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Kinetiq Launches Elysium Layer‑2 for Hyperliquid With HYPE as Sole Gas Token

The mainnet goes live to speed trading and DeFi by routing fees and liquidity through HYPE, with near‑term upgrades planned to let apps access HyperCore directly.

Overview

  • Elysium launched its public mainnet on Monday, November 9, 2026, as an Arbitrum Orbit chain that settles to HyperEVM and allows HYPE to move one‑for‑one between networks.
  • Uniswap v2, v3 and v4 were deployed at launch from official wallets so developers and traders can use familiar automated market‑maker contracts without extra setup.
  • Kinetiq set a sequencer revenue split that directs 50% to buy back its KNTQ token and 25% to applications that generate blockspace demand.
  • The chain targets very low latency and high throughput with 100 millisecond block times and an execution goal of about 300 million gas per second and launches with partners and routers such as Alchemy, Conduit, 0x and KyberSwap.
  • Third‑party promotions and Telegram trading bots are actively recruiting creators and advertising first‑block execution, which raises disclosure and market‑behavior questions and makes sustained block times, on‑chain liquidity and routing volumes the key metrics to watch next.