Hyperliquid just got its first L2.
Elysium, the first L2 in the Hyperliquid ecosystem, is set to launch mainnet on November 9 (Odaily).
It uses HyperEVM as its settlement layer, runs on Conduit's G2 sequencer, and takes $HYPE as its native gas token.
My take: while majors bleed, ecosystem launches that add real demand for the native token are the thing to watch. Gas usage and TVL on day one will say more than the headline.
Will Elysium lift $HYPE demand, or is it already priced in?
Not financial advice.
#Hyperliquid #HYPE #L2 #Crypto
Elysium, the first L2 in the Hyperliquid ecosystem, is set to launch mainnet on November 9 (Odaily).
It uses HyperEVM as its settlement layer, runs on Conduit's G2 sequencer, and takes $HYPE as its native gas token.
My take: while majors bleed, ecosystem launches that add real demand for the native token are the thing to watch. Gas usage and TVL on day one will say more than the headline.
Will Elysium lift $HYPE demand, or is it already priced in?
Not financial advice.
#Hyperliquid #HYPE #L2 #Crypto