Kinetiq (KNTQ): D-Score 27/100 — Centralized Leaning BlockIndex D-Score: 27/100 (Centralized Leaning). Kinetiq (KNTQ) is a Layer 2 cryptocurrency using Other consensus. Kinetiq: Hyperliquid-native liquid staking protocol with kHYPE, StakeHub delegation, and KNTQ value-accrual mechanics. Source: https://blockindex.ai/coin/kntq · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 27: Node distribution: 0: Initial distribution: 0: Governance: 20: Age and history: 7: Autonomy: 0: Key facts - Layer: Layer 2 - Consensus: Other (N/A) - Launch: Airdrop (2025) - Founder: Magnus Lai, Founding Member - VC funded: Yes - Max supply: 1,000,000,000 - Circulating: 280,476,190 (28.0%) Market data (as of 2026-06-19) - Price: $0.2 - Market cap: $55.04M - 24h volume: $1.58M - 24h change: -6.96% · 7d change: -9.75% About Kinetiq (KNTQ) is a Hyperliquid-native liquid staking protocol focused on making HYPE staking liquid, usable, and capital efficient across DeFi. Its main staking product allows users to stake HYPE, the native token of Hyperliquid, and receive Kinetiq Staked HYPE (kHYPE) as a liquid receipt asset. This design lets users remain exposed to staking rewards while retaining flexibility to deploy liquidity elsewhere in the Hyperliquid and HyperEVM ecosystem. KNTQ is the protocol's governance and value-accrual token, launched on Hyperliquid in November 2025 after documented seed fundraising of $1.75 million on October 22, 2025. Magnus Lai is listed as a founding member, while no CEO or full executive team was documented in the supplied source material. Technically, Kinetiq is not an independent Layer-1 blockchain. It is a token and protocol built on Hyperliquid and HyperEVM, with KNTQ deployed at the contract address 0x000000000000780555bd0bca3791f89f9542c2d6. Its delegation architecture centers on StakeHub, described as an autonomous validator scoring and delegation system that automatically routes staked HYPE to top-performing Hyperliquid validators. Kinetiq also introduces sKNTQ, the staked form of KNTQ, which receives value through buybacks, distributions, and burns. HyperEVM infrastructure data in the supplied summary reports 36,857,218 latest blocks, 149.03 million transactions, around 10.9 TPS, and approximately 0.98 second block timing, but these are parent-chain metrics rather than KNTQ-specific blockchain statistics. Kinetiq's use case is centered on liquid staking, validator delegation, and protocol value capture within the Hyperliquid ecosystem. kHYPE provides a liquid staking position for HYPE holders, while StakeHub aims to improve delegation quality by selecting validators based on scoring. KNTQ and sKNTQ expand the model from liquid staking into a value-accrual token economy, where protocol revenue streams from validator commissions, staking revenue, market fees, Launch revenue, KIP-2 revenue, and trading-fee mechanics can be routed into buybacks, holder distributions, treasury operations, or burns. The protocol has gained visibility through CoinMarketCap, CoinGecko, DefiLlama, Hyperevmscan, Kraken, Gemini, Hyperliquid, Project X, Hypertrade, OpenOcean, and Raydium. KNTQ has a hard-capped maximum and total supply of 1 billion tokens. The circulating supply reported in the source material is about 280.47 million to 280.48 million KNTQ, equal to roughly 28.05% of max supply. Distribution data in the DScore extraction identifies an investor vault of 75 million KNTQ, a team vault of 235 million, a foundation vault of 100 million, an ecosystem vault of 300 million, and a liquidity vault of about 9.52 million, with the remaining circulating supply made available through public allocation mechanics including airdrop distribution. The tokenomics section describes 25% allocated to eligible airdrop recipients and a value-accrual model where protocol revenue supports KNTQ buybacks, sKNTQ distributions, and burns. Governance is currently in an early state. KNTQ is described as the governance token of Kinetiq, but DefiLlama states governance is not currently enabled and that Kinetiq will provide additional information when this changes. DefiLlama also lists associated entities including DAOLabs, Foundation, and other IP and brand structures, but the exact corporate entity and legal structure were not provided. The available development and roadmap information points to continued expansion of KNTQ staking, sKNTQ value accrual, Markets.xyz benefits, liquid staking adoption, and future governance activation rather than a fully operational on-chain DAO today. Links - Website: https://kinetiq.xyz/ - Whitepaper: https://kinetiq.xyz/docs - GitHub: https://github.com/kinetiq-research --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore