Drift is a Solana-based decentralized exchange specializing in perpetuals, which also offers a liquid staking feature. Kinetiq focuses exclusively on liquid staking for the HYPE token, allowing users to stake and earn rewards while maintaining liquidity. Drift suits users interested in trading derivatives alongside staking, whereas Kinetiq is ideal for HYPE holders seeking a dedicated liquid staking solution.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $219.6MDefiLlama | $988.0MDefiLlama |
| MCap Rank | #1270 | #563 |
| Total Raised | $52.3M | $1.8M |
| Founded | 2021 | 2024 |
| Stage | — | — |
| X / Twitter | 0 | 26K |
| GitHub Stars | 395 | 7 |
| Chains | solana | hyperliquid |
| Tags | Derivatives, DeFi, Perp | DeFi, LSD, Decentralized Finance (DeFi) |
Drift is a decentralized exchange on Solana offering perpetual futures, prediction markets, and liquid staking. It features an Insurance Fund to maintain solvency and recently outlined a recovery plan for users after an exploit.
Kinetiq is a non-custodial liquid staking protocol built natively on Hyperliquid L1. It allows users to stake HYPE tokens and receive kHYPE, a yield-bearing token that remains liquid and usable across DeFi, while automatically delegating staked assets to top-performing validators via its autonomous StakeHub system.