Kinetiq builds Arbitrum L2 Elysium on HyperEVM

Kinetiq said it has built Elysium, an Arbitrum layer-two network that uses HyperEVM as its settlement layer. Kinetiq said Elysium is the first dedicated Arbitrum L2 to settle on HyperEVM and was designed to support the expansion of Hyperliquid’s DeFi and perpetual futures ecosystem. The network aims to provide applications and traders with improved trade execution conditions and performance.