Kinetiq launched the public mainnet of Elysium on 9 November, positioning the network as a dedicated execution layer for applications around Hyperliquid. The company’s launch announcement says Elysium is built with the Arbitrum Platform, settles to HyperEVM and uses HYPE as its native gas asset.

The launch is materially connected to HYPE because users need the asset to pay Elysium transaction fees. That role does not give HYPE holders ownership in Kinetiq, Elysium applications or the network’s sequencer revenue. Kinetiq describes a separate revenue mechanism for its own KNTQ token.

What is live

Elysium’s public site marks mainnet as live and describes 100-millisecond canonical blocks, with 30 million gas per block and a 300 million gas-per-second execution target. These figures define the network’s configured cadence and intended capacity. They are not independent measurements of sustained throughput, transaction finality, application latency or liquidity under production load.

The network uses an EVM environment, so developers can deploy Solidity applications with familiar tooling. HYPE bridges from HyperEVM into Elysium on a one-to-one basis to become native gas, according to the issuer’s release. The same announcement says HyperEVM ERC-20 assets can bridge permissionlessly, creating additional bridge, contract and operational dependencies for users.

Arbitrum’s launch account describes Elysium as an Arbitrum Layer 2 using AnyTrust data availability, with full-data posting to HyperEVM as a fallback. That design reduces normal data-posting requirements but introduces committee-based availability assumptions that differ from posting every transaction’s full data directly to the settlement environment.

HyperCore access is not yet the same as launch-day functionality

Kinetiq’s public roadmap separates launch features from a second phase. Permissionless bridging and spot-listing support are identified as launch capabilities, while direct EL1Read and EL1Write functions for HyperCore are assigned to phase two.

The planned upgrade would let Elysium contracts read HyperCore market information and submit trading instructions through authorized agents. Until that work is delivered and verified, descriptions of contracts reacting directly to HyperCore order books should be treated as planned functionality rather than a launch-day capability.

This distinction matters for applications that depend on market data, positions or automated trade execution. A fast Elysium block does not by itself prove that a HyperCore instruction has been submitted, accepted, filled or settled at the same speed.

Revenue allocation concerns KNTQ, not HYPE ownership

Kinetiq says 25% of Elysium sequencer revenue will be reserved for builders whose applications generate blockspace demand. It says another 50% will be used to buy back and burn KNTQ through an assistance-fund mechanism, with the remaining 25% allocated to protocol operations.

Those are disclosed programme rules, not independently audited revenue results. The launch materials do not establish how much sequencer revenue has been earned, how frequently buybacks will occur, what price or execution controls apply, or whether any KNTQ has already been bought and burned under the programme.

The mechanism should not be misreported as a HYPE buyback. HYPE is the gas asset and settlement-linked token in the announced design; KNTQ is the token named in the buyback-and-burn policy. Neither role creates legal ownership in the other project or in third-party applications deployed on Elysium.

Security, custody and execution questions remain

Moving assets into Elysium adds dependencies beyond holding them on HyperEVM. Users may rely on bridge contracts, sequencer operation, AnyTrust data availability, RPC providers, application contracts and future precompile upgrades. A public mainnet label confirms availability, not the absence of smart-contract, bridge, governance or operational risk.

Application claims also require separate verification. A protocol deployed on Elysium may impose its own custody, liquidation, oracle and access conditions. The network’s use of HYPE for gas does not prove that every Hyperliquid market is available inside every Elysium application.

NetNapz assessment

Elysium expands HYPE’s utility into a new execution environment and gives developers a faster configured block cadence than HyperEVM’s standard block paths. The meaningful near-term evidence will be production uptime, bridge reliability, deployed applications and measured activity rather than the headline capacity target alone.

The more consequential milestone comes later: verified deployment of the planned HyperCore read-and-write functions. If delivered safely, they could let EVM applications use HyperCore data and trading rails more directly. Until then, the launch should be reported as a live HYPE-gas Layer 2 with a staged integration roadmap, not as a completed merger of HyperCore and EVM execution.

Sources checked

• Kinetiq Research, 9 November 2026 — Elysium public-mainnet announcement.
• Elysium public network page — launch status, capacity targets and staged HyperCore functions.
• Arbitrum, 9 November 2026 — settlement, data availability and platform design.
• Kinetiq brand guidelines — logo use, naming and non-endorsement rules.