ChainCatcher report: According to official news from Kinetiq, the first L2 network of the Hyperliquid ecosystem, Elysium testnet, has gone live. Elysium is a general-purpose, high-performance L2 network built specifically for Hyperliquid, settling on HyperEVM and co-located with HyperCore, with HYPE serving as its native gas token. Elysium currently runs Conduit’s G2 sequencer on an architecture compliant with SOC II Type 2 standards.
Hyperliquid's First L2 Network, Elysium Testnet, Launches
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Summary
Hyperliquid has launched the testnet for Elysium, its first L2 network. Elysium is a high-performance, general-purpose L2 built for Hyperliquid, settling on HyperEVM and co-located with HyperCore. It uses HYPE as its native gas token and runs on a SOC II Type 2 compliant architecture with Conduit's G2 sequencer. The network upgrade represents a key milestone in L2 scaling for the project.
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