Kinetiq's Layer 2 solution Elysium is launching on mainnet November 9th.
Tech & Launches ·
Kinetiq's Layer 2 solution Elysium launches on mainnet November 9, targeting 300 megagas per second execution with 100–200 millisecond blocks and using HYPE as its native gas token. The Arbitrum Orbit chain settles to HyperEVM and supplies native HyperCore market data readable by smart contracts, enabling contracts to drive orders on HyperCore's books while users retain custody. At launch, Elysium will feature native HYPE gas and AnyTrust data availability, with a planned ArbOS upgrade approximately four weeks later to add HyperCore read and write capabilities. Sequencer fees allocate 25 percent to builders, 25 percent to the Kinetiq treasury, and 50 percent to open-market KNTQ purchases that are burned and sent to the Hyperliquid Assistance Fund.