Petro D. | Research 🔜 token2049🇸🇬Update

@PDmytriiev

Elysium gives Hyperliquid what HyperEVM was never built to be: an execution layer fast enough for market makers, with $HYPE as gas and HyperCore's orderbooks one call away. Why Elysium exists. HyperEVM is deliberately small so that EVM activity stays composable with HyperCore without slowing it down. The cost is that there is no room for sustained high-frequency activity. @Kinetiq_xyz is targeting exactly that gap. The flagship users are HFT desks and prop-AMM market makers, who need to refresh quotes 5–10 times per second. Fees are tuned so that is cheap, and live HyperCore orderbook data is readable for ordinary call gas instead of paid oracle pushes. Otherwise the chain is general-purpose DeFi. Value accrual to @HyperliquidX @ericonomic argues Elysium is "value accretive" to its L1, unlike Ethereum rollups. He concedes settlement fees alone won't matter much and points to two other channels: → Native USDC. $USDC on Elysium would be backed by native $USDC minted on HyperEVM, which earns Hyperliquid revenue under AQAv2. → Arbitrage flow. Arb between Elysium AMMs and HyperCore books would push extra spot volume and fees into HyperCore, and so into the Assistance Fund's HYPE buybacks. Separately, 25% of sequencer revenue is reserved for builder incentives. Sequencer revenue itself accrues to Elysium, not to Hyperliquid. Testnet snapshot (explorer, today): → about 950k blocks and 2.03M transactions → about 7.9 TPS → 311k addresses and 159k contracts → gas at 0.02 gwei, under $0.01 Bridge: https://t.co/vMSOAgAXCb Testnet explorer: https://t.co/pgvJPA9kvm Chain specifications: https://t.co/nDk58wB86j Builder documentation: https://t.co/DY8fFHQDqL @Kinetiq_xyz @Enter_Elysium @Markets_xyz

Tuesday, September 29, 2026 at 05:44 PM UTC