Kinetiq launches Elysium Layer 2 to expand Hyperliquid beyond perps

Built on Arbitrum, the network targets 100 millisecond blocks as Kinetiq points to billions in unmet demand beyond perpetual futures trading. Kinetiq has launched Elysium, a Layer 2 network built for Hyperliquid using Arbitrum technology, with 100 millisecond blocks and an execution target of 300 million gas per second, roughly 600 times HyperEVM’s big block capacity. The network settles to HyperEVM, runs alongside HyperCore and uses HYPE as its native gas token. It is designed to support trading applications, market making and decentralized finance without requiring users to move assets outside the Hyperliquid ecosystem. HyperEVM’s architecture prioritizes HyperCore’s exchange performance, limiting the transaction capacity available to applications. Elysium aims to address those constraints by providing additional execution capacity while maintaining access to Hyperliquid’s liquidity. Justin Greenberg, cofounder and CTO of Kinetiq, told Crypto Briefing in a written interview that Elysium was specifically developed to overcome the limitations that have constrained applications on HyperEVM. “Where HyperEVM currently struggles deeply with functionality and transaction capacity, Elysi...