Kinetiq Takes Elysium Live as Hyperliquid’s First L2; Uniswap V4 Hooks Reported

Kinetiq launched Elysium mainnet on Nov. 9, an L2 using HYPE for gas; Uniswap V4 Hooks support was reported, HyperCore reads come later.

November 10, 2026
Cryptonews

Kinetiq has launched the mainnet of Elysium, a Layer 2 network aligned with Hyperliquid, according to The Defiant, which reported the launch on November 9. The Defiant said Elysium uses HYPE for gas and targets 300 million gas per second. Pump.fun and Fomo said Elysium trading was live in their apps, and Pump.fun had earlier set November 9 as its start date.

Bankless described Elysium as an Arbitrum Orbit chain that settles to HyperEVM, with HYPE bridged one-to-one for gas, aimed at trading apps, launchpads and proprietary AMMs. Its inaugural lineup included the DEX Nest, with Speculate, Dawn, Montra and Citadel also named. Half of sequencer fees are slated for KNTQ buybacks, and Bankless noted there is no Elysium token or points program for now.

The headline feature has not arrived yet. Contracts on Elysium are meant to read live HyperCore market data and route orders to HyperCore, but that comes in a later ArbOS upgrade, roughly a month after launch according to Bankless. Early security is centralized, with one sequencer and a whitelisted validator set, and permissionless fraud proofs are promised later.

Separately, Phemex News, citing PANews, reported on November 7 that Uniswap will support V4 Hooks on Elysium, enabling custom pools with dynamic fees. We could not confirm that with Uniswap or Kinetiq directly, so it should be treated as a secondary report. Bankless also cited DefiLlama data showing Kinetiq’s TVL more than 60% below its October 2025 peak.

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