Elysium, Hyperliquid’s First L2, Launches Mainnet at 9 PM Tonight

Elysium's mainnet matters less as another L2 than as a test of Hyperliquid's ability to extend its ecosystem beyond its own chain: settling to HyperEVM with HYPE as gas ties the new network's economics directly to the parent asset. The 50% buyback-and-burn on sequencer revenue gives KNTQ a demand mechanism that depends entirely on real usage, not launch hype, and the 25% builder share is an explicit bid to attract apps. The open question is whether actual activity materializes fast enough to make that revenue split meaningful, and whether Elysium becomes a template for further Hyperliquid-aligned networks.