Elysium brings 100ms blocks and a 300 Mgas/s execution target to the Hyperliquid ecosystem, with HYPE as native gas, and 50% of sequencer revenue directed to buying back Kinetiq’s native token, KNTQ.
Elysium, Hyperliquid's first layer 2, debuted with a burst of activity and aims to multiply HyperEVM's capacity. Its challenge now is to turn initial enthusiasm, including memecoins operations, into sustained use and DeFi activity that supports its economic model.