Kinetiq sets November 9 mainnet launch for Hyperliquid Layer-2 network Elysium
Kinetiq has scheduled the mainnet release of Elysium, a custom Layer-2 network designed to scale Hyperliquid with direct smart-contract execution, for November 9.
Kinetiq announced that Elysium, its dedicated Layer-2 execution network designed to scale the Hyperliquid derivatives ecosystem, will officially launch on mainnet on November 9, according to reports from BSCN and DEGEN NEWS.[2][4]
The network offers a smart contract execution layer connected directly to Hyperliquid's high-throughput orderbook. This architecture is designed to enable external protocols to interact with decentralized finance primitives without creating latency in the core orderbook matching engine.[2]
According to Crypto Banter, Elysium is built to support spot trading, PropAMMs, and token launches across the Hyperliquid stack. It will utilize Hyperliquid's native token for gas fees while allocating 50% of sequencer revenue toward open-market buybacks and burns of Kinetiq's native token.[3]
While the mainnet launch is set for November 9, Bankless reported that HyperCore hooks on Elysium are scheduled to roll out a few weeks later.[1]
Key facts
- Kinetiq announced the official mainnet launch of its Elysium Layer-2 network on November 9.
- Elysium is a custom Layer-2 execution network designed to scale the Hyperliquid derivatives platform.
- The network connects directly to Hyperliquid's high-throughput orderbook, allowing other protocols to run DeFi primitives without adding matching latency.
- Elysium will use Hyperliquid's native token as gas.
- Half of all sequencer fees generated by Elysium will go toward open-market purchases and burns of Kinetiq's native token.
- Elysium is designed to support spot trading, PropAMMs, and token launches across Hyperliquid.
- HyperCore hooks on Elysium are scheduled to deploy a few weeks following the mainnet launch.
Sources · 4 sources
- BA
BanklessArticle ·
Kinetiq's Elysium L2 Sets Nov. 9th Mainnet Launch Kinetiq's Hyperliquid L2 finally has a date, though its HyperCore hooks will arrive a few weeks later.
Open source - BS
BSCN@BSCNewsPost on X ·
Kinetiq sets date for Layer 2 Mainnet on Hyperliquid Kinetiq (@Kinetiq_xyz) announces the official mainnet release of Elysium on November 9th. Elysium will utilize a custom Layer-2 execution network that is meant to scale the @HyperliquidX derivatives platform. The release provides an execution layer for smart contracts which is connected directly to Hyperliquid’s high throughput orderbook. Additionally, it allows other protocols to use specific DeFi primitives without adding latency to the orderbook matching process.
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨HYPERLIQUID L2 ELYSIUM MAINNET SET FOR NOVEMBER 9! Kinetiq’s Hyperliquid L2 launches November 9, running on hyperliquid:native as gas while directing 50% of sequencer fees to open-market kinetiq:native buys that get fully burned. Built to supercharge spot trading, PropAMMs, and token launches across the Hyperliquid stack.
Open source - DN
DEGEN NEWS@DegenerateNewsPost on X ·
NEW: @Kinetiq_xyz TO LAUNCH L2 FOR HYPERLIQUID ON NOVEMBER 9 https://t.co/nAVUarUx0W
Open source