Author: Nancy, PANews
The story between Hyperliquid and Wall Street has just been preparing to begin, and the market is already stirring first.
As the first L2 network in the Hyperliquid ecosystem, the mainnet launch of Elysium, built by Kinetiq, is entering its countdown, ecosystem热度 continues to rise, and multiple leading projects have announced their participation.
At the same time, market funds are getting restless. PerpMe data shows that more than 49,000 HYPE have already been locked through Elysium's private mainnet bridge channel, worth over $4.13 million.
PANews will review 29 highly watched projects in the Elysium ecosystem, covering tracks such as DeFi, LaunchPad, NFT, gaming, prediction markets, and tools.
LaunchPad
aka.fun
aka.fun focuses on the MemeFi and internet capital markets narrative, attempting to combine Meme coin issuance with RWA to build a value loop from community attention, on-chain trading to RWA rewards.
The platform is built on Uniswap V4 and uses Hooks to implement programmable market mechanisms, including custom fee flows and liquidity rules. Its core logic is to support liquidity through fees generated by Meme trading, and further use them to acquire RWA, then distribute them to eligible participants according to rules, thereby incentivizing on-chain trading and community activity.
Previously, aka.fun launched on the Arc mainnet, mainly using USDC as the settlement asset, and exploring reward mechanisms combining NFTs and tokens. Currently, the project has expanded to the Elysium testnet, usually using HYPE as the trading pair asset.
BunnyPad
BunnyPad focuses on completing token issuance in a single transaction, requiring no pre-injection of real liquidity, and permanently locking liquidity.
In terms of mechanism, BunnyPad supports users to deploy a token with a fixed supply of 1 billion through a single transaction and automatically create an internal trading pool. 100% of the token supply directly enters the liquidity pool, using a virtual liquidity mechanism with an initial market cap of about $3,000, so creators do not need to inject real liquidity in advance. The platform has no presale and no team reserve allocation, the token contract does not include Owner and minting functions, and all participants buy from the same trading pool at market prices.
In terms of fees, the platform supports HYPE, USDC, and KALOS as trading pairs, and creators can separately set buy and sell transaction taxes at rates from 1% to 4%. 70% of transaction tax revenue goes to creators, and 30% goes to the platform. In addition, creators can designate any X account as the fee recipient, and the other party can claim the corresponding earnings after logging in.
BunnyPad has also launched the Bunny Pass NFT with a total supply of 999, and holders can share platform trading fees and issuance fee revenue after staking, settled in HYPE or USDC.
Signal
Signal's feature is that trading fees can be customized and allocated, and creators can set fee rules and recipients themselves, distributing revenue to holders, long participants, or using it for token burn and other purposes.
Signal mainly runs on HyperEVM and supports assets such as HYPE, tokenized stocks, stablecoins, and commodities as trading pairs. The platform trading fee rate is usually about 1%, of which about 70% of the fees are allocated by the creator, which can be used to distribute pair assets to token holders, establish 1x long positions in the Hyperliquid perpetual market, or repurchase and burn tokens, with the remaining about 30% owned by the protocol.
In terms of issuance mechanism, Signal mainly uses Uniswap V4 liquidity pools, liquidity is locked, and creators do not need to pay additional issuance fees, only bearing Gas costs. In addition, the platform also provides features such as real-time trading Tape, social Signals for publishing trading views through wallet signatures, and Helix supporting cross-chain asset purchases. Its native token is $SIGNAL, and it adopts a fee回流 mechanism to distribute HYPE tokens to holders.
Oxley
Oxley mainly achieves fairer price discovery through an auction mechanism and provides new assets with a path from Elysium launch to eventually entering the HyperCore order book market.
Unlike traditional fixed-price or Bonding Curve issuance models, Oxley adopts an auction mechanism based on Uniswap CCA, allowing participants to set their own investment budget and acceptable maximum token price, and complete price discovery and settlement according to market demand. The auction needs to reach a minimum funding threshold; if not reached, participants will be refunded; after a successful auction, the project will enter the subsequent trading stage, and part of the funds will be used to support the liquidity curve.
