Elysium, a Layer-2 network built by Kinetiq for the Hyperliquid ecosystem, is scheduled to open its mainnet at 9 p.m. today, moving from restricted access to public use with HYPE serving as its native gas token. The launch puts a new execution layer in front of HyperEVM, aiming to accommodate token issuance, DeFi applications and eventually low-latency connections to Hyperliquid's trading infrastructure.
Kinetiq said Elysium uses the Arbitrum Orbit stack and targets average block times of roughly 100 milliseconds, alongside throughput of 300 million gas per second. Transactions would execute on Elysium while the chain's state is settled to HyperEVM, the EVM-compatible environment associated with Hyperliquid.
The public rollout follows a restricted-access period that produced more than 1,100 tokens and 1,000 trading pools, according to the project materials. Roughly 28,000 HYPE crossed into the network through private routing channels during the past week, the materials said. Those figures offer an early indication of demand for new issuance venues, though the open launch will expose the network to a much broader mix of users, automated trading activity and liquidity conditions.
HYPE links network use to Kinetiq's token model
Elysium extends Kinetiq's initial product, kHYPE, a liquid-staking asset for HYPE. Rather than operating solely as a staking protocol, Kinetiq is now building infrastructure intended to give applications a faster and cheaper venue for execution than relying only on the base environment.
The economic design also ties sequencer revenue to KNTQ, Kinetiq's protocol token. Under Kinetiq's published allocation plan, 25% of sequencer income is directed to application builders, 25% goes to the Kinetiq treasury, and 50% is earmarked for KNTQ buybacks and burns. The arrangement gives builders a direct share of network revenue while linking token supply reduction to transaction activity.
GMGN listed KNTQ's market capitalization at about $410 million in the material provided for the launch. That valuation places particular attention on whether Elysium can generate sustained usage beyond an initial rush of token deployments. A revenue model based on sequencer fees depends less on announcements than on recurring transactions, liquidity and applications that retain users after launch-day incentives fade.
Kinetiq's roadmap includes a more consequential integration with HyperCore, Hyperliquid's trading engine. The planned connection would allow Elysium smart contracts to read order-book, balance and position data and to submit orders with low latency. The feature is not part of today's launch, according to the supplied roadmap, and is expected in about four weeks.
If delivered, the integration could give decentralized applications on Elysium closer access to Hyperliquid-native market data and trading functions than a conventional standalone Ethereum Layer-2. Until then, applications can use the new execution layer but do not yet have direct code-level access to the core order books.
Bridge access is initially dependent on BOXA
An official Elysium bridge had not launched ahead of the mainnet opening, leaving BOXA, a third-party bridge, as the community's principal routing option in the supplied materials. That creates an immediate practical issue for users seeking to move HYPE onto the new chain: the bridge is separate from Kinetiq's own official infrastructure.
The stated process begins with moving HYPE to a self-custody wallet on HyperEVM, then using BOXA's "Bridge" and "Deposit" functions to route assets to Elysium. Users should confirm wallet network settings and bridge URLs through official project channels before signing any transaction. New mainnet launches routinely attract imitation interfaces designed to collect wallet approvals or divert deposits.
BOXA lists Elysium with chain ID 99901, the RPC endpoint https://rpc-live.boxa.club, and HYPE as the currency symbol. HyperEVM uses chain ID 999 and the RPC endpoint https://rpc.hyperliquid.xyz/evm, according to the network details supplied. The matching HYPE denomination across networks makes it especially important to check the destination chain before confirming a withdrawal or bridge transaction.
Token launch platforms compete for early liquidity
Several token-launch applications have positioned themselves as early Elysium venues, each taking a different approach to issuance mechanics and fee distribution.
Ascend uses KNTQ rather than issuing a separate platform token. According to Ascend, most protocol fees are used to buy KNTQ and HYPE, with part of the acquired tokens burned. The platform reported nearly $6 million in first-day trading volume and 873 deployed tokens during its earlier activity. It listed e/acc at a $7.5 million market capitalization after the token had previously exceeded $10 million, while Ascend Accelerationism, or A/ACC, was listed at $2 million.
Montra focuses on customizable launch conditions. Creators can set minting rules, determine when trading begins and decide where creator fees flow. Those fees can be directed to a team, distributed to holders or used for token buybacks. Montra plans to issue MONTRA and allocate 25% of total supply to community airdrops, divided equally among ecosystem users, early creators and traders, participants in its 10 largest tokens, liquidity providers, and content or referral contributors. EACCAT and CHAMELEON were listed at $3.3 million and $1.2 million, respectively.
Volta allows new pools to be paired with HYPE, KNTQ or VOLTA and offers timed launches, configurable fees and anti-sniping measures. Volta takes 30% of overall trading fees, with 80% of its share assigned to VOLTA buybacks and burns. The project listed VOLTA's market capitalization at $5 million.
Kleos takes a different route by placing a token's full supply into a trading pool at creation rather than using a separate bonding-curve phase. It says initial liquidity is permanently locked and that the platform supports limit orders. Kleos also offers holder rewards, KLEOS staking and points systems tied to community teams; KLEOS was listed at roughly $500,000.
These applications will provide an early test of whether Elysium's speed targets translate into usable markets rather than simply faster token creation. With direct HyperCore integration still pending, the first phase of mainnet activity will likely center on issuance, pool formation and basic DeFi execution, while traders assess which venues develop durable liquidity and reliable routing.
Want deeper context on scaling beyond Elysium? Explore our concise Layer-2 blockchain guide tailored for DeFi-focused traders.
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