Most Elysium headlines are about Uniswap and Pump.fun. The more interesting list is the teams that only exist on Hyperliquid. We mapped 15 of them: each one has posted its own Elysium plans in the last few weeks.

What Elysium is

Elysium is the L2 that Kinetiq built for Hyperliquid. HYPE is the gas, blocks land every 100 ms, and it targets about 100x the gas per second of HyperEVM. Sequencer revenue is split three ways: 50% buys back and burns KNTQ, 25% goes to the apps that bring the traffic, 25% to the treasury.

Mainnet opens on November 9. Until then the network is open to partners only, and Elysium has warned users about unofficial tooling.

DEXs and aggregators

• Nest: HYPE-aligned DEX with liquidity from the first block (announcement)
• Hybra: Hyperliquid's public liquidity layer, deploying on Elysium from day one (announcement)
• HyperFlow: aggregator with $1B+ routed on Hyperliquid, swaps live on day one (announcement)

Launchpads

• Ascend: no platform token, KNTQ buyback share raised to 80% (announcement)
• Signal: creators choose who their coin's fees go to (announcement)
• Oxley: token launches by auction instead of a bonding curve (announcement)

Trading and markets

• Speculate: prediction markets and card packs, live November 9 (announcement)
• Hence: turns a market thesis into a tradable basket (announcement)
• Kalos: trading hub for Elysium, first pick of Ascend's incubator (announcement)

NFTs and games

• AtlasHL: NFT marketplace for HyperEVM and Elysium (announcement)
• Elytra: first NFT collection on Elysium, with its own marketplace (announcement)
• Lutra: 5,555 otters that evolve with your Hyperliquid trades (announcement)
• Eloscape: virtual mining protocol on Elysium (announcement)

Data and analytics

• HypeDexer: indexed chain data and archive RPC for builders (announcement)
• Liquid Terminal: free Elysium dashboard with a tx simulator and token checker (announcement)

Also on day one

Uniswap, 0x, KyberSwap, Pump.fun, fomo and Banana Gun are launching on Elysium too. The big Hyperliquid DeFi names (Felix, HyperLend, Hyperbeat and others) have not announced Elysium plans yet, so for now the native ecosystem is mostly young 2026 teams: launchpads, DEXs, NFTs and terminals.

A walkthrough posted to the Ethereum Magicians forum shows how the Arbitrum Security Council emptied an address tied to the Binance exploit on Oct. 30 without ever holding its private key.

The council took 74,559,805 ARB and about 8,426 ETH off the address, moving both to a holding address.

The 9-of-12 council Safe briefly swapped the code of Arbitrum's Inbox contract through the UpgradeExecutor, so the transfers appeared to be sent by the address itself, then restored the original code. On-chain, the moves show up only as type 0x65 transactions with blank signatures.

The funds can only move again through an ArbitrumDAO governance vote. Security firm Zealynx sees no bug in the design, but notes that on such chains a key only controls a wallet as far as whoever controls the upgrade path allows. The council made a similar move in April with 30,765 ETH held by the KelpDAO exploiter.

Banks and market infrastructures increasingly run their own ledgers for privacy and control, which leaves counterparties scattered across separate networks. Consensys has introduced a cross-ledger settlement and routing stack aimed at connecting them.

The product, Sovereign Network Interoperability, picks an eligible route between approved counterparties, coordinates execution on each ledger and tracks the transaction to completion. It covers four workflows: collateral mobility, delivery-versus-payment securities settlement, wholesale and cross-currency payments, and tokenized fund servicing.

Assets stay on their native ledgers: the stack is bridgeless, with cross-ledger state verified cryptographically instead of through extra trusted intermediaries.

At its core is Consensys's Cross Ledger Interoperability Protocol (CLIP), with planned support for the Ethereum Economic Zone standard, IBC and Canton. EVM-based chains are supported now, and Canton is next. Institutions can run it themselves, through a market infrastructure or as a Consensys-managed service.

After the $6.36B hack, Binance raised market maker rebates for one week: Tier 2 and Tier 3 firms now earn the Tier 4 rate on spot and futures.

Spot: Tier 2 doubles from 0.004% to 0.008% per maker trade, Tier 3 rises from 0.006% to 0.008%. USDⓈ-M futures: Tier 2 goes from 0.003% to 0.005%, Tier 3 from 0.004% to 0.005%. Tier 4 normally takes 1% of weekly spot maker volume.

