Elysium, Hyperliquid’s first L2, opens its mainnet today—but don’t assume all its features will be live right away.
The facts: This L2 built by Kinetiq (Arbitrum Orbit, settles to HyperEVM, uses HYPE for gas) is targeting 100 ms blocks and capacity of ~300 million gas per second. Kinetiq officially announced the Nov 9 mainnet date on Oct 20, and reports today say the launch is underway.
Status: the date is CONFIRMED, but the scope is LIMITED. Access to Hyperliquid’s order book (HyperCore) is still about 4 weeks away, the only completed audit is for its token bridge (Oct 24), and its sequencer is still centralized. This is a mainnet that has opened, not one that’s finished.
My take: the infrastructure makes sense, but the market isn’t celebrating yet—HYPE is around $73.6, down from the $77 range yesterday, amid ongoing market anxiety and tomorrow’s US CPI release at 20:30 WIB, which could be decisive.
What I’m watching: confirmation of full activation in the official documentation, and whether the day-one apps (Nest DEX, pump.fun, Derive) actually work.
⚠️ There is no official Elysium token and no points program—Elysium airdrop claim links are scams. Verify only through Kinetiq’s official accounts, not links in comments or DMs.
Do you think a trading-focused L2 like this will reshape the DEX landscape, or will it just become another quiet chain?
#Hyperliquid #Elysium #Web3 $HYPE
The facts: This L2 built by Kinetiq (Arbitrum Orbit, settles to HyperEVM, uses HYPE for gas) is targeting 100 ms blocks and capacity of ~300 million gas per second. Kinetiq officially announced the Nov 9 mainnet date on Oct 20, and reports today say the launch is underway.
Status: the date is CONFIRMED, but the scope is LIMITED. Access to Hyperliquid’s order book (HyperCore) is still about 4 weeks away, the only completed audit is for its token bridge (Oct 24), and its sequencer is still centralized. This is a mainnet that has opened, not one that’s finished.
My take: the infrastructure makes sense, but the market isn’t celebrating yet—HYPE is around $73.6, down from the $77 range yesterday, amid ongoing market anxiety and tomorrow’s US CPI release at 20:30 WIB, which could be decisive.
What I’m watching: confirmation of full activation in the official documentation, and whether the day-one apps (Nest DEX, pump.fun, Derive) actually work.
⚠️ There is no official Elysium token and no points program—Elysium airdrop claim links are scams. Verify only through Kinetiq’s official accounts, not links in comments or DMs.
Do you think a trading-focused L2 like this will reshape the DEX landscape, or will it just become another quiet chain?
#Hyperliquid #Elysium #Web3 $HYPE