Kinetiq launched the Elysium mainnet on November 9 as an Arbitrum Orbit chain that settles to HyperEVM, the smart contract component of Hyperliquid. The network aims for 100 millisecond block times and uses HYPE tokens for transaction fees at a 1:1 bridge ratio from HyperEVM. Elysium has no token of its own.
The chain currently operates independently from HyperCore, Hyperliquid's trading engine. An upgrade planned roughly four weeks from launch will add direct connections that let applications access HyperCore market data and submit orders. Kinetiq splits sequencer revenue among builders, treasury and buybacks of its separate KNTQ token. Early applications include Pump.fun and Fomo.
Read the full story on BSC News: Kinetiq Launches Elysium Mainnet, an Arbitrum-Based Layer 2 for Hyperliquid Using HYPE for Gas
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