Kinetiq launches Elysium layer 2 network for the Hyperliquid ecosystem

CryptoVideos brief
Built from 2 sources 12 Nov 2026 · 00:00 UTC 1 min read Main editor: Earl Jacobson

Kinetiq has launched Elysium, a new layer 2 network built using Arbitrum technology to expand the Hyperliquid ecosystem beyond perpetual futures. The network settles to HyperEVM, uses HYPE as its native gas token, and supports Ethereum development tools. Uniswap has deployed its v2, v3, and v4 protocols on the network. Additionally, Kinetiq directs a portion of sequencer revenue toward token buybacks and active application builders.

Key points

The network settles to HyperEVM and uses HYPE as its native gas token.
Uniswap has deployed its v2, v3, and v4 protocols on the new Elysium network.

Why it matters

The launch of Elysium provides decentralized finance applications and developers with higher transaction capacity and execution tools within the Hyperliquid ecosystem.

Price context · HYPE

At publication

$72.21

Now

$71.94

Change since

−0.37%

7 days · dashed line = publication

Sources · 2 publishers

Crypto Briefing Tier 2 First report 9 Nov, 12:05 UTC

Kinetiq launches Elysium Layer 2 to expand Hyperliquid beyond perps

Crypto.news Tier 2 11 Nov, 18:43 UTC

Uniswap launches v2, v3 and v4 on Hyperliquid’s Elysium network

Coverage timeline

Nov 9, 12:05First reported by Crypto Briefing
Nov 11, 18:43Also reported by Crypto.news
Nov 12, 00:00CryptoVideos brief published

How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error