Elysium's mainnet launches tonight—which launch platforms deserve close attention?
- Key Takeaways: Elysium, the first L2 network in the Hyperliquid ecosystem, will launch its mainnet tonight at 9 PM. Built on the Arbitrum Orbit tech stack with HYPE as its native gas token, it is expected to replicate the Meme trading opportunities seen when Robinhood Chain previously launched.
- Key Elements:
- Elysium is built by Kinetiq, targeting a block time of approximately 100 milliseconds and throughput of 300 million gas per second, with state settlement to HyperEVM.
- Sequencer revenue distribution: 25% to application builders, 25% to the Kinetiq treasury, and 50% for KNTQ buyback and burn (current market cap reported at $410 million).
- The official cross-chain bridge was not live before the mainnet launch; the community mostly uses the third-party bridge BOXA, requiring users to first withdraw HYPE via a CEX to HyperEVM before bridging.
- Ascend is currently the most popular launch platform, with first-day trading volume of nearly $6 million, 873 tokens deployed, and e/acc's market cap briefly surpassing $10 million.
- Montra plans to issue a platform token MONTRA and allocate 25% of total supply to five categories of community airdrops; Volta will use 80% of protocol revenue for VOLTA buyback and burn.
- Kleos has no Bonding Curve phase; new tokens are fully deposited into the pool with initial liquidity permanently locked, and it supports limit orders and staking points mechanics.
Original | Odaily (@OdailyChina)
Author | Asher (@Asher_0210)
Tonight at 9 PM, Elysium, the first L2 network in the Hyperliquid ecosystem, will launch its mainnet.Previously, the launch of Robinhood Chain brought a round of Meme market activity. This time, Elysium's launch may present similar opportunities for the "P warriors" still fighting on the front lines.
So what exactly is Elysium? How should you prepare your wallet and bridge funds right now? Which token launch platforms and potential leaders in the ecosystem are worth watching? Below, Odaily will break it all down to help everyone get ready before the mainnet launch.
Elysium: The First L2 Network in the Hyperliquid Ecosystem
Elysium is the first L2 network in the Hyperliquid ecosystem, built by Kinetiq. Kinetiq started with kHYPE, a HYPE liquid staking product, and is now launching Elysium to expand the execution capabilities of the Hyperliquid ecosystem, providing room to run for spot trading, asset issuance, and complex DeFi applications.
Technically, Elysium adopts the Arbitrum Orbit tech stack, with transactions executed on L2 and state settled to HyperEVM. It directly uses HYPE as its native gas token, targeting a block time of approximately 100 milliseconds and a throughput of 300 million gas per second. In addition, Elysium plans to further integrate with HyperCore, enabling smart contracts to read richer order book, balance, and position data and submit orders with low latency, supporting applications such as market making and arbitrage.
Elysium's revenue distribution is also closely tied to the Hyperliquid ecosystem. According to the published plan, 25% of sequencer revenue goes to application builders, 25% enters the Kinetiq treasury, and the remaining 50% is used to buy back and burn KNTQ tokens (according to GMGN data, KNTQ currently has a market cap of $410 million); HYPE serves as the gas asset required for network operation and will gain more use cases as on-chain applications increase.
How to Bridge to the Elysium Network?
Before Elysium's mainnet launch at 9 PM tonight, the official bridge had not yet gone live. However, to position early for Meme coins issued on the Elysium mainnet, the third-party bridge most used by the community is currently BOXA. The current bridging process is as follows:
STEP 1. Buy HYPE on a CEX. Purchase HYPE tokens from major centralized exchanges; Binance has currently resumed withdrawals on the HyperEVM chain.
STEP 2. Withdraw to the HyperEVM chain. After adding the HyperEVM chain, withdraw HYPE tokens from the centralized exchange (be sure to select HyperEVM as the withdrawal network, not Hyperliquid / HyperCore) to your personal Web3 wallet.
- Network name: HyperEVM;
- RPC URL: https://rpc.hyperliquid.xyz/evm;
- Chain ID: 999;
- Currency symbol: HYPE;
- Block explorer: https://hyperevmscan.io/.
STEP 3. Use the BOXA bridge to bridge HYPE to the Elysium network. Go to the BOXA official website (link: https://boxa.club/), select "Bridge" and then click "Deposit", connect your wallet, enter the amount, and sign.
STEP 4. Add the Elysium network (this RPC is provided by BOXA).
- Network name: Elysium;
- RPC URL: https://rpc-live.boxa.club;
- Chain ID: 99901;
- Currency symbol: HYPE.
Four Token Launch Platforms on Elysium Worth Watching
Ascend: No Platform Token, Already Produced Two Meme Coins with Market Caps Above $1 Million
Ascend is currently the hottest token launch platform on Elysium. On its first day, trading volume was nearly $6 million, with 873 tokens deployed. The platform does not issue a separate platform token; instead, it directly uses Kinetiq's governance token KNTQ as its protocol token and uses most protocol fees to buy KNTQ and HYPE (with part used for burning).
In terms of project support, Ascend dynamically adjusts creator revenue shares based on project development and provides full life-cycle support from token issuance to subsequent ecosystem building, preparing projects for future entry into the HyperCore spot market and the HIP-3 perpetual contract market.
Currently, two Meme coins on Ascend are relatively popular: e/acc, whose market cap once exceeded $10 million and currently stands at $7.5 million; and Ascend Accelerationism (A/ACC), with a current market cap of $2 million.
Montra: 25% of Tokens for Airdrops, Two Meme Coins Already Above $1 Million Market Cap
Token launch platform Montra features support for customizable issuance rules, allowing project teams to configure token minting, trading activation, and fee distribution methods. Among these, the fee revenue earned by creators can be distributed to the team, allocated to token holders, or used for token buybacks. In addition, Montra will issue a platform token, MONTRA, and plans to allocate 25% of total supply for community airdrops, divided into five categories of 5% each, covering active ecosystem users, early creators and traders, participants in the platform's top ten tokens, liquidity providers, and content and referral contributors.
Currently, two Meme coins on Ascend are relatively popular: EACCAT, with a current market cap of $3.3 million; and CHAMELEON, with a current market cap of $1.2 million.
Volta: 80% of Protocol Revenue Used to Buy Back and Burn the Platform Token
Token launch platform Volta supports using HYPE, KNTQ, or VOLTA to create pools for new coins. Creators can set trading fees, scheduled launches, and anti-front-running rules, and can also use part of trading fees for holder rewards or project token buybacks. The platform charges 30% of all trading fees, of which 80% is used to buy back and burn the platform token VOLTA, which currently has a market cap of $5 million.
Kleos: New Coins Enter the Pool Directly, With Staking and Points Rewards
Token launch platform Kleos does not have a separate Bonding Curve phase. After a new coin is created, the entire supply directly enters the trading pool, and initial liquidity is permanently locked. Users can participate in buying and selling without waiting for fundraising to complete or for the token to "graduate." In terms of trading functionality, besides standard swaps, the platform also supports limit orders, making it convenient for users to set buy and sell orders at target prices.
On user incentives, Kleos offers holder rewards, staking of the platform token KLEOS, as well as points and community team mechanics, giving users other ways to participate beyond trading. The platform token KLEOS currently has a market cap of $500,000.
