Kinetiq, Hyperliquid's largest liquid staking platform, is launching Elysium — an Arbitrum Orbit layer-2 built to bypass HyperEVM's throughput limit of roughly 3–3.5 million gas per second, which the author says made trading costs prohibitive. Elysium targets 300 million gas per second with 100ms blocks, uses HYPE as gas, and settles on HyperEVM. It plans 25% of sequencer revenue to builders, 50% to KNTQ buybacks feeding the Assistance Fund. Mainnet is set for 9 November, with core features like precompiles shipping about four weeks later; fomo, Uniswap and Derive are slated to deploy.

AI summary of the linked source — not editorial content.

Explore the topic

Loading related coverage…

Comments

Loading comments…