Kinetiq's Elysium L2 sets Nov. 9 mainnet launch
- —Elysium is an Arbitrum Orbit chain settling to HyperEVM, with HYPE used for gas
- —HyperCore hooks for live market data and order routing come about a month post-launch
- —Launch starts with one sequencer and a whitelisted validator set; BoLD fraud proofs later
- —Half of sequencer fees are earmarked for open-market KNTQ buybacks
Why it matters: Elysium bets a dedicated L2 can absorb demand HyperEVM can't hold, giving Kinetiq a new revenue line as its TVL sits over 60% below peak.
Source: Bankless