Kinetiq, the liquid staking protocol that holds the majority of HyperEVM TVL, has switched on the Elysium mainnet. The network is pitched as a faster execution layer next to HyperCore, addressing HyperEVM's dual-block design and limited throughput.

Elysium uses HYPE as its gas token and targets spot trading, PropAMMs and native token launches. A customized L1Read precompile gives apps a top-of-block HyperCore oracle, and tokens can move from an Elysium AMM to a HyperCore orderbook and a HIP-3 perp listing inside one stack.

Sequencer fees are split 25% to builders, 25% to the Kinetiq treasury and 50% to open-market KNTQ buybacks, with all bought KNTQ burned.

The launch lands as Hyperliquid's spot share against Binance sits near a 15-month low. Kinetiq has not yet published full technical specs or named its launch partners.