Kinetiq has launched the Elysium testnet, with a block explorer, supporting documentation, and RPC endpoints now available for builders. Kinetiq is positioning Elysium as "the only value accretive L2" and a general-purpose chain for Hyperliquid, now live in testnet form.
- Elysium is a high-performance DeFi chain for onchain spot trading on Hyperliquid, settling to HyperEVM and co-located with HyperCore, with HYPE as its native gas token
- It runs on Conduit's rollup stack, powered by Conduit's sequencer and SOC 2 Type II infrastructure
- 25% of sequencer revenue is committed to builders whose apps drive real usage of the chain's blockspace
- Early community benchmarks run the same contract and load on Elysium and HyperEVM side by side: ~0.27s vs ~1.7s to inclusion and ~5.8x cheaper per transaction on Elysium