Kinetiq has launched Elysium, a Layer 2 network built on Arbitrum technology for the Hyperliquid ecosystem. The network features 100-millisecond block times and an execution target of 300 million gas per second, which is approximately 600 times the capacity of HyperEVM.
Elysium operates alongside HyperCore and uses HYPE as its native gas token. The architecture allows for asset movement between HyperEVM and Elysium while supporting standard Ethereum development tools. Infrastructure partners for the launch include Alchemy, Conduit, Arbitrum, and Uniswap.
The network aims to address transaction capacity constraints in HyperEVM, enabling applications like lending protocols and automated market makers. A scheduled upgrade in the coming weeks will introduce EL1Read and EL1Write, allowing direct access to HyperCore order books and pricing data.
Elysium implements a revenue-sharing model where 50% of sequencer revenue is allocated to buy back the KNTQ token. An additional 25% of the revenue is distributed to applications that generate network activity, incentivizing developers and users.
