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Elysium Chain: What Is Kinetiq’s New Hyperliquid L2?

Elysium chain is a new Hyperliquid layer 2 from Kinetiq, live since November 9, 2026. How it works, what runs on it, what HYPE gas means and what is still to come.

DegenKitNovember 10, 2026 · 5 min read
A glowing mint coin with a lightning symbol on a dark lit grid beside a headline about Elysium chain.

Elysium chain is a new EVM layer 2 for the Hyperliquid ecosystem, built by Kinetiq and live since November 9, 2026. It settles to HyperEVM, uses HYPE for gas, and produces blocks every 100 milliseconds, with trading apps such as Uniswap and pump.fun live from day one.

What is Elysium, in plain terms?

Hyperliquid runs two layers: HyperCore, its order-book trading engine, and HyperEVM, where smart contracts run. Elysium adds a third place to run contracts, built for speed. It is a layer 2 that settles to HyperEVM, so HyperEVM plays the role Ethereum plays for most layer 2s.

Kinetiq's press release describes Elysium as built on the Arbitrum Platform and operated with Conduit, with Alchemy as its primary infrastructure provider (GlobeNewswire via The Manila Times). Contracts written in Solidity or Vyper deploy unchanged, and tools such as Foundry, Hardhat, viem and ethers work as usual.

How fast is it?

According to Kinetiq and Zerion:

  • Blocks every 100 milliseconds.
  • About 300 ms until a wallet sees a receipt. This is not final settlement.
  • A target of 300 million gas per second. Kinetiq says this is 600 times HyperEVM's large blocks.

For comparison, HyperEVM produces small blocks about every second (3 million gas) and large blocks about every 60 seconds (30 million gas).

Elysium at a glance: chain ID 99901, HYPE gas, 100 ms blocks, settlement on HyperEVM and the apps live at launch.
From Kinetiq's launch release and Zerion, November 2026.

What runs on Elysium at launch?

Reports from launch day name:

  • Uniswap v2, v3 and v4, a launch partner.
  • pump.fun, with trading support from day one.
  • fomo, Elysium's exclusive trading partner.
  • 0x and KyberSwap routing, Enso for bridging routes, Derive V3 options and Markets.xyz by Kinetiq.

Sources: Coinranking and Zerion. Third-party sites also list community launchpads. Check each one yourself before use. See Elysium launchpads and apps.

How do you get started?

Add the network with chain ID 99901, then bridge HYPE from HyperEVM. Our guides cover Elysium's chain ID and RPC and bridging HYPE to Elysium. Before buying any new token, run the checks in how to check a new Elysium token.

What about tokens and KNTQ?

Elysium has no token of its own. Gas is paid in HYPE. Kinetiq's token, KNTQ, is linked through sequencer revenue: per Kinetiq's release, 50% goes to KNTQ buybacks, 25% to builders whose apps drive usage, and the rest to operations.

Any HyperEVM ERC-20 can bridge to Elysium permissionlessly, and tokens launched on Elysium can bridge back to HyperEVM and on to HyperCore spot markets.

What is coming next?

Kinetiq plans an upgrade about four weeks after launch, around early December 2026. It would let Elysium contracts read HyperCore order books, prices, balances and positions, and send trades to users' HyperCore accounts through revocable, trade-only agents. Timing is a plan, not a commitment.

Elysium timeline: testnet, mainnet on November 9, 2026, the planned HyperCore read and write upgrade, and later decentralization steps.
Future dates are plans from Kinetiq and Zerion.

What are the risks?

  • New chain. Code, bridges and apps are days old.
  • Centralized at launch. A single sequencer orders transactions, and data availability starts with an AnyTrust committee.
  • Slow exits. Withdrawals back to HyperEVM go through a challenge period of about 5.5 days, according to TokenPost.
  • Name confusion. Other, unrelated chains also use "Elysium", including chain IDs 1338 and 1339.
  • Fake links. Scam bridges and airdrop sites appear around every launch.

You can lose money in crypto. This is not financial advice.

FAQ

What is Elysium in crypto?

A layer 2 for Hyperliquid, built by Kinetiq, that settles to HyperEVM and uses HYPE as gas. It launched on November 9, 2026.

Does Elysium have its own token?

No. Gas is paid in HYPE. Kinetiq's KNTQ token receives part of the sequencer revenue through buybacks.

Does DegenKit support Elysium?

Yes. DegenKit's Elysium launcher offers Token Creator, Tax Token and My Tokens, with a 1 HYPE creation fee as of November 2026. See the Elysium token creator guide.

Sources

To create your own token on the new chain, use the DegenKit Elysium token creator.

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