Elysium mainnet is live, and so are the bridges. ✧ You can now bridge assets in and out of Elysium through @RelayProtocol, @jumperapp, and @mayan. Getting onto Elysium has never been easier. No more excuses. Bridge in:

elysium wallets you need to watch: 1/ the chain owner 0xc030cee9e03a6dfbda0a817c8bdb4ba44d6d61d0 (hyperevm) a 4-of-11 multisig. it controls the upgrades of the bridge, which holds 185,270 hype (~$14m). it's not kinetiq. the same 11 signers run a multisig on ethereum that deploys op stack chains. that's an infra provider, most likely conduit. 2/ the fee wallet 0x6cbb552855ce5eb70af49b76a8048be8e3799a05 elysium's gas fees land here. 99 hype so far. it has never sent a single transaction. kols say half of the sequencer fees will buy back $kntq. the first time this wallet moves, you'll see if that's true. 3/ the deployer 0xe7cb019b9ea946961207775f11cac8e3dbf1cb8a launched the chain on oct 19 at 12:00 utc and made the first deposit 2 minutes later. then it set the fee wallet and gave up its admin role. 4/ the founder nansen tags these 4 hyperevm wallets as omnia, kinetiq's founder: 0x537e3d1740d92a57add46508fa1766dea913f160 0xb9d83d298d46c4dd73618f19a2a40084ce36476a 0xd73e39d45d1cb122387b0042ba747fed8d651389 0x697d4324bbc32a4fb52bfc376dc8c08423563327 none of them has ever sent a tx on elysium. the team works through other wallets. 5/ the team's ops wallet 0xbaae71599f6760e86a110e99c9820a26d5a87343 it got 32 hype from omnia's wallet on oct 22. it made the very first bridge of $kntq, usdc, ubtc, ueth, usol and purr to elysium. those tokens exist there because this wallet bridged them first. it also paid the gas to deploy multicall, create2 and createx. when the team does something on elysium, it usually starts here. 6/ the second ops wallet 0x8b66b91730e49633d45387b08ee95e800daa05f8 it gave 0xbaae the tokens for the first bridge tests. it sends 0.1 to 5 hype to new wallets. 7/ the bot controller 0x21bd4afd1dcd3538591be0aba527340b36dc7e0b this is the one nobody talks about. remember oct 31? one pool got 2m+ swaps of 0.000001 hype. at the time, that was ~97% of all swaps ever made on elysium. those swaps came from 1,000 wallets that sent 297,153 transactions. all 1,000 got their gas from 0x21bd. and 0x21bd was funded like this: omnia → 0xbaae → 0x8b66 → 0x7a8f → 0x21bd that night, the 1,000 bots sent their leftover hype back to 0x21bd. all of them, in 10 seconds (19:29:51 to 19:30:00 utc). two minutes later, 4.3 hype went back to 0xbaae. one operator. 1,000 keys. funded by the team's wallets. it was most likely a stress test before mainnet, funded with about 20 hype. but those are the same transactions people quote when they say elysium is "already busy". 8/ early access (not the team) 0x058bc86a8262670f97e3dbcb3da789f452b2bf91 → boxa's deployer, live on day 1 of the private mainnet 0x892e4ec4e6ede01e2159eccbcdd409d8df8d68d5 → elyspump's deployer, also day 1 0xc17658dfaa089eef0fbc79fe6876040caf61aca7 → first non-infra deposit, oct 19 at 20:32 utc what this tells you: kinetiq builds elysium, but the upgrade keys are with the infra provider. the fees are in a wallet that has never moved. and a big part of the early activity came from the team's own bots.

Elysium → HyperEVM = MegaETH → Ethereum? Real volume is in Hyperliquid perps. HyperEVM still hasn’t found big demand, but this L2 tries to fix its blockspace limits. Demand looks unclear so far. Mainnet in 2 days.

