Enter Elysium

“Kinetiq is just a liquid staking protocol” is now as true as “Hyperliquid is just a perp DEX”

Ascend tokenomics update Buybacks are moving from 90% HYPE / 10% KNTQ to 50% HYPE / 50% KNTQ. @Kinetiq_xyz is core to how we're building on Hyperliquid. Our fee loop should reflect that. We're doubling down on the teams building Hyperliquid's foundation. Of the KNTQ purchased, 60% will be burned, 20% will deepen kHYPE/KNTQ liquidity, and 20% will fund the Ascend points program. The points program will run across multiple seasons to incentivize sustained activity on Ascend. Participation will be tracked through user profiles, with criteria including staking TVL, trading volume on Ascend, and ecosystem tokens held. This AIP reflects the allocation we believe will create the most long term value for Ascend and the ecosystem growing on @Enter_Elysium.

One week of the @Enter_Elysium testnet. Here’s what its first seven days looked like in numbers ↓

"Most L2s launch blockspace first and spend the next year trying to fill it. @Enter_Elysium starts somewhere else: @Kinetiq_xyz already has products, capital and market makers inside Hyperliquid. The chain comes after the distribution." very interesting

RT @KinetiqFND: The final kPoints snapshot has been taken. The final distribution of kPoints will take place on Thursday, October 1st. htt…

> Elysium_mode.exe

tokenized stonks on @Enter_Elysium are going to be super fucking fun

Elysium is the most egalitarian thing we’ve ever seen. It’s insanely ambitious, and it will reshape the fabric of society. (real)

POV: you bridged to Elysium

1M+ testnet transactions. Daily transactions up 2.46× from Thursday to Sunday. Not too bad for free practice. Testnet's open @Enter_Elysium

Elysium looking interesting @Enter_Elysium @0xOmnia Hyperliquid

Community-first, value accrual, liquidity defense. Coming soon on @Enter_Elysium

In a group chat with hundreds of Hyperliquid builders/traders and this is how they’re talking about Elysium

Elysium testnet RPC, run by Hypedexer and synced from genesis. HTTPS: elysium-testnet-rpc.hypedexe… WSS: wss://elysium-testnet-rpc.hypedexer.com Chain ID 99801. Free, no key. Building on @Enter_Elysium? Plug it in and tell us what you need next.

You will build on @Enter_Elysium and you will be happy s/o @0xbrunoamuniz for the initiative here: elysium-vs-hyperevm.vercel.a…

Elysium could become Hyperliquid’s next growth engine. Hyperliquid dominates perp trading, but high gas costs and limited throughput have held back token launches and spot activity on HyperEVM. Kinetiq’s Elysium is designed for faster execution and direct connectivity to HyperCore. A token can launch and build liquidity on Elysium before pursuing a HyperCore spot market and HIP-3 perp. Lower execution costs could make it easier for prop AMMs to support early trading. Once a liquid perp exists, they can hedge their spot exposure on Hyperliquid. If projects launch there and their tokens keep trading, more of that activity could reach Hypercore. That’s the growth case Elysium has to prove.

Who is going to build an actually fun and usable game on @Enter_Elysium

Elysium testnet is live (@Kinetiq_xyz @Enter_Elysium), so I took the liberty of building a personal benchmark: same contract, same load, Elysium (L2) vs HyperEVM (L1), side by side. Early numbers: ⚡ ~0.27s vs ~1.7s to inclusion 💸 ~5.8x cheaper per tx elysium-vs-hyperevm.vercel.a…