Hyperliquid’s First L2 Elysium to Launch Mainnet Nov 9

Elysium matters less as a new chain than as a test of whether Hyperliquid's ecosystem can extend beyond its core exchange without fragmenting liquidity or attention. The Uniswap V4 Hooks commitment gives builders a concrete reason to deploy, but the real signal is whether activity on the L2 complements HyperCore or simply competes with it. The open question after launch is whether HYPE's role as gas token creates durable demand tied to usage rather than speculation, and whether other established DeFi protocols follow Uniswap's lead onto the network.