Kyber Network Crystal Legacy vs Hyperliquid

Hyperliquid (HYPE) is 14057.6× the size of Kyber Network Crystal Legacy (KNCL) by market capitalisation. Over the past 30 days, KNCL is ahead by 17.4 percentage points (KNCL +11.4% against HYPE -6.0%). Their daily returns move barely together (correlation 0.17 across 30 shared trading days). HYPE has been the more volatile of the two, at 82% annualised against KNCL's 62%.

Correlation: 0.17
Size ratio: 1 : 14057.6
Ahead over 30 days: KNCL

Kyber Network Crystal LegacyKNCL

$0.132755

24h: -0.14%
Market cap: $1.44M
Volume 24h: $20
Volatility (ann.): 62%

HyperliquidHYPE

$84.3900

24h: -2.14%
Market cap: $20.19B
Volume 24h: $1.37B
Volatility (ann.): 82%

KNCL 0.0%Share of the two combined market caps100.0% HYPE

Performance

KNCLHYPE

7 days-4.78%+4.65%HYPE
30 days+11.36%-6.04%KNCL

Correlation

0.17over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	KNCL	HYPE
Max drawdown (400d)	-9.7%	-18.9%
Risk-adjusted return (90d)	0.35	0.58

Relative strength over 90 days: KNCL outperformed HYPE by 19.6% — measured on the KNCL/HYPE ratio, so it holds regardless of market direction.

Kyber Network Crystal Legacy →Hyperliquid →