Aug 25, 2026
Kinetiq unveils Elysium L2 for Hyperliquid with HYPE as gas token
Kinetiq, which controls approximately 82.5% of Hyperliquid's liquid staking market, announced the launch of Elysium, a new Layer 2 chain built on top of the Hyperliquid ecosystem. The L2 aims to improve HyperEVM performance, revive spot trading, and create a new KNTQ buyback engine using HYPE as the gas token.
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