In addition to auction functionality, Oxley also supports regular token trading, dynamic bidding, and Pro Mode professional trading tools, providing limit orders, take-profit and stop-loss functions.
PerpMe
PerpMe focuses on one-click launch and permanent liquidity locking, aiming to provide a more direct launch and trading experience by simplifying the issuance process and optimizing fee distribution.
The project supports users to complete token issuance through a single transaction, with a fixed supply of 1 billion, all directly injected into the Uniswap V3 liquidity pool, without the need for Bonding Curve and subsequent graduation migration. LP positions will be sent to a lock-up contract without withdrawal functionality, and liquidity will be permanently locked. Users can choose HYPE, USDC, or KALOS as the pair asset, and do not need to pay additional issuance fees, only bearing Gas costs.
In terms of fee mechanism, launchers can choose a pool fee of 1% or 2%, of which creators can receive 80% of the fees on the quote asset side, and this ratio is determined at issuance and cannot be modified afterward; token-side fees are used for burning, with the remaining 20% going to the platform. The platform also has an anti-sniping mechanism, limiting a single wallet's holdings to within 2% during the first 366 blocks (about 6 minutes) after launch.
In addition, PerpMe supports AI Agents to autonomously launch tokens and provides a CTO (community takeover) mechanism, allowing the community to apply to take over the creator's fee share after the creator exits, and also provides supporting features such as Elysium cross-chain bridging.
Ascend
Ascend is regarded as an official partner and positioned as the issuance and growth infrastructure for next-generation projects, focusing on full lifecycle support from token issuance to subsequent ecosystem development. Testnet participation requires a whitelist.
Ascend currently does not issue its own protocol token. The platform will distribute up to approximately 50% of transaction fees to project creators, and help projects continue to grow through buybacks, liquidity support, and ecosystem exposure. The platform adopts a standard transaction fee of approximately 1%, with net protocol revenue roughly split 50:50, used respectively to purchase HYPE and KNTQ, serving purposes such as protocol staking and ecosystem incentives, token burning, and liquidity building. In addition, users can stake HYPE through kHYPE to receive ecosystem token airdrops and additional HYPE rewards.
In addition, Ascend will also launch the Builder Incubator, planning to provide selected teams with up to approximately $250,000 in funding support, and share part of platform revenue with high-quality projects through the Strategic Partner Program.
eleos
eleos is positioned as a platform integrating token issuance and trading, aiming to strengthen protection for token holders through multiple issuance modes, permanently locked liquidity, and on-chain fee distribution mechanisms.
eleos offers four issuance modes: Classic, Taxed, Stocks, and Vows, respectively supporting fixed-tax-rate launches, customizable tax fee distribution, stock-like asset paired issuance, and up to 8 immutable on-chain rules. Featured mechanisms include: holders automatically receive tax dividends paid in HYPE without manual claiming; creators can only lower the tax rate or transfer revenue shares to holders, buybacks, and liquidity, and cannot raise the tax rate or reclaim already distributed shares; all liquidity is permanently locked, and every tax fee distribution can be queried through on-chain records. In addition, eleos supports free launches and provides features such as maximum wallet holding limits and anti-snipe protection.
Neuriio
Neuriio aims to transform social influence into tradable assets, creating a social exposure market.
The project adopts an X authorization login mechanism, where only the account owner themselves can issue the corresponding token, and each X account can issue only one token in its lifetime, with the token name and ticker consistent with the account handle. Each token has a total supply of 1 billion, with no reserved allocation for creators, who must purchase through the Bonding Curve like ordinary users. After users complete authorization, select an account category, and fill in a bio, they can launch a token, with trading supported in HYPE or USDC. After the token sells out, it will automatically migrate to a Uniswap V2-style liquidity pool, with LP tokens sent to a black hole address for permanent locking. In addition, the platform also supports the FTF (Friends That Are Family) feature, allowing up to 4 people to jointly issue a token.
