Kinetiq launches Elysium public mainnet

Kinetiq opened Elysium’s public mainnet on November 9. Elysium gives developers more room to build trading and DeFi applications within the Hyperliquid ecosystem. Built on Arbitrum Orbit and operated with Conduit, the network settles to HyperEVM, runs alongside HyperCore, and uses HYPE to pay for transactions.

More room for trading applications

HyperEVM’s two block types let smart contract activity fit within HyperCore’s block production schedule. Elysium adds execution capacity for applications that need to update onchain state frequently. It produces blocks every 100 milliseconds and targets 300 million gas per second, equivalent to 600 times the throughput of HyperEVM’s big blocks at that target.

For a market maker, that capacity means more room to refresh quotes as prices move. For a DeFi developer, it gives applications such as spot exchanges, lending markets, derivatives, and structured products a shared environment with standard EVM tooling.

“Elysium gives builders the throughput and capacity to put programmable execution right next to that liquidity, without leaving the ecosystem or holding a new token. Every application that succeeds on Elysium makes the broader Hyperliquid economy significantly larger.”

— Justin Greenberg, CTO and Co-Founder at Kinetiq

Familiar tools, native HYPE

Developers can deploy Solidity and Vyper contracts using Foundry, Hardhat, viem, and ethers. HYPE moves 1:1 between HyperEVM and Elysium and remains the native gas token. HyperEVM ERC-20 tokens can bridge to Elysium permissionlessly. Tokens launched on Elysium can also bridge back to HyperEVM, creating a path toward a HyperCore spot market.

“Elysium extends what builders can do on Hyperliquid. It will let any smart contract read Hyperliquid’s live order books and trade against them in about 100 milliseconds, with no oracle in the middle. That opens the door to market makers that requote every block, lending markets that liquidate on real Hyperliquid prices, and vaults that hedge on HyperCore while users keep custody. As Elysium’s primary infrastructure provider, Alchemy gives those teams the low-latency access they need from day one"

— Surag Sheth, Head of Partnerships at Alchemy.

Built with launch partners

Elysium launches with infrastructure and application partners including Alchemy, Arbitrum, Conduit, and Uniswap. Alchemy is Elysium's primary RPC provider, and Conduit operates the network.

“Hyperliquid has established itself as the home of perpetual markets. With Elysium, that vision expands towards becoming the home of onchain finance. Kinetiq has designed Elysium to strengthen the broader Hyperliquid ecosystem, while Conduit provides the high-performance infrastructure to power future growth.”

— Andrew Huang, CEO and Founder of Conduit.

Uniswap gives teams a place to create markets and provide liquidity from day one, with hooks that let developers customize how pools behave.

“Elysium is built for trading, and the Uniswap Protocol is part of its infrastructure from day one. Anyone can create a market or provide liquidity, and hooks give teams a platform to build on.”

— Ken Ng, Head of Ecosystem at Uniswap Labs

How sequencer revenue is allocated

Kinetiq will direct 50% of Elysium’s sequencer revenue to KNTQ buybacks. It has also committed 25% to builders whose applications drive demand for blockspace. That gives teams a recurring share tied to the activity their applications generate, which they can put toward fee rebates, liquidity programs, or new application-level mechanisms for their users.

“The programmable economy gives businesses control over how their products run and how their growth creates value. With the Arbitrum Platform, Kinetiq is putting that into practice: configuring Elysium’s execution for trading applications and sharing revenue with the builders driving its growth.”

— Steven Goldfeder, CEO, Offchain.

Elysium’s design also connects activity on the new network to Hyperliquid. New USDC bridged to Elysium remains backed on HyperEVM. As liquidity develops, price differences between Elysium markets and HyperCore order books can create arbitrage opportunities that bring additional trading activity to HyperCore.

What comes next for HyperCore access

A planned upgrade will let Elysium smart contracts read HyperCore order book depth, prices, balances, and positions directly. Contracts will also be able to submit trades through revocable, trade-only agents on users’ own HyperCore accounts. That could let a vault hedge its exposure on HyperCore while users retain custody, or let a lending application use live HyperCore prices in its liquidation logic.

Growth that adds to Hyperliquid

Elysium is designed so that its growth adds value to Hyperliquid rather than drawing from it. That happens through two channels:

Stablecoin supply. Net-new USDC brought onto Elysium remains backed on HyperEVM, expanding the stablecoin base on which Hyperliquid earns reserve yield via AQAv2.

HyperCore volume. As liquidity on Elysium deepens, price differences between Elysium markets and HyperCore order books create arbitrage that generates additional HyperCore trading volume and fees.

For the full breakdown, read How Elysium could accrue $100M+ a year to Hyperliquid.

Get started on Elysium

Use the official bridge page to find the mainnet network settings, RPC endpoints, and block explorer. If you’re deploying an application, the developer docs cover network configuration, bridging, and the execution environment. Elysium bridge and network details⁠ · Developer documentation⁠