Kinetiq Launches Elysium L2 Network to Enhance Hyperliquid Performance

Elysium will use HYPE as the network gas token and will connect with Hyperliquid's HyperEVM and HyperCore. Elysium aims to enhance transaction processing performance and throughput, supporting Hyperliquid spot trading, PropAMM deployment, and native oracle functions based on Hyperliquid data. Elysium provides a high-performance EVM environment, enabling tokens to launch from long-tail AMMs, connect to PropAMMs, create HyperCore spot order books, and deploy perpetual contracts through HIP-3. Its fee distribution scheme for the sequencer allocates 25% for developer incentives, 25% to the Kinetiq treasury, and 50% for programmatic purchases of KNTQ on the open market, with purchased KNTQ sent to the Hyperliquid Assistance Fund for destruction. Kinetiq stated that Elysium will be launched soon, with technical specifications for developers and traders to be announced shortly; its throughput and performance will exceed that of HyperEVM upon launch.

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