Kinetiq Unveils Elysium L2 with HYPE Gas for Hyperliquid's Layer-2 Network

Kinetiq has introduced Elysium L2, a layer-2 network designed to increase transaction capacity within the Hyperliquid ecosystem.

Elysium will use HYPE as its gas token, reducing the need for users to acquire another separate gas token when moving between HyperCore, HyperEVM, and Elysium.

The project aims to provide an Ethereum-compatible execution environment with stronger connections to HyperCore, Hyperliquid's native order-book and trading infrastructure.

Elysium targets spot markets, PropAMMs, token launches, and HIP-3 perpetual deployments across Hyperliquid's broader ecosystem.