Pump.fun and Fomo Sign On for Elysium's Day One
Two popular retail trading apps will support Kinetiq's new Hyperliquid chain when it launches November 9.
Memecoin launchpad Pump.fun and trading app fomo will both let users trade on Elysium, the faster Hyperliquid-aligned chain built by liquid staking protocol Kinetiq, from its November 9 mainnet launch, giving the new network two retail on-ramps at the start.
What's the Scoop?
The Apps: Pump.fun posted that trading on Elysium "starts November 9" in its app while fomo said the same. Elysium also called fomo its "exclusive trading partner," without explaining what that exclusivity covers.
The Lineup: Token-swap services are lining up too: Uniswap is coming, apps plugged into 0x's swap service will get Elysium trades "from Day 1," and KyberSwap says it's "ready." Today, Elysium also announced it will support Derive V3, bringing options trading to the network.
Zooming Out: Elysium settles to HyperEVM, Hyperliquid's smart contract layer, and uses HYPE for fees, with direct links to Hyperliquid's order books coming about four weeks after launch. Half of Elysium's sequencer revenue will fund KNTQ buybacks and burns, while the remaining half is split between builder incentives and Kinetiq's treasury. Kinetiq's KNTQ token hit an all-time high near $0.49 on October 28, up about 27% in a week, per CoinGecko.
David Christopher
David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
