Elysium Mainnet Goes Live, HYPE Moves 1:1 to Become Gas Token
Key Facts
Alchemy announced that Elysium’s mainnet went live on its platform on November 9, 2026, and said HYPE moves between Elysium and HyperEVM at a 1:1 ratio as the native gas token. It added that the move requires neither a wrapped token nor holding a new token. This mechanism puts HYPE at the center of paying network fees, according to Alchemy’s announcement. The company describes Elysium as a layer 2 built by Kinetiq that settles transactions on HyperEVM, an EVM chain within the Hyperliquid ecosystem. The claim that Uniswap v2, v3 and v4 deployments officially launched on Elysium could not be verified in a reliable public source.
Alchemy says Elysium targets a block interval of 100 milliseconds and execution capacity of 300 million gas units per second. These are target performance figures cited in the mainnet announcement, not figures for actual activity or measurements of trading volumes. The company links block speed to market makers’ ability to resubmit quotes with every block. It also cites potential applications including derivatives markets, structured products, spot automated market makers, token launch platforms and lending markets. Alchemy presents these activities as use cases that could benefit from the capacity targeted by the network.
Alchemy says any ERC-20 token on HyperEVM can be moved to Elysium without permission, and tokens launched on Elysium can be moved in the opposite direction to HyperEVM. The announcement thus links HYPE’s role as the gas token with the ability to transfer assets between the two networks. The company also says developers can deploy existing Solidity contracts on Elysium without modification, citing its EVM compatibility. These features, according to the company, provide a path for moving existing tokens and contracts to the network. The announcement did not specify the volume of tokens transferred or the number of contracts deployed in the available facts.
On developer incentives, Alchemy said Kinetiq allocates 25% of Elysium sequencer revenue to developers whose applications contribute to increased demand for blockspace. The arrangement ties the stated share to applications’ contribution to demand for execution space, rather than simply to their deployment on the network. This is part of the company’s presentation of mainnet features, alongside block speed, asset transfers and EVM compatibility. The announcement gave no figures for revenue generated or amounts paid to developers. The 25% figure therefore remains a description of the arrangement Alchemy announced at the network’s launch.
As for Uniswap, Uniswap Labs’ documentation says its products’ support for networks depends on usage, security and the team’s ability to maintain them. Elysium does not appear on the list of networks shown on the referenced support page. The available information therefore does not establish that all three Uniswap versions launched on the network or that HYPE is exclusively used to pay gas fees. It also cannot confirm that Uniswap integration is intended to unify liquidity or attract new projects. Alchemy’s statement on fees is limited to describing HYPE as the native gas token, moving at a 1:1 ratio between HyperEVM and Elysium.