Source context: Odaily published the original report by Asher on November 9, 2026, at 16:14:51 UTC+8. It described Elysium’s mainnet launch as scheduled for 21:00 that evening. The launch status, bridge availability and market figures below reflect that report, not a current verification.
Where Elysium fits in the Hyperliquid ecosystem
Odaily described Elysium as the first Layer 2 network in the Hyperliquid ecosystem. Built by Kinetiq—the project behind the HYPE liquid-staking product kHYPE—it aims to expand execution capacity for spot trading, asset issuance and more complex DeFi applications.
Elysium uses the Arbitrum Orbit stack, executes transactions on its L2 and settles state to HyperEVM. HYPE serves as its native gas token. Its stated performance targets are approximately 100-millisecond block times and 300 million gas per second; these are targets, not independently verified performance results in the report.
Further integration with HyperCore was planned. The intended functionality would let smart contracts access more order-book, balance and position data and submit orders with low latency, supporting applications such as market making and arbitrage.
The announced allocation of sequencer revenue was:
- 25% to application builders;
- 25% to the Kinetiq treasury;
- 50% to buying back and burning KNTQ.
Odaily cited GMGN data putting KNTQ’s market capitalization at approximately $410 million at the time. HYPE’s role is separate: it pays for network gas.
The reported funding route—and its limits
Before the scheduled launch, Elysium’s official bridge was not yet available, according to Odaily. The report instead described BOXA, a third-party bridge then used by the community, as a route for moving HYPE from HyperEVM to Elysium.
That distinction matters: this was not an official-bridge onboarding path. The article did not document BOXA’s security model, withdrawal process or whether deposits could be reversed. It therefore does not establish the route’s safety or exit conditions.
Prerequisites and network settings
The reported route began with buying HYPE on a centralized exchange and withdrawing it to a personal Web3 wallet on HyperEVM. Odaily said Binance had resumed HyperEVM withdrawals at the time and specifically warned readers not to select Hyperliquid / HyperCore as the withdrawal network.
The HyperEVM settings supplied were:
- Network: HyperEVM
- RPC:
https://rpc.hyperliquid.xyz/evm - Chain ID:
999 - Currency symbol: HYPE
- Explorer: https://hyperevmscan.io/
The article then described opening BOXA, selecting Bridge → Deposit, connecting a wallet, entering an amount and signing the transaction.
For the destination network, it supplied the following BOXA-provided configuration:
- Network: Elysium
- RPC:
https://rpc-live.boxa.club - Chain ID:
99901 - Currency symbol: HYPE
These settings are reproduced as historical source information, not as confirmation that the services remain available or suitable for use.
Four token-issuance platforms in the report
Odaily’s ecosystem overview centered on four issuance platforms. Their reported features and token valuations provide a snapshot of early activity, rather than evidence of durable adoption.
Ascend: KNTQ instead of a separate platform token
Ascend does not issue its own platform token. Instead, it uses Kinetiq’s governance token, KNTQ, as its protocol token. The report said most protocol fees go toward buying KNTQ and HYPE, with a portion used for burns.
Odaily reported nearly $6 million in first-day trading volume and 873 tokens deployed. Ascend also adjusts creator fee shares as projects develop and offers support from issuance through subsequent ecosystem development, with the aim of preparing projects for potential entry into HyperCore spot markets and HIP-3 perpetual markets. That support should not be read as a confirmed listing.
The report highlighted two tokens:
- e/acc: market capitalization had exceeded $10 million, before standing at approximately $7.5 million in the report.
- Ascend Accelerationism (A/ACC): approximately $2 million.
Montra: configurable launches and a planned allocation
Montra lets projects configure minting, the start of trading and fee distribution. Creator fee income can go to teams or holders, or fund token buybacks.
The platform planned to issue MONTRA, with 25% of total supply allocated to a community airdrop across five categories, each receiving 5%:
- Active ecosystem users;
- Early creators and traders;
- Participants in the platform’s top ten tokens;
- Liquidity providers;
- Content and referral contributors.
This was a reported plan, not a guarantee of eligibility or distribution.
The Montra section listed EACCAT at approximately $3.3 million in market capitalization and CHAMELEON at approximately $1.2 million. The source’s sentence labels them as Ascend tokens despite appearing under Montra, leaving their platform attribution internally inconsistent.
Volta: multiple pool assets and a buyback mechanism
Volta supports creating pools for new tokens using HYPE, KNTQ or VOLTA. Creators can configure trading fees, scheduled trading starts and anti-front-running rules. Some trading fees can also fund holder rewards or project-token buybacks.
The platform takes 30% of all trading fees, and 80% of that platform share is allocated to buying back and burning VOLTA. Odaily reported VOLTA’s market capitalization at approximately $5 million.
Kleos: direct-to-pool issuance
Kleos does not use a separate bonding-curve stage. The report said a new token’s entire supply enters a trading pool at creation and its initial liquidity is permanently locked. Users therefore do not need to wait for a fundraising threshold or token “graduation” before trading.
Alongside swaps, Kleos supports limit orders. It also offers holder rewards, KLEOS staking, points and community teams. KLEOS’s reported market capitalization was approximately $500,000.
What was established—and what remained unfinished
At publication, the documented picture was a scheduled mainnet launch, a third-party funding route, announced network economics and several token-issuance platforms reporting early activity. HyperCore integration remained a plan, and the official bridge was not yet available. The source did not establish bridge security, withdrawal guarantees or sustained network adoption.
Original article: Odaily, by Asher — November 9, 2026, 16:14:51 UTC+8