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Kinetiq launches Elysium mainnet, a Layer 2 network for Hyperliquid

Kinetiq launched the mainnet of Elysium, a Layer 2 network built for Hyperliquid. It aims to take the platform beyond perpetuals trading and could raise transaction capacity.

Illustration: A phone leaning upright shows a plain gold coin on its screen, with silver and gold circuit-pattern tokens scattered around it on a coral backdrop.
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Kinetiq launched the Elysium mainnet, a Layer 2 network for Hyperliquid. A Layer 2 is a separate network built on top of another blockchain to add capacity.

The project aims to expand Hyperliquid beyond perpetuals, which are futures-style contracts with no expiry date.

The launch could significantly improve transaction capacity and efficiency. That could change how decentralized finance and trading ecosystems work, though the effect is not yet known.

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