Kinetiq Unveils Elysium Testnet for High-Liquidity DeFi Apps

Kinetiq, a liquid staking protocol, has launched its Elysium testnet for DeFi apps focused on Hyperliquid. This comes after Kinetiq stated that HyperEVM's throughput leaves little room for sustained high-frequency activity. The company published a chain ID, an RPC endpoint, and an explorer for its Arbitrum Orbit network.

This move aims to support the development of decentralized finance applications with high liquidity requirements. Kinetiq believes that traditional DeFi protocols are not equipped to handle the demands of these applications.