In terms of the economic model, Neuriio's transaction fee is 1%, of which 10% is distributed to creators, 40% of pool fees are shared by token stakers, and another portion of fees is distributed to Neuriio platform token stakers and used for ecosystem building such as KNTQ buybacks. The platform token Neuriio has no pre-mine or team allocation, and is mainly minted by staking graduated tokens, with a supply cap and decay mechanism.
DEX
Uniswap
As a leading DEX project, Uniswap has confirmed that it will support Elysium, providing token swaps and liquidity pool functionality for the ecosystem. Currently, V2 router and V4 deployment work are also underway.
KyberSwap
Veteran DEX aggregator KyberSwap has announced its integration with the Elysium network, aggregating liquidity from various DEXs and LaunchPads within the ecosystem to provide users with better trading prices and execution paths.
Aero
Aero is a new-generation multi-chain DEX created by the merger of Aerodrome and Velodrome, bringing the Slipstream V3 concentrated liquidity engine and dynamic fee mechanism into the Elysium ecosystem to enhance trading efficiency and liquidity management capabilities within the ecosystem.
ArcherSwap
ArcherSwap is a DEX that expanded from Core DAO to Elysium, supporting token swaps, liquidity provision, Farms, and staking, and collaborating with the LaunchPad project MemeKo.
In terms of the fee distribution mechanism, ArcherSwap adopts a 0.2% swap fee rate, of which 50% is distributed to liquidity providers, 12.5% is used for buyback and burn of the ARW token, 12.5% is used for buyback and injection into the xARW pool, and the remaining 25% is returned to the Meme coin community through Farms and liquidity pools. In addition, the platform has also designed a revenue-sharing mechanism, where users can participate in staking through trading, providing liquidity, and other ecosystem interactions to earn HYPE rewards.
In addition, ArcherSwap plans to conduct a token IDO, with a whitelist round price of approximately $0.045 and a public round price of approximately $0.05, and will carry out airdrops and whitelist activities for the Core DAO community and early users.
Dex Da Costa
Dex Da Costa is a DEX developed with the assistance of AI tools, supporting swaps between testnet tokens and HYPE, USDC, as well as liquidity addition and management. The platform adopts a Uniswap V2-like AMM model, providing basic functions such as token swaps, slippage settings, and liquidity management.
Kalos
Kalos is one of the comprehensive trading platforms in the Elysium ecosystem, integrating NFT Marketplace, DEX, LaunchPad, and Social functions, supporting NFT minting and trading, token swaps, liquidity provision, and new asset issuance, while also featuring points rewards and Fate interactive gameplay.
In terms of tokens, Kalos plans to issue its native token KALOS after a short points season following the mainnet launch, with mainnet points determining the token allocation amount. According to the team's plan, approximately 90% of protocol revenue will be returned to holders through distribution and buybacks, with another 10% used for protocol operations, and Elysium sequencer fees are also planned to flow entirely to KALOS holders. In addition, Kalos also plans to launch Genesis NFTs, whose holders can receive daily points and rewards, and have the opportunity to redeem tokens.
NFT
AtlasHL
AtlasHL is built on OpenSea's open-source Seaport and SeaDrop contracts, covering the HyperEVM and Elysium networks, providing NFT buying and selling, bidding, minting, and cross-chain bridging functions.
Its core NFT series Atlassians has a total supply of approximately 500, which has already sold out on HyperEVM. Holding 1 Atlassians grants access to the AtlasHL LaunchPad whitelist, while holding 10 or a specific 1/1 NFT allows users to enjoy zero trading fees on the marketplace. The series is also planned to become one of the first NFT collections bridged from HyperEVM to Elysium.
slymz
slymz has issued a total of 1,527 unique hand-drawn slime characters, themed around "a group of slimes in the Sector Elysium dungeon," with each character having a unique personality.
Currently, slymz has completed minting on the Elysium testnet and will open free Mint at mainnet launch. The top 50 testnet holders will receive GTD (guaranteed allocation) eligibility after the mainnet launch.
