Elysium, Kinetiq's chain for Hyperliquid, went live Nov 9, with DefiLlama already showing $45.1M locked in its canonical bridge from HyperEVM, meaning capital moved in before most users could try the apps . Aside from initial congestion the launch went smoothly; the launchpad+DEX project $BOXA spiked quickly, attributed to many 'BONK cabal' members entering, and the author bought some $BOXA, seeing the chain as still very early .
No buys via this post yet- 1.

Enricripto@enriquecripto Elysium, Kinetiq's chain for Hyperliquid, went live Nov 9. DefiLlama already shows $45.1M locked in its canonical bridge from HyperEVM. A day-one balance of that size means capital moved before most users could try the apps. #Hyperliquid #DeFi - 2.

Fatman@FATMAN_crypto 【今日市场热点】 昨晚Elysium开链,除了一开始的卡链,我觉得一切都还算顺利 @blknoiz06 表示会密切关注这个新链,也期待新的机会 https://t.co/cKeaomVtMO 昨晚有一个发射台+DEX的项目在短时间暴涨 $BOXA @Boxa_Elysium 目测原因是大量“BONK cabal”进场,有 @smokey0x @0xstanczyk @Aurelius0121 @RowdyCrypto 等等,小黄人 @theunipcs 也收到了空投,可能需要项目发展顺利小黄人才会正面支持该项目(也算是一个小的催化剂) 虽然我还没有完全了解 @Boxa_Elysium ,但这里面的阵容太强了,侧面也反映了该团队的资质,非常有可能成为Elysium上强势的发射台项目 目前整条链的确有一点像RH当时7月头的感觉,但缺少一个疯狂项目的带领引流,所以目前还是非常早期的 我也买了点 $BOXA ,没有慧根就要会跟 0xa3c1d6a8648df3978a38ce1478fbc284c75d95d7 - 3.

nexa_sama🍀@nexasama Kool Krypto says Elysium will succeed where HyperEVM failed by unlocking high performance blockspace for meme coins and spot RWAs: “With Elysium specifically, it is kind of trying to be what the HyperEVM couldn't be. It's trying to be a general purpose blockchain, it's going to be much, much, much more performant than the HyperEVM was, which is going to enable a lot of cool new use cases.” “The place that the HyperEVM really failed, or just Hyperliquid in general, is that there's been no community, there's been no meme coin trading, there's been no spot RWA. Solana kind of wins on all of those different fronts, and so those are the verticals I think Elysium is really trying to tackle.” “A lot of people don't understand like you can't really do that much interesting stuff with RWAs if you don't have them in spot.” “Obviously perp trading is incredibly popular for them, like when you're like an Abraxas Capital and you have a billion dollars of short perp positions just trying to delta-neutral funding rate arbitrage essentially, you want to have spot positions that offset those.” “By having Elysium be adjacent to HyperCore, it's a huge value add, and it really is kind of like the only place that you can do this effectively.”
