakingManager, withdrawal queues, and cross layer staking components.
USDH generated from the protocol is distributed to kmHYPE stakers and used to purchase HYPE, which increases the kmHYPE:HYPE exchange ratio.
markets_xyz has not yet launched and will use USDH as trading collateral when live.
LI.FI integration powers the swap functionality for kmHYPE and related tokens (kHYPE, vKHYPE).
PRJX enables swapping into kmHYPE from any coin following closure of the deposit window.
Executed kmHYPE minting with KNTQ-gated access, positioning as the first HIP-3 platform leveraging Kinetiq Launch infrastructure and the second-largest HIP-3 DEX by listings 2 months after launch.
Becomes the first HIP-3 enabled platform to leverage Launch infrastructure by Kinetiq following kmHYPE minting completion.
Announces staking for kmHYPE tokens starting December 8, 2025, and partnership with pvp_dot_trade for enhanced trading interfaces.
Launched Markets on Hyperliquid for 24/7 onchain trading of perps, stocks, commodities, global markets, and Hong Kong stocks with 200K TPS; also launched kmHYPE token (888,888 fixed supply) with KNTQ holders minting December 8 (FCFS) and kmHYPE holders receiving 10% of Markets revenue. Added HIP-3 ticker km:PLTR.
KNTQ holders can mint kmHYPE tokens on first-come-first-served basis beginning December 8.
Kinetiq introduces "Markets" on Hyperliquid and launches kmHype as a new stablecoin.
Maximum supply capped at 888,888 tokens, offering 2.2% staking return plus 10% revenue share from marketsxyz hip-3 markets.
kmhype mint features 888,888 maximum supply with 10% perpetual revenue share from HIP-3 markets and 2.2% HYPE staking returns. Native Markets is involved in the project as one of the parties in the collaboration.
Launches kmHYPE as the first exLST, with minting exclusively available to KNTQ token holders.
Minting event launches exclusively for KNTQ holders across 3 cohorts, offering 10% minimum gross revenue distribution to kmHYPE holders and 1:1 staking conversion from kHYPE to kmHYPE.
Harmonix Finance integrates markets_xyz as one of the HIP3 markets for running delta-neutral strategies through their upcoming haUSD stablecoin vault.
HIP-3 MarketsXYZ announcement is coming soon for $KNTQ, which currently trades at 0.14 FDV/TVL ratio.
Podcast episode featuring Kinetiq CoFounder covers markets_xyz and HIP-3 markets, teasing upcoming developments that coincide with tomorrow's KNTQ token launch.
Featured as a new protocol launch in a crypto daily digest newsletter.