what really sets elysium apart from every other l2 is native hypercore access through precompiles
hevm has them too but slow blocks, top-of-book-only reads and delayed order writes with no execution guarantee meant they never got used to their full potential. papertrade is one of the few protocols that actually built its core around them
on elysium a contract will be able to read live hypercore state every single hypercore block. full-depth orderbooks, oracle, mark and spot prices, and the balances and positions of any account on hl. it will also be able to send orders to the hypercore books in ~100ms while users keep custody of their funds
so while everyone is fighting over what the next cashcat on elysium will be i think the thing worth watching is what actually makes this chain different: composability with hypercore
none of this is live yet. it ships in an upgrade expected in about four weeks. when it does i hope to see serious builders put it to work. the design space is huge and could give us genuinely new defi/perps primitives
i have a few fun ideas in mind, will talk about them later. until then let the tourists leave and let's wait patiently for the precompiles