Elysium is following a similar path to Robinhood in its early days.
Some thoughts on Elysium, how I'm positioning ahead of mainnet, and plays I'm interested in.
If you were here before Robinhood Chain went live, you know that memecoins helped bootstrap attention and activity.
This gave builders the confidence to set up shop on the chain. We saw how much infra got built in the months that followed.
Something similar could play out here. Only degens have the risk appetite to give a new chain a chance. Degens like memes, so these plays will naturally capture the most attention.
A few memes fit this profile:
- $E/ACC: Elysium Accelerate meme. Bought the ticker on HyperCore, Ascend's main runner. The Ascend team is incentivized to support it so they can compete as a launchpad.
- $BLOB: Official Elysium mascot. Confirmed by the team in an interview ~6 months ago.
- $CHAMELEON: Name of a trading operation built by @chameleon_jeff that led to the creation of Hyperliquid.
It starts with memes, but I expect the chain to evolve into a place for builders.
In a few weeks, Elysium deploys its first major network upgrade, adding deep, native composability with HyperCore. That makes it a high-performance execution layer tightly integrated with Hyperliquid's order books.
Think DeFi primitives, new pathways for tokens (e/acc is an example), and structured products like options venues.
Like any chain, it will have memecoins and degen speculative vehicles because these traders are the foundation of every new ecosystem. Elysium has the potential to house long-term investable products like RHC.
Don't get lost in the sauce.
Be an optimist and stay curious.
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