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What's the hype after Hyperliquid's first L2 Elysium mainnet launch? e/acc and VOLTA lead the heat, with on-chain trading volume surpassing $100 million.

Nov 10, 12:42

November 10 - Elysium, the first L2 network in the Hyperliquid ecosystem, has been live on mainnet for 15 hours, with cumulative transactions exceeding 12 million, over 474,000 addresses, peak TPS above 750, on-chain transaction volume surpassing $100 million, approaching HyperEVM levels during the same period, and TVL around $50 million. Since Elysium's mainnet launch, token issuance activities have been quite active, with platforms like Montra and Ascend having issued tens of thousands of tokens, contributing the majority of transaction volume. Among the trending tokens are:

e/acc currently has a market cap of $7 million, previously peaking at $11.5 million, with 24-hour trading volume of $2.1 million; it is an effective accelerationism-themed meme token issued through the Ascend platform;

VOLTA currently has a market cap of $3 million, previously peaking at $7 million, with 24-hour trading volume of $1.8 million; it is the native token of the Volta issuance platform, claiming that most fees are used for buyback and burn.

BLOB currently has a market cap of $1.6 million, previously peaking at $5.4 million, with 24-hour trading volume of $2 million; it is a meme token issued through the ElysPump platform, featuring an impatient-looking blue blob.

AETHER (以太) currently has a market cap of $1 million, with trading volume of $2 million; it is an Ethereum-themed meme token.

EACCAT currently has a market cap of $450,000, previously peaking at $6 million, with 24-hour trading volume of $700,000; it is an e/acc cat-themed meme token issued through the Montra platform.

HYPEPE currently has a market cap of $500,000, previously breaking $1 million, with 24-hour trading volume of $1.7 million; it is a HYPE + Pepe-themed meme token.

reminds users that meme coins mostly lack practical use cases and are subject to high price volatility. Many of the meme tokens listed above have low liquidity and low market caps, so investment requires caution.

Additionally, the minting of 8,888 commemorative NFTs (Enter Elysium) launched in collaboration between Elysium and OpenSea has been fully completed, as a free mint for early ecosystem participants and some OpenSea users. As of now, the floor price of this collection on OpenSea is approximately 0.33 HYPE, with recent transaction prices mostly in the $20–21 range, total trading volume exceeding 1,750 HYPE, and about 5,530 holding addresses. This NFT is currently positioned as a launch commemoration, with no additional utility announced yet.

Elysium adopts HYPE as its native gas, settles to HyperEVM, and plans to launch HyperCore read-write precompiles approximately four weeks after going live, enabling direct composability with the Hyperliquid order book.