Kinetiq's Elysium network is scheduled to launch on Nov. 9 as a new Layer 2 execution venue for the Hyperliquid ecosystem, aiming to move token launches, swaps and DeFi activity onto infrastructure that settles back to HyperEVM while using HYPE for gas fees.
The launch places Elysium at the center of an effort to add application capacity around Hyperliquid's trading-focused architecture. Fomo and Pumpfun are expected to support the network, while GMGN has said it will connect on the chain's first day. The initial roster gives Elysium immediate links to the fast-moving token issuance and on-chain trading activity that has become a major source of demand for high-throughput networks.
Elysium is built with an Arbitrum technology stack and Conduit's G2 sequencer. Kinetiq has set a 100-millisecond block-time target, a speed designed for applications where token prices and liquidity can change quickly. Transactions executed on Elysium will settle to HyperEVM, connecting the new chain's activity to Hyperliquid's existing smart-contract environment.
A separate execution layer for Hyperliquid applications
The network's role is tied to the way Hyperliquid divides its infrastructure. HyperCore operates the protocol's order book and matching engine, while HyperEVM provides the smart-contract layer. Both systems share underlying state, meaning smart-contract activity competes for capacity within an architecture also supporting the exchange's core trading operations.
Elysium would give token issuers, decentralized applications and liquidity protocols another place to run transactions without placing all of that execution demand directly on HyperEVM. That structure could preserve more room for HyperCore's exchange functions as the surrounding application ecosystem expands.
The chain will use HYPE for transaction fees, extending the token's role beyond Hyperliquid's main trading environment. Kinetiq's design also connects sequencer economics to its own KNTQ token: Elysium is set to allocate 50% of sequencer revenue toward KNTQ repurchases, according to Kinetiq's published details.
The remaining revenue arrangements described in the supplied material include an allocation of Ascend's sequencer-revenue share toward builder support. That includes grants and work intended to help projects prepare for possible HyperCore spot-market listings.
Ascend reports nearly $6 million in initial test volume
Ascend, one of the launchpads preparing for Elysium activity, said its first day of testing generated about $5.97 million in trading volume, 47,254 transactions, 873 deployed tokens and $34,808 in protocol fees. The figures were released by Ascend as part of its pre-launch rollout and have not been presented as mainnet results.
The test data points to the kind of activity Elysium is designed to host: rapid token deployment, short-cycle trading and liquidity formation around newly issued assets. A launchpad environment can generate significant transaction demand even before projects reach deeper liquidity or exchange-style markets, particularly when creators and traders cluster around a new network's opening period.
Ascend's fee model is also structured to route activity back into both KNTQ and HYPE. Under its published framework, every $100 in protocol fees would send $10 to its treasury, use $72 to purchase KNTQ and use $18 to purchase HYPE.
Of the KNTQ acquired through that process, Ascend says 40% is designated for burning. The remaining 60% would fund ecosystem-token buybacks, an Ascend points program and protocol-owned liquidity. HYPE acquired under the model is earmarked for participant rewards and staking.
Ascend is not introducing a separate platform token, instead using KNTQ as its protocol token. That approach ties the launchpad's incentives more closely to Kinetiq's existing token economy, though it also makes KNTQ demand more dependent on the level of fees generated by Ascend's eventual on-chain activity.
Liquidity and routing tools prepare connections
Kinetiq's planned ecosystem integrations include Uniswap, 0x, KyberSwap, Li.Fi and Wormhole, alongside wallet support from MetaMask and Rabby. These connections would provide the components needed for users to bridge assets, access decentralized liquidity and interact with Elysium applications through established wallet interfaces.
Nest is preparing Uniswap v4 pools intended to support swaps between widely traded assets and new Elysium-issued tokens. The plan addresses a recurring challenge for launchpads: initial issuance may be easy, but token markets require durable liquidity if they are to remain usable after the earliest burst of trading.
The route described for Ascend projects begins with building attention, trading activity and liquidity on-chain. Projects that meet Ascend's criteria can receive an "Ascended" designation, a support track intended to help them prepare for a HyperCore spot listing and, later, a potential HIP-3 deployer opening for a perpetual futures market.
That progression links an early-stage token launch environment with Hyperliquid's more established exchange infrastructure. It could give successful projects a path from decentralized liquidity pools to spot and derivatives markets, although each stage would depend on the relevant platform requirements and approvals.
Montra takes a separate token model
Montra, another launchpad preparing for Elysium, is taking a different approach by retaining its own protocol token, MONTRA. Its default issuance flow is based on Uniswap v4, and token creators can direct fee revenue to a team wallet, several recipients or token holders, while Montra receives a share.
Montra's buyback design directs 70% of its designated buyback portion toward purchasing and burning MONTRA, with 30% allocated to a treasury. Its total token supply reserves 25% for airdrops, divided into five 5% categories covering existing HYPE, KNTQ and Elysium users; early Montra creators and traders; holders and traders of the platform's top 10 tokens at a snapshot; liquidity providers; and verified creators, referrals and social-media contributors.
Montra has opened pre-trading and reported that two tokens had exceeded $1 million in market capitalization. Those early figures remain small beside the deeper liquidity available on mature venues, but they show launchpad activity forming before Elysium's scheduled network debut.
Elysium's opening will test whether Hyperliquid's ecosystem can support a separate, high-speed application layer without fragmenting liquidity across too many venues. Its settlement link to HyperEVM, HYPE-based fee model and early launchpad pipeline give the network a defined role: handling the intensive transaction flow around new assets while maintaining a direct connection to Hyperliquid's trading infrastructure.
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