Elysium could become Hyperliquid’s next growth engine. Hyperliquid dominates perp trading, but high gas costs and limited throughput have held back token launches and spot activity on HyperEVM. Kinetiq’s Elysium is designed for faster execution and direct connectivity to HyperCore. A token can launch and build liquidity on Elysium before pursuing a HyperCore spot market and HIP-3 perp. Lower execution costs could make it easier for prop AMMs to support early trading. Once a liquid perp exists, they can hedge their spot exposure on Hyperliquid. If projects launch there and their tokens keep trading, more of that activity could reach Hypercore. That’s the growth case Elysium has to prove.