Binance's BTC depth within 1% of price fell about 30% the day after the hack, from $45M to $32M. The goal is to win that liquidity back: deeper order books and tighter spreads keep traders and volume on Binance while outflows settle. The window closes in a week.

An unidentified entity in the EU lost funds from several centralized exchange accounts on November 1, with the stolen assets withdrawn as USDC and USDT. On-chain investigator ZachXBT has now raised the estimate after tracing an additional $27M+ of exchange withdrawals by the same actor.

The total for the incident now stands at $133M+, and part of the withdrawals happened after the first public alert.

The attacker has been swapping USDC for ETH, moving funds through instant exchanges such as WellWallet and Kyrrex, converting to XMR via Wagyu and bridging across several chains. ZachXBT says laundering indicators point away from North Korea's Lazarus Group.

His working theory is that a large Western European financial institution was exploited and the breach is being covered up. Without a proper incident disclosure, $30M+ has already been laundered that EU law enforcement could otherwise have frozen.

NEAR's governance body, the House of Stake, voted on November 2 to approve proposal HSP-029, lowering the network's issuance ceiling by 36%. It is the second cut after the cap fell from 5% to 2.5% in late October 2025.

The change starts with a roughly 90-day grace period once the Security Council ratifies the proposal and validators adopt the upgrade, followed by a 24-month ramp down to 1.6%. The 90/10 split between stakers and the treasury stays in place, with no new spending or validator subsidies. The proposal, authored by SVRN CEO Sal Ternullo, passed with about 3.29M veNEAR in favor.

Daily issuance is projected to fall from about 89,500 NEAR to 57,300 NEAR, with roughly 11.8M fewer tokens minted over the first two years.

Gross staking yields are expected to drop from about 5.27% to 3.37%, while non-staking holders face less dilution. Until ratification and validator adoption, the current 2.5% cap remains in effect.

A month of repeated exploits across crypto has pushed Solana wallet Solflare into a defensive posture: its co-founder Vidor said the team has entered a high security alert, closing access to the company's infrastructure and code.

Every change now requires multiple approvals, and no new code is allowed into production during the lockdown.

Vidor acknowledged the measures will slow development, but said he accepts the trade-off. The move is preventive: Solflare has not reported a breach, and the freeze is aimed at shrinking the attack surface while incidents across the industry continue.

Five days after the October 29 breach that drained $6.3B from the exchange, Binance has moved to the second phase of its withdrawal recovery, starting at 04:00 UTC on November 3. The first phase went live on November 1.

The new batch covers 103 network-asset pairs across nine networks: BSC, Ethereum, Solana, XRP Ledger, Sui, Arbitrum, Optimism, Tron and Base. Withdrawals for all bSTOCKS on BSC are also being reopened, alongside stablecoins such as USD1, FDUSD, RLUSD and USDC.

Assets reopen one by one after security checks, ranked by user demand over the past week, so not every listed pair becomes available at once.

Deposits were never suspended. Binance repeated that it will absorb the losses from the stolen funds and not pass them on to users, and warned of delays during the rollout due to traffic volume.

Speaking at the Plan B Forum in Lugano, Paolo Ardoino shared new figures on the scale of the stablecoin issuer's balance sheet and user base.

Tether owns roughly 150,000 BTC, counts more than 730 million users worldwide and adds about 30 million new wallets every quarter.

Its third-quarter reserve attestation shows about $122.8B held directly in U.S. Treasuries, or roughly $132.4B including repurchase agreements, with excess reserves of $7.95B.

Ardoino also outlined Tether's "Independence Stack", an open-source infrastructure push covering energy, bitcoin mining, peer-to-peer communication, self-custody wallets and local AI, designed to keep running even if Tether itself ceased to exist.

Days after the breach, the exchange reached out to smaller trading firms with higher spot and futures rebates in a bid to bring activity back to its venue. Binance ranks market makers in tiers based largely on the liquidity they provide, and higher tiers earn larger rebates.

Under the temporary plan, Tier 2 and Tier 3 market makers reportedly get the same rebate rates as Tier 4, the top tier, for one week. The goal is to pull in more mid-sized firms and rebuild order-book depth.

Bitcoin order-book depth on Binance reportedly fell about 30% in the 24 hours after the breach, from roughly $45M to $32M within 1% of the price.

Binance halted withdrawals after confirming the hack on Oct. 29 and resumed them on Nov. 1. Net outflows reached about $4.7B by Nov. 2. The FBI attributed the attack to North Korean hackers, and Binance has pledged to cover user losses.