Elysium

Elysium is a high-throughput decentralized-finance Layer 2 built by Kinetiq for the Hyperliquid ecosystem. It is designed to expand the capacity for EVM applications while settling to HyperEVM, operating alongside HyperCore, and using HYPE as its native gas token.^[1]​^[2]​

​Kinetiq unveiled Elysium on August 24, 2026.^[3]​^[4] Its testnet went live on October 16, 2026, and its mainnet was announced for November 9, 2026.^[5] Documentation last updated October 20 described the network as pre-launch and said specifications, parameters, and timelines could change before mainnet.^[1]​

Overview

Elysium is intended to provide execution capacity for applications whose activity is constrained by HyperEVM’s block design. HyperEVM carries 3 million gas per second in small blocks and 30 million gas in larger blocks produced approximately every 60 seconds. The design preserves composability with HyperCore while limiting sustained, high-frequency EVM activity.^[1]​

​Kinetiq presented Elysium as a way to expand Hyperliquid beyond its perpetual-futures activity, particularly by supporting spot markets and decentralized-finance applications. In its announcement, Kinetiq characterized Hyperliquid’s spot activity and HIP-2 liquidity as stagnant compared with perpetual futures, citing spot volumes and HIP-2 liquidity near multi-month lows.^[4] The network is intended to support proprietary automated market makers (PropAMMs), token launches, and other applications that can contribute trading activity and listings to HyperCore. Unlike passive automated market makers whose prices follow pool trades and deposited liquidity, professional market makers actively manage inventory and update quotes to track market prices; Elysium’s PropAMMs can also use HyperCore market data.^[8]​^[9]​^[2]​^[1]​

Architecture and Execution

Elysium is an Arbitrum Orbit rollup using Nitro and stock ArbOS, with HyperEVM as its settlement layer and HyperCore as its neighboring exchange environment. The documentation describes it as operated with Conduit; an ecosystem listing separately identifies Elysium as built on the G2 rollup framework and describes a provider running its sequencer on that stack.^[1]​^[6]​

The network targets 300 million gas per second, 30 million gas per block, and canonical blocks at approximately 100-millisecond intervals. The documentation gives a range of 100–200 milliseconds for real canonical blocks and an approximately 300-millisecond perceived transaction receipt; the throughput target was to be validated through load testing before mainnet. Elysium’s website compares its target gas throughput with HyperEVM’s larger blocks, which carry 30 million gas approximately every 60 seconds, and describes the difference as 600-fold.^[2]​^[1]​

The planned launch configuration includes a single sequencer, neutral priority-fee ordering, and no privileged transaction lanes. Elysium’s data-availability design uses an AnyTrust data availability committee, with full data posting to HyperEVM as an automatic fallback. Withdrawals use standard optimistic withdrawals with a challenge period.^[1]​

Developers can use Solidity and Vyper with standard EVM tooling, including Foundry, Hardhat, viem, and ethers. The project’s onboarding materials describe obtaining testnet tokens from a faucet, bridging HYPE and supported assets from HyperEVM testnet, deploying contracts, and inspecting blocks, transactions, and contracts.^[2]​

HyperCore Integration

Elysium is co-located with HyperCore and is designed to let smart contracts access its market data and order books directly. The project describes contract reads of full order-book depth at every level, in contrast with HyperEVM’s access to only the top of the book. These market-data reads are intended to resolve through a precompile without oracle updates or third-party APIs; the website describes them as free at the point of use.^[2]​^[1]​

The planned design also allows contracts to submit trade-only intents to a user’s existing HyperCore account while the user retains custody. Elysium’s materials describe the interval from an intent to a resting order as roughly one HyperCore block, or about 100 milliseconds. The documentation says Elysium runs its own co-located Hyperliquid node so that HyperCore read and write paths can be served directly, without an intervening HyperEVM hop. It describes HyperCore blocks as occurring approximately every 70 milliseconds.^[2]​^[1]​

At launch, the roadmap listed permissionless bridging and spot listings on Hyperliquid. A later planned phase included an EL1Read market-data precompile and an EL1Write fast-write lane, with a keeper signing as a trade-only agent. The documentation placed these additions in an ArbOS network upgrade planned for about four weeks after mainnet launch.^[2]​^[1]​

