Kinetiq: Elysium mainnet launch brings its Hyperliquid L2 live - By 20 Oct 2026

Elysium, Kinetiq's value-accretive layer 2 for Hyperliquid, launches its mainnet following a four-week public test run that began with the 22 September testnet. The launch moves the L2 from testing into production, with half of all sequencer revenue programmatically buying and burning KNTQ.The buy-and-burn mechanism ties sequencer fees directly to KNTQ scarcity, adding a structural demand channel on top of Kinetiq's existing Hyperliquid revenue base. Adoption outcomes remain to be proven after launch, so the burn rate will depend on real transaction activity on the L2 rather than on the launch itself.