Kinetiq Launches Elysium Mainnet for Hyperliquid

Kinetiq launched Elysium mainnet on Nov. 9, opening an Arbitrum Orbit Layer 2 that settles to HyperEVM and uses $HYPE to pay transaction fees.

“Elysium is now live,” Kinetiq announced. Its launch documentation specifies 100-millisecond blocks and a target of 300 million gas per second, adding execution capacity for applications in the Hyperliquid ecosystem.

Day-one trading support includes Pump.fun and Fomo, according to their own announcements. “Elysium is now live on fomo,” the trading app said, offering double trader rewards on Elysium tokens. The chain's ecosystem directory still describes options and perpetuals platform Derive V3 as “coming to Elysium.”

The mainnet launch follows the opening of Elysium's public testnet in September. Kinetiq, which also operates the $HYPE liquid staking token kHYPE, is targeting high-frequency trading and market-making applications with the new chain.

HyperEVM's documented configuration allows 3 million gas in small blocks every second and 30 million gas in large blocks every minute. Elysium's developers describe its 300 million gas-per-second target as validated in pre-mainnet load testing.

The fee design sets a minimum base fee of 0.1 gwei and avoids a parent-chain data fee by storing transaction data offchain. The stated aim is to let market makers refresh quotes five to 10 times a second cheaply. Mainnet priority fees are collected by the network rather than burned.

Kinetiq's announced revenue model, published in August, allocates 25% of sequencer fees to builders, 25% to its treasury and 50% to open-market $KNTQ purchases. It said all purchased $KNTQ would be sent to the Hyperliquid Assistance Fund and burned.

HyperCore Connections Come Later

The launch does not yet include two planned links to HyperCore's trading infrastructure. A native market-data interface, which would let contracts read orderbooks, prices, balances and positions for ordinary call gas, is scheduled for an ArbOS network upgrade about four weeks after mainnet.

The same upgrade is set to add the fast order-submission path. Under that design, an Elysium contract sends trading instructions to an agent authorized to place and cancel orders on a user's HyperCore account, but not withdraw or transfer funds.

At launch, Elysium runs standard ArbOS software and token bridges, with $HYPE bridging from HyperEVM at 1:1 as the native gas asset. Its security documentation specifies a single sequencer, permissioned validation and one Conduit-operated data-availability server. Standard withdrawals have a challenge period of about 5.5 days. A multi-member data-availability committee and permissionless fraud proofs are planned for later hardening.