Petro D. | ResearchUpdate

@PDmytriiev

Elysium makes it possible to run a fully onchain orderbook that replicates HyperCore, and build products directly on top of it. @0xOmnia explained why in a new interview, and it comes down to what HyperEVM can and can't do today. Why he's building an L2 after years of being bearish on them: → Ethereum's monetary case was built on activity happening on mainnet, and L2s pulled that activity away → On @HyperliquidX the general-purpose environment contributes almost nothing to the economic case, HyperCore is the big thing → So there is nothing for an L2 to cannibalise here → He calls Arbitrum the last real zero-to-one and positions Elysium as the next step, not a repeat Why he calls it accretive rather than just non-extractive: → A high-throughput environment lets people build options protocols, vaults, structured products → Those products route flow back into the perp book on HyperCore → More performant ecosystem upstream means more volume downstream The atomicity problem, which is the core of the design: → HyperEVM and HyperCore share state only on the read side → You can see the price but you cannot act on both sides in one transaction → His analogy: watching someone on one half of a screen and the BTC chart on the other, able to observe but not act → Elysium leans into the atomic reads and accepts that write composability isn't atomic → That constraint is what makes fully onchain orderbooks replicating HyperCore possible on Elysium And the detail that answers the biggest open question from the article: → Elysium settles to HyperEVM → Proofs of Elysium transactions get posted there, so HyperEVM gains activity rather than losing it → He describes the two as cousins running in parallel, both under Hyperliquid's umbrella Worth watching the full interview of @0xOmnia by @KevinWSHPod: https://t.co/64W7aSLqqp

Tuesday, August 25, 2026 at 07:51 PM UTC