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Kinetiq unveiled Elysium on August 24, announcing a Layer 2 network for the Hyperliquid ecosystem that will use HYPE for gas and connect with HyperCore’s trading infrastructure.
The protocol described the launch as imminent but has not disclosed a mainnet date, full technical specifications, benchmarks, or launch partners.
Elysium Targets Higher Throughput Than HyperEVM
Kinetiq is positioning Elysium as a faster Ethereum-compatible execution environment for spot trading, automated market makers and token launches.
HyperEVM currently uses separate fast and large blocks. Hyperliquid says its initial throughput settings were deliberately conservative and that gas can rise when demand for blockspace exceeds capacity.
Elysium will continue using HYPE for gas rather than introducing another network token. Kinetiq claims the network will launch with substantially higher performance than HyperEVM and eventually move block times closer to HyperCore, although it has not published benchmarks supporting those targets.
Expanded L1Read Will Expose Deeper HyperCore Market Data
Elysium plans to adapt Hyperliquid’s L1Read precompile to give applications more information from HyperCore.
Kinetiq says the current implementation provides best bid and offer data, while Elysium will expose deeper market information that proprietary automated market makers could use to quote prices and hedge positions. The exact additional data fields have not been disclosed.
Kinetiq also plans a token-launch path that could take assets from AMM liquidity on Elysium into HyperCore spot markets and, if requirements are met, HIP-3 perpetual markets.
50% of Sequencer Fees Will Fund KNTQ Buybacks and Burns
Kinetiq plans to allocate 50% of Elysium sequencer fees to programmatic KNTQ purchases on the open market, with purchased tokens subsequently burned.
Applications consuming Elysium blockspace would receive 25% of sequencer fees, while the remaining 25% would go to Kinetiq’s treasury.
The model links KNTQ buybacks to future Elysium activity, but Kinetiq has not published fee forecasts or minimum purchase commitments.
The next confirmed milestones are the release of Elysium’s technical specifications, infrastructure partners and mainnet schedule. Until then, its proposed performance improvements remain development targets rather than measured network results.
