Kinetiq stated that Elysium, a general-purpose L2 network built for the Hyperliquid ecosystem, has launched its testnet, using HYPE as its native gas token.
Article
⚡️Elysium, the first L2 network in the Hyperliquid ecosystem, launches its testnet
BlockBeats news,September 22, according to official news from Kinetiq, the testnet for Elysium, the first L2 network in the Hyperliquid ecosystem, is now live.
Elysium is reportedly a general-purpose, high-performance L2 network built specifically for Hyperliquid, settling to HyperEVM and co-located with HyperCore,HYPE serving as its native gas token. Elysium currently operates SOC II Type 2 Conduit's G2 sequencer on an architecture compliant with standards.
Original link https://m.theblockbeats.info/flash/368481
Key points
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⚡️The first L2 network in the Hyperliquid ecosystem, Elysium testnet, has launched
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BlockBeats news,September 22, according to official news from Kinetiq, the testnet for Elysium, the first L2 network in the Hyperliquid ecosystem, is now live.
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Elysium is a general-purpose, high-performance L2 network built specifically for Hyperliquid. It settles to HyperEVM and is co-located with HyperCore,HYPE serving as its native gas token. Elysium currently runs Conduit’s G2 sequencer on an architecture conforming to the SOC II Type 2 standard.
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Original link https://m.theblockbeats.info/flash/368481
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Kinetiq stated that Elysium, a general-purpose L2 network built for the Hyperliquid ecosystem, has launched its testnet, using HYPE as the native Gas token.
Why it matters to readers
The report explicitly cites official information from Kinetiq and provides specific technical details, but the available materials do not provide independently verifiable testnet data. The event represents progress in ecosystem infrastructure and remains in the testing phase; actual adoption and economic impact remain to be seen.
Watch for subsequent official information and do not make decisions based on a single report.
Risks and unknowns
Testnet explorer, developer documentation, and verifiable operational data
Mainnet launch timeline and security audit results
Actual scale of adoption by developers, applications, and users
HYPE Specific fee and economic mechanisms for its use as a Gas token