HYPE and Settlement

HYPE, HyperEVM’s native coin, is Elysium’s gas token. The documented design bridges HYPE from HyperEVM to Elysium at a 1:1 ratio and allows it to be withdrawn at the same ratio, without requiring a wrapped asset, a staking step, or a separate transaction token.^[1]​

Elysium settles to HyperEVM, which serves as the bridge between Elysium and HyperCore for tokens. The planned architecture includes canonical and mirror bridges and deposit-wallet linkage to HyperCore; HyperEVM also serves as the settlement and data-availability anchor.^[1]​

Applications and Token Lifecycle

Elysium’s planned token lifecycle connects launches and liquidity on Elysium with Hyperliquid’s spot and derivatives markets. A token can launch on an Elysium automated market maker, build liquidity in Elysium markets, graduate to a HyperCore spot order book, and potentially obtain a perpetual-futures listing through HIP-3, Hyperliquid’s framework for permissionless, builder-deployed perpetual markets through which deployers define and operate markets.^[1]​^[4]​^[10]​

The testnet ecosystem lists token launchpads with different liquidity and fee approaches. These include launches paired with HYPE in a single transaction, launchpads where creators receive part of trading fees, and systems in which tokens begin on a price curve before moving to a liquidity pool. Another listed fair-launch model starts each token in a Uniswap V3 pool quoted in HYPE without a bonding curve.^[6]​

Other listed testnet applications include decentralized exchanges, swap tools, public liquidity pools with fees that adjust as prices move, bonding markets, and an over-the-counter service that holds fixed-price offers in contract escrow. A DEX aggregator is described as covering Elysium exchanges and launchpads, while a Telegram bot offers token trading through chat.^[6]​

The testnet listings also include NFT marketplaces and tools for minting, offers, auctions, raffles, peer-to-peer swaps, and bundle sales. Games listed on the network include HYPE-betting games and a six-seat No-Limit Hold’em game whose contract handles the pot and payouts and uses a publicly verifiable card shuffle.^[6]​

Infrastructure and other applications listed for the ecosystem include Enso and Yochi, both marked as being on testnet, and Bound, marked as exploring the network. The listings also include a test market that separates Hyperliquid funding rates into fixed and floating components, tools for tracking a token’s progress toward a HyperCore listing, and services for monitoring funding rates, liquidity, or trading costs. Some listed teams described their work as planned, under evaluation, or exploratory rather than as launched applications.^[6]​

Testnet and Planned Development

Elysium’s testnet went live on October 16, 2026. QuickNode provided testnet endpoints and said it was a day-one partner for the planned mainnet.^[5] The testnet explorer displays blocks, transactions, deposits, and gas prices, and identifies a sequencer as the producer of recent blocks.^[7] The ecosystem page lists testnet RPC providers, including services offering debug tracing, WebSocket support, and full EVM method support.^[6]​

The documentation’s planned launch sequence included stock ArbOS, native HYPE gas, 100-millisecond blocks, AnyTrust data availability, HyperEVM settlement, bridges, and the HyperCore token-graduation path. Further hardening plans included MEV telemetry, native Timeboost, adjustments toward Nitro’s approximately 100-millisecond block-time floor, permissionless proving through Arbitrum BoLD, and audits. Arbitrum’s Timeboost is a transaction-ordering policy in which an auction determines control of an express lane that provides a temporary transaction-inclusion time advantage.^[11] BoLD is Arbitrum’s dispute protocol, supporting permissionless validation and time-bounded dispute resolution.^[12] A builders allocation of sequencer revenue was also reserved for ecosystem incentive programs.^[1]​

The project identifies Hypernative, Conduit, and Chainalysis as security partners and states that its infrastructure is SOC 2 Type II compliant.^[2]​

Sequencer Fees and Kinetiq

Elysium’s sequencer-fee allocation assigns 25% to builders, 50% to open-market KNTQ purchases, and 25% to protocol operations, according to Elysium’s current project materials.^[2] Kinetiq documentation identifies KNTQ as Kinetiq’s governance token and says that 50% of Elysium sequencer revenue programmatically buys KNTQ on the open market.^[13] Bankless’s August 25, 2026 coverage of Elysium’s unveiling described the final 25% as going to Kinetiq’s treasury.^[9]

Under KIP-5, KNTQ purchased through buybacks is sent to the Hyperliquid Assistance Fund system address, permanently removing those tokens from usable supply.^[14]