Kinetiq launches Elysium mainnet for Hyperliquid
Key points
- Kinetiq has launched Elysium, a Layer 2 network built for the Hyperliquid ecosystem.
- The network targets 100-millisecond blocks and 300 million gas units per second.
- Kinetiq will allocate 50% of sequencer revenue to KNTQ buybacks and 25% to application builders.
Kinetiq has launched Elysium, a Layer 2 network designed to expand trading capacity across the Hyperliquid ecosystem.
Built on the Arbitrum Platform, Elysium settles to HyperEVM and uses HYPE as its native gas token.
“Elysium gives builders the throughput and capacity to put programmable execution right next to that liquidity, without leaving the ecosystem or holding a new token,” according to Kinetiq CTO and co-founder Justin Greenberg.
Elysium targets 100-millisecond blocks and 300 million gas units per second, which Kinetiq says delivers 600 times HyperEVM’s throughput.
Kinetiq will direct 50% of sequencer revenue towards buying back KNTQ, its native token.
Another 25% will go to application builders, who can use the allocation for incentives, liquidity programmes or fee rebates.
The network supports decentralised finance applications, including automated market makers, lending, derivatives and token launch infrastructure.
Elysium expands Hyperliquid’s capacity for high-frequency trading, market-making and other DeFi applications.
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