Petro D. | ResearchUpdate

@PDmytriiev

Kinetiq just introduced Elysium, a new execution layer operating directly alongside HyperCore, enabling market makers to quote an asset on Elysium and hedge it on the orderbook within the same block. The problems: → HyperEVM is slow and expensive (simple swaps cost up to ~$20) → L1Read only provides the best bid and offer → Spot trading on HyperCore has weakened, with its market share versus Binance hitting a 15-month low, and HIP-2 reaching its softest level since Q4 2024 → There is no direct route for a new token to transition from a launchpad to a Core orderbook without a ticker auction Kinetiq's solution is Elysium: a separate chain executing its own transactions and settling back to Hyperliquid, similar to how Arbitrum relates to Ethereum. The key distinction is that while Arbitrum drew activity away from its underlying layer, Elysium is built to feed HyperCore instead of draining it → Retain $HYPE for gas fees → Rebuild the EVM for higher speed, co-locating it with HyperCore to achieve block-time parity → Expand L1Read into a free top-of-block feed featuring genuine depth → Establish a unified token pipeline: Elysium AMM → PropAMM depth → HyperCore spot orderbook → HIP-3 perpetuals → Distribute sequencer fees as follows: 25% to builders, 25% to the treasury, and 50% $KNTQ to buy back and burn tokens via the Assistance Fund @Kinetiq_xyz is now tackling the two primary bottlenecks limiting Hyperliquid's scalability: distribution via the @Markets_xyz mobile application, and execution on EVM through Elysium. See you on Elysium See you on Markets

Monday, August 24, 2026 at 05:12 PM UTC