Kinetiq just launched Elysium, the first L2 on Hyperliquid. Building an L2 for an ultra-fast, zero-fee chain makes no sense, does it? L2s usually solve latency, throughput, or high gas. Hyperliquid already delivers microsecond finality and near-zero fees for its native exchange. A standard rollup adds zero value here. Hyperliquid validators run two concurrent execution environments: HyperCore (custom HFT engine) and HyperEVM (general-purpose smart contracts). If HyperEVM activity surges, simply raising block gas limits degrades node compute capacity. Heavy EVM workloads risk introducing latency spikes into HyperCore's matching engine. Elysium offloads that pressure. HyperEVM isn't congested today. Elysium isn't solving an active bottleneck. It's an early land-grab anticipating future EVM compute overflow. An L2 designed not to scale users, but to protect the order book's latency.