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Kinetiq Launches Elysium Mainnet With 100-Millisecond Blocks

The Hyperliquid layer-2 network targets 300 million gas units per second and uses HYPE for transaction fees.

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A single sequencer appliance sits beneath a hard strip of light / TokenPost.ai
A single sequencer appliance sits beneath a hard strip of light / TokenPost.ai

Kinetiq launched Elysium’s public mainnet Monday, opening a layer-2 network with 100-millisecond blocks that gives Hyperliquid applications a separate place to process transactions before settlement on HyperEVM.

The network’s estimated user-visible transaction receipt time is about 300 milliseconds. Kinetiq targets 300 million gas units per second of execution. Users pay transaction fees in Hyperliquid (HYPE), which can move from HyperEVM to Elysium on a one-to-one basis without a wrapped token.

Elysium runs on Arbitrum technology with infrastructure operated by Conduit. At launch, one sequencer orders transactions, and one Conduit server provides data availability, the system that keeps transaction records accessible. Withdrawals back to HyperEVM follow a separate process with a challenge period of about 5.5 days.

Elysium’s mainnet launched Nov. 9.

Elysium contracts can read HyperCore order books, prices, balances and positions. Kinetiq plans an upgrade about four weeks after launch to add a native HyperCore market-data precompile and a fast-write channel.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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