Pinned Tweet
A New Era for Hyperliquid, November 9th.
See you on Elysium mainnet.
e/acc
See you on Elysium mainnet.
e/acc
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We appreciate the community's enthusiasm and eagerness to explore Elysium, but mainnet has not officially launched yet.
Please exercise caution with any unofficial tooling and stay vigilant against scams.
November 9th, see you on Elysium.
Please exercise caution with any unofficial tooling and stay vigilant against scams.
November 9th, see you on Elysium.
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Elysium is deploying Hyperliquid infrastructure at @TheHUB in Tokyo.
The infrastructure will assist in feeding HyperCore + HyperEVM state directly to Elysium.
Elysium builders can also deploy servers alongside it, with bare-metal compute and low-latency connectivity inside on Elysium will also have access to preferred terms from The Hub, further accelerating their capabilities.
e/acc
The infrastructure will assist in feeding HyperCore + HyperEVM state directly to Elysium.
Elysium builders can also deploy servers alongside it, with bare-metal compute and low-latency connectivity inside on Elysium will also have access to preferred terms from The Hub, further accelerating their capabilities.
e/acc
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Contract audits and real-time onchain data @serialized_xyz
Live on testnet today, ready for Day 1 of Elysium mainnet.
Live on testnet today, ready for Day 1 of Elysium mainnet.
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Elysium retweeted
hear me out
extremely performant general purpose layer
+
extremely performant orderbook technology
e/acc
extremely performant general purpose layer
+
extremely performant orderbook technology
e/acc
Kinetiq is going to be launching Elysium at a great time, now that Robinhood Chain is finding a new floor and Papertrade just demonstrated that Hyperliquid community still has motion and wants to play new games.
This is definitely an experiment worth trying.
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On Elysium, @cantinasecurity brings access to Apex as builders ship toward mainnet on November 9th.
e/acc
e/acc
Elysium is going live on November 9, and we’re very excited to be part of it!
The testnet is now open for developers to build and test applications, and we’re helping @Kinetiq_xyz keep it secure through continuous testing with Apex.
When finding any bug, Apex will provide and guidance to fix them fast.
Can't wait for the launch, @Enter_Elysium !
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Elysium retweeted
Bitwise Research Lair coin of the week:
kinetiq:native
DeFi on Hyperliquid.
kinetiq:native
DeFi on Hyperliquid.
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Enter the Elysium testnet: elysium.kinetiq.xyz/testnet-explor…
Documentation: elysium.kinetiq.xyz/docs/what-is-e…
Blog: kinetiq.xyz/blog/elysium-h…
Announcement from Kinetiq: x.com/Kinetiq_xyz/st…
Documentation: elysium.kinetiq.xyz/docs/what-is-e…
Blog: kinetiq.xyz/blog/elysium-h…
Announcement from Kinetiq: x.com/Kinetiq_xyz/st…
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Elysium retweeted
Big if true
Since true, big
e/acc
Since true, big
e/acc
Thoughts on the upcoming Elysium launch:
As an absolute $HYPE maxi over an extended timeframe, it recently became clear that (in what is the most ironic possible outcome) CT's obsession with a cashflow/security valuation framework has become self-defeating.
Since the conception of the cryptoeconomy, the dominating valuation framework has rested on some ill-defined network metrics (e.g., metcalfe's law) while cashflow was reserved as very much secondary, or non-existent. In the meantime, the vast majority of crypto participants were actively fighting the security status of cryptoassets while under fire from the Gensler-era SEC, which suggested the cashflow/DCF-style modeling as erroneous, and decisively so when the SEC determined cryptoassets as emphatically NOT securities.
What's surprising about the canonical hype valuation framework is that it flies in the face of everything this space fought so hard to overcome, and very specifically effects arguably the best product to ever emerge from the cryptoeconomy. I think that it's because the mind virus around cashflow has muddied the fact that hyperliquid is not a security, and in fact contains exactly the network features that ETH, SOL, ZEC, etcetera, possess, and from which their fair market valuations profit tremendously (and appropriately).
So back to @Kinetiq_xyz and @Enter_Elysium: if scaling the network component of hyperliquid can make more obvious this trait of hyperliquid, then the first thing that happens is that the network effects and corresponding fair market value explode, as we've seen in the past. On top of that, if the bottom line is accretive to hyperliquid, then not only does hype gain from the network effect/speculative premium, but also a genuine economic force supporting the ecosystem. That could be huge.