Elyziuma
Elyziuma is designed around five different character themes: Sentinel, Executive, Overclock, Analyst, and Prism, with a fixed total supply of 2,222. At the same time, the project has also launched the token ELYZ, with a total supply of approximately 34.33 million, and NFT holders can claim 10,000 tokens each for free in a one-time claim.
According to the project plan, Elyziuma will conduct minting in three phases after the Elysium mainnet launch: GTD, whitelist, and public sale. Among them, the GTD phase is prioritized for testnet NFT holders, while the whitelist phase requires holding a certain amount of ELYZ, with the current threshold at approximately 2,001 tokens.
TORPOR
TORPOR is an NFT collection series composed of 4,444 unique hand-drawn frogs, featuring a dark-toned, quiet art style, with each frog possessing different combinations of attributes such as background, clothing, expression, head, and glasses.
TORPOR plans to open minting on the day of the Elysium mainnet launch, with Gas fees paid in HYPE. The project has currently opened whitelist applications; users need to connect their X account, complete designated tasks, and submit their wallet address. Application results are manually reviewed by the team rather than allocated on a first-come, first-served basis. In addition, TORPOR recently launched a Rank Auction, auctioning the three rarest NFTs in the series.
Prediction Markets
ElyAnt
ElyAnt mainly consists of 1,111 ant-themed NFTs and a prediction market. Users can create or participate in predictions on events such as cryptocurrency prices, NFT floor prices, and sports events. The market adopts a pari-mutuel mechanism with a fee of approximately 1%.
In terms of participation mechanics, holders must stake ElyAnt NFTs to obtain prediction market creation permissions, while regular users can participate in predictions on existing markets. 60% of the platform fees will be distributed to NFT stakers.
Hyperflip
Hyperflip is based on Hyperliquid's HIP-4 outcome contracts, allowing users to combine multiple prediction markets into parlay bets, seeking higher potential returns through multiplied odds.
Users can select 2 to 10 HIP-4 markets and corresponding outcomes to form a betting combination. Each additional betting option multiplies the combined odds, but all options must all hit for a payout to be received; if any single option loses, the entire bet fails. The platform adopts an EIP-712 signed quote mechanism; after users mint betting vouchers on-chain, the quotes and related terms are locked.
In terms of fund security, Hyperflip manages betting funds through collateral vaults deployed on Elysium, locking principal and maximum payout amounts at the time of minting. All market outcomes are determined by HIP-4 contracts on HyperCore, and Hyperflip itself does not operate an independent oracle. The project currently focuses on sports prediction markets such as NFL and soccer, with plans to expand to more HIP-4 market categories in the future.
Speculate
Speculate focuses on prediction markets and Gacha (gacha/pack-opening) gameplay, aiming to lower the barrier for regular users to participate in on-chain trading.
In terms of prediction markets, Speculate primarily integrates with Hyperliquid's HIP-4 outcome markets, covering areas such as sports events and cryptocurrency price movements, allowing users to directly participate in trading on various events through the app. In addition, the platform introduces TCG card pack-opening Gacha gameplay to further enrich the product experience, and supports deposits through multiple chains including Hyperliquid and Arbitrum.
Games
Frog Flip
Frog Flip is a frog-themed on-chain gaming platform that emphasizes provably fair mechanics, currently offering two game modes: Flip (coin toss) and Splash (Crash-style).
Among them, Flip allows players to choose heads or tails to bet, with results revealed in about 3 seconds. After deducting a 2% fee, the net odds are approximately 1.96x, with a maximum bet of 1 HYPE per round; Splash adopts a multiplier escalation mechanism, where players must actively cash out before the game ends. The later the cash-out, the higher the potential return, but the risk also increases accordingly.
The main feature of Frog Flip is the use of a Commit-Reveal mechanism to ensure game fairness. Before the game starts, the house first publishes the hash commitment of a secret random number, while the player generates a random number locally and submits the corresponding hash. After the bet is confirmed, both parties reveal their secrets, and the final result is jointly determined by both parties' random numbers. If the house fails to complete the reveal within 6 hours, the player wins directly. The entire process can be tracked on-chain, and players can also verify the game results themselves.