Elysium is targeting a November 9 mainnet launch, aiming to expand what can be built within the Hyperliquid ecosystem. With 80+ teams exploring DeFi, trading, and prediction markets, the opportunity extends beyond faster transactions to new assets, deeper liquidity, and additional trading activity. Here’s how @Enter_Elysium could become a new growth engine for @HyperliquidX. — ● Hyperliquid’s Execution Bottleneck @HyperliquidX dominates perpetuals, but building a broader trading economy requires affordable execution for applications, token launches, and spot markets. HyperEVM’s limited throughput and rising gas costs create constraints: • Expensive quote updates reduce market-making profitability. • Limited execution capacity restricts application scalability. • New tokens struggle to build liquidity without cost-efficient trading. @Enter_Elysium aims to ease these constraints, creating a path from new applications and token launches to liquidity and activity on HyperCore. — ● How Elysium’s Architecture Fits Together Built by @Kinetiq_xyz on @arbitrum Orbit with @conduitxyz, Elysium is an EVM Layer 2 designed for high-throughput applications within Hyperliquid. Its architecture connects three layers: • Elysium : Executes applications, token launches, and liquidity markets. • HyperEVM : Provides the settlement layer connecting Elysium to Hyperliquid. • HyperCore : Provides trading infrastructure for potential spot and derivatives activity. The objective is to combine faster, cheaper application execution with Hyperliquid’s established trading infrastructure. That connection matters because new markets only expand the ecosystem if they can attract liquidity and generate sustained trading activity. — ● HyperCore Integration Is the Key Differentiator Elysium’s strongest potential advantage is how closely its applications can interact with HyperCore. Integration is planned in two phases: • Phase 1 : Basic HyperCore integration at launch. • Phase 2 : Targeted roughly four weeks later, adding native access to order books, prices, balances, and positions, alongside a faster write path targeting ~100 ms. This could allow market makers to manage liquidity on Elysium while hedging exposure on Hyperliquid, potentially generating incremental trading volume and fees. The strength of that connection depends on Phase 2 delivery. — ● From Token Launches to HyperCore Liquidity With that integration in place, Elysium’s proposed growth loop starts with token launches and extends through spot liquidity into potential HyperCore markets and HIP-3 perps. • Launchpads : Introduce new assets. • DEXs and prop AMMs : Build liquidity and market depth. • HyperCore : Supports deeper spot markets, derivatives, and hedging. • Value accrual : Potentially increases trading fees, $HYPE gas demand, and $KNTQ burns. Each stage supports the next: launches introduce assets, liquidity makes them tradable, and deeper markets create demand for hedging and derivatives. The thesis depends on attracting genuinely new activity rather than redistributing existing Hyperliquid volume. — ● Prop AMMs: Connecting Launches to Liquidity Prop AMMs are an important part of this loop, using proprietary capital and automated pricing to provide continuous buy and sell liquidity for new tokens. Elysium’s low-cost execution could make frequent quote updates more economical, while planned HyperCore integration could help market makers manage inventory and hedge exposure across markets. This gives newly launched assets a potential route toward more reliable trading conditions. The adoption signal is sustained liquidity and competitive spreads. Launching more tokens alone does not establish a functioning market. — ● An Expanding Application Ecosystem Elysium has 80+ teams exploring the ecosystem, with 50+ reportedly live on testnet and nearly 40M testnet transactions. Projects span the components needed to support this trading economy: • Launchpads: @AscendLaunch, @SignalFam, @oxleydotfun, @CorePad_hl, @perpmefun, @Neuriio, @ChainzyLabs, @MontraXYZ, @citadeldotxyz, @kilnpad, @Bunnypadfun. • NFTs and marketplaces: @kalosfun, @AtlasHL. • DEXs and liquidity: @HyperFlow_fun, @NestExchange, @HybraFinance, @dawndottrade. • Trading and DeFi: @Elypact, @Pantheonindex, @Pindar_finance, @truemarketsco. • Derivatives and prediction markets: @hyperflip_xyz, @speculatexyz, @LiquidictionHL, @Bound_Exchange, @BranchpointXYZ, @outrivexyz. • Games and consumer apps: @eloscapeHQ, @playelysa, @clashforelysium, @Hyperion_RPG. • Analytics and infrastructure: @liquidterminal, @ElysiumEco, @Ellytradebot, @arbitrum, @conduitxyz, @Alchemy, @ChainstackHQ, @Quicknode. • Naming and wallets: @ElysiumNames. This breadth provides a starting point. Whether these applications retain users and liquidity after mainnet will determine their economic contribution. — ● How Network Activity Could Accrue Value Elysium aims to channel network growth back into the ecosystem through its sequencer revenue allocation: • 50% : $KNTQ open-market purchases and burns via the Hyperliquid Assistance Fund. • 25% : Builder incentives, rebates, and liquidity programs. • 25% : Kinetiq treasury and operations. Alongside this allocation, additional HyperCore trading and a larger USDC base could increase Hyperliquid revenue. This creates two potential value-accrual channels: sequencer-funded $KNTQ burns and increased Hyperliquid revenue from $USDC yields and HyperCore trading fees. Both depend on the network generating sustained economic activity. — ● The USDC Revenue Opportunity One potential contribution is expanding Hyperliquid’s USDC base, increasing reserve-yield revenue flowing to the Assistance Fund under AQAv2. At $4.3B in incremental USDC, a 3% yield and 90% protocol share imply approximately $116M in annual revenue. This is an illustrative scenario, not a forecast. Realizing it requires genuinely new USDC entering the ecosystem, alongside sustained yield and revenue-share assumptions. Capital moving between existing Hyperliquid applications would not create the same incremental opportunity. Net inflows therefore matter as much as application activity when assessing Elysium’s contribution. — ● Testnet Activity ≠ Real Adoption Elysium reportedly recorded 40–42M transactions, ~22 TPS, 6.5M addresses, and 4.5M contracts, alongside 80+ teams and 50+ projects live on testnet. These figures show testing activity and developer participation, but they do not establish organic demand. Transactions and addresses can include bots and automated testing. The more meaningful signals emerge after mainnet: • Retained users and organic transactions. • Sustainable liquidity, trading volume, and fees. • Net USDC inflows and projects that remain active. The question is whether testnet participation translates into applications people continue using once real capital is involved. — ● Mainnet Will Test the Thesis With a November 9 launch targeted, the first 4–6 weeks should provide early evidence of whether Elysium’s architecture can support real adoption and deliver its planned integration. Key metrics to watch: • Execution : Performance, transaction fees, and HyperCore integration. • Liquidity : Market depth that persists beyond launch incentives. • Adoption : Organic users and sustained trading volume. • Value accrual : Sequencer revenue, $KNTQ burns, $USDC inflows, and HyperCore fees. • Security : Audits, bridge safety, and sequencer decentralization. Together, these metrics will help distinguish ecosystem expansion from activity migrating between existing venues. Elysium needs to turn execution capacity into sustained liquidity and incremental Hyperliquid activity. — Elysium’s opportunity is to extend Hyperliquid’s derivatives dominance into a broader onchain trading economy. Faster execution provides the foundation. Market makers, liquid applications, and deeper connections to HyperCore must turn that capacity into economic activity. If this feedback loop takes hold, Elysium could become an economic expansion layer for Hyperliquid.