TVL concentration (top-10 wallet share)

Kinetiq's assessment for RD-F-064 — scored gray on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Top-10 depositor wallet share not computable from available public sources. HyperEVM does not expose a public subgraph for staking deposit events; no Dune Analytics adapter for Hyperliquid L1 staking exists. Data cache coverage_flags.non_evm_substrate=true reflects this. Whale activity documented (>$40M HYPE repositioning at launch per crynet.io analysis) but individual depositor shares unquantifiable. Gray pending custom HyperEVM indexer.

Sources #

URL
Kinetiq: The $2B Liquid Staking Engine Powering Hyperliquid — crynet.iocrynet.io Kinetiq analysis — documents whale activity but no top-10 depositor breakdownretrieved 2026-05-17
Internal
Kinetiq 00-data-cache.json coverage_flagsData cache coverage_flags.non_evm_substrate=true — HyperEVM subgraph not available for depositor enumerationretrieved 2026-05-17

Methodology #

Compute the percentage of protocol TVL held in the top-10 depositor addresses.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol kinetiq factor RD-F-064 score gray collected_at 2026-05-17 15:29:57