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Project Overview
Elysium is a non-custodial wallet designed for applications such as daily payments in the Bitcoin and stablecoin space, aiming to accelerate the global adoption of Bitcoin and stablecoins.
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Kinetiq launches Hyperliquid L2 network Elysium, which will use HYPE as the gas token.
According to official announcements from Kinetiq, it has launched Elysium, an L2 network for the Hyperliquid ecosystem, aimed at enhancing HyperEVM's performance, throughput, and composability with HyperCore, while designating HYPE as the network's Gas token.
Elysium Launch Imminent: Kinetiq to Launch L2 Network for Hyperliquid
Odaily News – HyperliquidNews posted on X platform that Kinetiq has published an article introducing Elysium. Elysium will use HYPE as its network gas token and will connect with Hyperliquid's HyperEVM and HyperCore. Kinetiq stated that Elysium will enhance transaction processing performance and throughput, supporting Hyperliquid spot trading, PropAMM deployments, and native oracle functionalities based on Hyperliquid data. The article states that Elysium will provide a high-performance EVM environment, supporting token launches from long-tail AMMs, integration with PropAMM, creation of HyperCore spot order books, and perpetual contract deployments via HIP-3. Elysium's sequencer fee allocation plan is as follows: 25% allocated to developer incentives, 25% to the Kinetiq treasury, and 50% used for programmatic KNTQ purchases on the open market, with the purchased KNTQ sent to the Hyperliquid Assistance Fund for burning. Kinetiq stated that Elysium will launch soon, with technical specifications for developers and traders to be released in the near future. At launch, its throughput and performance will exceed that of HyperEVM.
Kinetiq Announces Launch of Elysium L2 Built on Hyperliquid
Odaily News, HyperliquidNews posted on X platform stating that Kinetiq has announced the launch of Elysium L2, built on Hyperliquid.