As the entire Web3 space hits the ground running in an eventful 2024 filled with Bitcoin ETF news, rumors, and excitement, a major player is already beginning its ascent to the top of crypto’s multi-billion dollar DeFi scene. Kinetix, a holistic DeFi hub flourishing in the Kava ecosystem, is delivering on milestone after milestone from an impressive development roadmap that has sparked intrigue across the Web3 community. Kinetix’s marketing strategies, business development acumen, and state-of-the-art DeFi platforms have led a significant community of traders, enthusiasts, and respected figures from around the Web3 space to congregate in its rapidly growing community. Now with a highly-anticipated token launch approaching, Kinetix is preparing for a takeoff of stratospheric proportions.
Kinetix’s Emphatic 2023 Arrival in Cutting-Edge DeFi
As if its accolades aren’t already impressive enough, Kinetix’s journey only began midway through 2023, when its unique vision to create a holistic, integrated DeFi hub for the Kava ecosystem was born. The brand quickly gained traction on social media and began developing innovative DeFi legos.
In the development process, Kinetix got off to a fast start, launching two state-of-the-art DeFi platforms in 2023. The first was a perpetual exchange offering up to 50x leverage on leading Cosmos ecosystem assets, and the second was a high-performance V3 DEX with active liquidity management strategies. Both platforms have been game-changers, achieving impressive metrics within the first two months following launch.
Kinetix’s Perpetual Exchange is the DeFi hub’s standout platform, and for good reason. With its ever-popular perpetual contracts on the rise, the Kinetix Perpetual Exchange amassed more than $8.5 million in total value locked (TVL) and generated more than $28 million in a total volume in its first two months of operations.
Without hesitation, Kinetix demonstrated to the entire Web3 space that its principles come first, as the project returned more than $50,000 in fees to its users over the same two months. As a result, the Kinetix community continues to grow, as users across the space anticipate that exciting and innovative incentives are on the way – especially with Kinetix’s KFI token launch just around the corner.
Building a Professional Presence
In spite of its standout performance, Kinetix has been anything but a stranger in popular DeFi circles. The project has gone out of its way time and time again to reward users in public campaigns, form partnerships with rising Kava ecosystem DeFi platforms, and focus on programs for business development and community expansion.
The Kinetix Volume Mining Campaign was particularly effective in bringing in new users and capital to the Kinetix Perpetual Exchange – and it remains active, per Kinetix’s original blog post. The campaign offers high-value incentives that DeFi users find incredibly attractive, including substantial rewards and zero fees, which was only made possible by Kinetix’s partners at Kava. In unprecedented fashion, the Kava team is covering fees for all positions opened and closed on the Kinetix Perpetual Exchange for the duration of the campaign.
Kinetix in 2024: What to Look For
As successful as Kinetix’s 2023 turned out to be, it pales in comparison to what the DeFi hub has on tap for 2024. First and foremost, Kinetix’s KFI token launch is set to take place within a month, and the event has been highly anticipated by influencers and community members from across Kava, Cosmos, and Web3 at large. In addition, Kinetix has also promised to have centralized exchange (CEX) listings lined up, which are also slated for early 2024. Meanwhile, a forthcoming Strategy Hub and Voting Escrow tokenomics are set to light up the Kinetix DeFi hub with a host of new incentives and opportunities for all DeFi traders.
But above all, one business development initiative has turned a lot of heads. At the end of 2023, Kinetix formed an impressive partnership with leading Polygon ecosystem DeFi suite QuickSwap following a QuickSwap DAO vote. Many have speculated that Kinetix and QuickSwap will bring together the Polygon and Cosmos ecosystems with epic synergies that will take the entire Web3 industry by storm. Whatever Kinetix accomplishes in 2024, it appears that one thing is for certain: the best of Kinetix is yet to come.