Elysium

Kinetiq

<p>Kinetiq (<a href="https://x.com/Kinetiq_xyz" rel="noopener noreferrer nofollow">@Kinetiq_xyz</a>) has set November 9 as the mainnet launch date for Elysium, a Layer 2 network built for the <a href="https://x.com/HyperliquidX" rel="noopener noreferrer nofollow">@HyperliquidX</a> ecosystem. <a href="https://www.techflowpost.com/en-US/newsletter/140506" rel="noopener noreferrer nofollow">TechFlow reported</a> on October 19 that, according to official announcements, Elysium is the first L2 network in the Hyperliquid ecosystem.</p>
<h2 id="what-elysium-is-designed-to-do">What Elysium is designed to do</h2>
<p>Elysium is a general-purpose, high-performance L2 built specifically for Hyperliquid. <a href="https://www.chaincatcher.com/en/article/2297338" rel="noopener noreferrer nofollow">ChainCatcher reports</a> that it settles to HyperEVM, is co-located with HyperCore, and uses <a href="https://x.com/search?q=%24HYPE&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$HYPE</a> as its native gas token. It runs Conduit's G2 sequencer on an architecture that meets SOC 2 Type 2 standards, according to the same report.</p>
<p>Kinetiq first unveiled the project on August 24. <a href="https://crypto.news/kinetiq-unveils-elysium-l2-with-hype-gas/" rel="noopener noreferrer nofollow">Crypto.news reported</a> that the network is meant to increase transaction capacity within the Hyperliquid ecosystem, with 50% of sequencer fees allocated to buybacks and burns of Kinetiq's <a href="https://x.com/search?q=%24KNTQ&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$KNTQ</a> token.</p>
<p>The team has pointed to limits in the existing HyperEVM environment as the motivation. <a href="https://en.coin-turk.com/kinetiq-unveils-elysium-to-boost-hyperliquid-defi-with-new-layer-2-network/" rel="noopener noreferrer nofollow">CoinTurk reported</a> that Kinetiq cited HyperEVM's dual-block architecture, restricted throughput and high fees during congestion, including basic swaps costing as much as $20. Elysium is intended to be more deeply integrated with HyperCore, the liquidity engine behind Hyperliquid, and to offer faster block times.</p>
<p>Technically, <a href="https://chainstack.com/what-is-elysium/" rel="noopener noreferrer nofollow">Chainstack's overview</a> describes Elysium as an Arbitrum Orbit chain that executes on its own fast chain and settles to HyperEVM, with high-frequency trading and market making as the stated target workload. The testnet has been live since September 22, 2026.</p>
<h2 id="why-it-matters-for-hyperliquid">Why it matters for Hyperliquid</h2>
<p>Kinetiq is best known as the protocol behind kHYPE. <a href="https://oakresearch.io/en/analyses/innovations/kinetiq-khype-catalyst-liquid-staking-hyperliquid" rel="noopener noreferrer nofollow">OAK Research</a> describes it as a non-custodial liquid staking protocol on Hyperliquid, where users deposit $HYPE and receive kHYPE in return. Elysium extends the company beyond staking into trading infrastructure.</p>
<p>Analysts have framed the launch as a test of execution. <a href="https://www.mexc.com/news/1206516" rel="noopener noreferrer nofollow">MEXC News noted</a> that Elysium must show it adds meaningful functionality rather than fragmenting liquidity, and that performance, liquidity and developer adoption can only be measured after launch.</p>
<p>Kinetiq's documentation still describes Elysium as pre-launch, with specifications and parameters subject to change before mainnet, according to Chainstack.</p>
<h2 id="sources">Sources</h2>
<p><a href="https://www.techflowpost.com/en-US/newsletter/140506" rel="noopener noreferrer nofollow">TechFlow: Elysium to launch mainnet on November 9</a><br><a href="https://www.chaincatcher.com/en/article/2297338" rel="noopener noreferrer nofollow">ChainCatcher: First Hyperliquid L2 Elysium mainnet launch</a><br><a href="https://chainstack.com/what-is-elysium/" rel="noopener noreferrer nofollow">Chainstack: What is Elysium?</a></p>

Kinetiq sets date for Layer 2 Mainnet on Hyperliquid

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