TREE NEWS update: Kinetiq’s Elysium, a Layer 2 built on the Arbitrum stack and settling to HyperEVM, will launch on Monday, Nov 9, with target block times of 100ms and gas paid in HYPE. Fomo, Pumpfun and GMGN will support the chain from day one, while Ascend’s first-day test data showed about $5.97 million in volume across 47,254 trades and 873 tokens deployed, generating $34,808 in protocol fees.
Kinetiq’s Elysium Hyperliquid Layer2 to Launch Nov 9
AI take
Elysium's real test is whether a Hyperliquid-aligned L2 can convert day-one application support into durable activity rather than a launch spike. The Ascend test figures — modest fees against far larger volume — suggest thin per-trade economics, which matters for anyone watching how HYPE-denominated gas demand develops. The open question is whether the 100ms target and Arbitrum-stack settlement to HyperEVM attract builders beyond the initial Fomo, Pumpfun and GMGN integrations, or whether activity concentrates in a handful of consumer apps.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
2h ago
Binance Aims to Restore Full Withdrawals Next Week After 87 Networks Reopen
2h ago
Spark TVL Falls 15.3% in a Week to $5.70B, a 30-Day Low
2h ago
Large Wallets Buy ETH as Price Slips Below $1,800
2h ago
SOL Falls to $67.37, Lowest Since June, Underperforms BTC and ETH
2h ago
CoreX Flags Bitcoin Mining Power Hijacked to OCEAN
3h ago
Enterprise blockchain poised for revival as scalability and privacy improve