Eloscape
Eloscape is an on-chain mining game that allows players to participate in mining and earn rewards by deploying assets, supporting the Robinhood Chain, HyperEVM, and Elysium networks.
The game centers on a 5×5 grid, with each round lasting approximately 60 seconds. Players can deploy assets such as HYPE to different blocks. After the round ends, the protocol generates a verifiable random result through a public random beacon, selects the winning block, and participants share the asset rewards deployed in that round proportionally while also mining ELO tokens.
Clash for Elysium
Clash for Elysium is an on-chain battle royale game, with each match lasting approximately 2 minutes. Players can choose different classes such as Paladin, Guardian, Berserker, Ranger, and Mage to enter the arena, engaging in combat through actions such as attacking, defending, charging, and casting skills, with the last survivor winning. The game supports both manual strategic control and auto-battle modes.
Unlike traditional blockchain games, Clash for Elysium records every combat action as an Elysium on-chain transaction, and the battle process and results can be verified and settled on-chain. Players can also accumulate experience points (XP) through battles to level up and write their names into the game chronicle. In the future, the game also plans to introduce AI Agents, allowing AI agents to participate in battles on behalf of players.
Elysium HuntX
Elysium HuntX is an on-chain card game themed around cyberpunk "cyber bounty hunters," and is currently live on the Elysium testnet.
Players can mint ERC-721 hunter cards, earn experience points through tasks such as daily check-ins, on-chain transactions, and social interactions, and use the Card Forge feature to upgrade cards, competing on leaderboards and sharing in the HYPE reward pool. The game features four tiers: Scavenger, Mercenary, Vanguard, and Apex Hunter. The higher the card level, the higher the base combat power and experience bonus, and the greater the corresponding reward entitlements. Card upgrades introduce an on-chain random number mechanism, and upgrade failures will not cause cards to be downgraded or destroyed.
In terms of reward mechanics, Elysium HuntX has set up a four-tier HYPE reward pool and adopts a level-gated claiming mechanism, where each card can only claim rewards once per tier, and players must continuously upgrade their cards to unlock subsequent rewards. In addition, the project has also launched the EHUNT token for in-game interactions, trading, and liquidity, and supports exchange between HYPE and EHUNT.
Tools/Infrastructure
Fomo
Fomo is one of the important traffic gateways for the Meme ecosystem, focusing on social discovery and one-click trading experience. The platform has become Elysium's exclusive trading partner and plans to open trading support for Elysium ecosystem assets on the first day of the mainnet launch.
Plumbline
Plumbline primarily provides market maker monitoring, verification, and scoring services, aiming to inspect market making behavior through on-chain probes (Probes) and provide infrastructure-level data analysis tools for the ecosystem.
Elysium Names
Elysium Names is a domain name service on Elysium, similar to Ethereum ENS, allowing users to register on-chain domains ending in .ely and bind them to wallet addresses to simplify asset sending and receiving and on-chain identity recognition. Currently, Elysium Names has launched on the testnet, with cumulative registered names exceeding 6,700.
In terms of functionality, Elysium Names supports name registration, address resolution, primary name setting, and text records. Each .ely name is issued as an ERC-721 NFT, which can be transferred or traded on the secondary market, with a 3% royalty charged on resale. Users can also get a 5% discount by registering through a referral link, while the referrer receives a 5% share.
Enso
Enso is a cross-chain DeFi routing and execution infrastructure, with core products including a routing engine and Shortcuts. Through a single API or contract integration, developers can access more than 250 DeFi protocols without integrating and maintaining each one individually. Its routing engine can automatically find cross-protocol and cross-chain Swap and DeFi execution paths, while Shortcuts can package multiple on-chain operations such as bridging, swapping, and depositing into vaults, enabling complex strategies to be completed in a single call.