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Elysium retweeted
my conviction on @Kinetiq_xyz is purely a bet on @0xOmnia and the team delivering a pristine experience with @Enter_Elysium.
the progress so far is quite satisfying. there's a wave of protocols steering the ship towards the ecosystem. no big protocols yet, but I feel that's the bit weird, but if we're looking into mythology, Elysium is the place of absolute peace, free from the struggles of the normal world.
besides the struggles of HyperEVM that the Kinetiq team fixes with the launch of Elysium, there's another important aspect that I think will make sense in the grand scheme of things.
any chain that launches goes through these phases of cannibalization and economic parasitism. all the protocols launching in that specific ecosystem have a single motivation: compete for users and liquidity, rise to the top and create the most value for your token.
there's nothing wrong with this per se, but it is why PvE turns into PvP so quickly, as the resources on any chain will eventually become finite. let's not even touch on the vast number of L2s which give crumbs back to the actual L1 as they achieve structural decoupling.
Elysium seems to be designed around the exact opposite idea.
instead of creating another sovereign economy that slowly decouples from the layer underneath it, its success is still structurally tied to the success of Hyperliquid.
$HYPE remains the native gas asset. applications on Elysium are meant to interact with HyperCore liquidity rather than recreate it somewhere else. more activity on Elysium can therefore translate into more market making, arbitrage, hedging and ultimately more volume flowing through HyperCore.
the L2 doesn't need Hyperliquid to lose for Elysium to win.
quite the opposite.
if Elysium becomes a better execution environment for applications that simply cannot operate efficiently on HyperEVM today, it expands the surface area of what can be built around Hyperliquid while keeping the economic gravity centred around the same ecosystem.
and this simple reflexivity is also reaching other builders, the ones which are not trying to compete purely in their own interest on Elysium, but actually the ones giving back to the Elysium ecosystem and the Kinetiq community.
it's through protocols like @AscendLaunch, @NestExchange or @MontraXYZ, which have already announced that they will use part of their fees to buy back kinetiq:native tokens and burn them, in a similar process to what the Hyperliquid Foundation is doing.
and imagine if you get 10-20 protocols doing the same, working together to push the chain further. what will this attract in the end?
a stronger community, more activity, more interest from developers, making Elysium a more attractive place to launch your protocol and work together to build something great.
simply put, a high-throughput utopian world.
i strongly believe we are about to see a new standard being set for how any ecosystem should operate and how the force and alignment of the builders inside the ecosystem can create a halo effect.
e/acc
the progress so far is quite satisfying. there's a wave of protocols steering the ship towards the ecosystem. no big protocols yet, but I feel that's the bit weird, but if we're looking into mythology, Elysium is the place of absolute peace, free from the struggles of the normal world.
besides the struggles of HyperEVM that the Kinetiq team fixes with the launch of Elysium, there's another important aspect that I think will make sense in the grand scheme of things.
any chain that launches goes through these phases of cannibalization and economic parasitism. all the protocols launching in that specific ecosystem have a single motivation: compete for users and liquidity, rise to the top and create the most value for your token.
there's nothing wrong with this per se, but it is why PvE turns into PvP so quickly, as the resources on any chain will eventually become finite. let's not even touch on the vast number of L2s which give crumbs back to the actual L1 as they achieve structural decoupling.
Elysium seems to be designed around the exact opposite idea.
instead of creating another sovereign economy that slowly decouples from the layer underneath it, its success is still structurally tied to the success of Hyperliquid.
$HYPE remains the native gas asset. applications on Elysium are meant to interact with HyperCore liquidity rather than recreate it somewhere else. more activity on Elysium can therefore translate into more market making, arbitrage, hedging and ultimately more volume flowing through HyperCore.
the L2 doesn't need Hyperliquid to lose for Elysium to win.
quite the opposite.
if Elysium becomes a better execution environment for applications that simply cannot operate efficiently on HyperEVM today, it expands the surface area of what can be built around Hyperliquid while keeping the economic gravity centred around the same ecosystem.
and this simple reflexivity is also reaching other builders, the ones which are not trying to compete purely in their own interest on Elysium, but actually the ones giving back to the Elysium ecosystem and the Kinetiq community.
it's through protocols like @AscendLaunch, @NestExchange or @MontraXYZ, which have already announced that they will use part of their fees to buy back kinetiq:native tokens and burn them, in a similar process to what the Hyperliquid Foundation is doing.
and imagine if you get 10-20 protocols doing the same, working together to push the chain further. what will this attract in the end?
a stronger community, more activity, more interest from developers, making Elysium a more attractive place to launch your protocol and work together to build something great.
simply put, a high-throughput utopian world.
i strongly believe we are about to see a new standard being set for how any ecosystem should operate and how the force and alignment of the builders inside the ecosystem can create a halo effect.
e/acc
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Enter the Elysium testnet: elysium.kinetiq.xyz/testnet-explor…
Documentation: elysium.kinetiq.xyz/docs/what-is-e…
Blog: kinetiq.xyz/blog/elysium-h…
Documentation: elysium.kinetiq.xyz/docs/what-is-e…
Blog: kinetiq.xyz/blog/elysium-h…
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