Kinetiq Opens Elysium Testnet for Hyperliquid-Focused DeFi Apps

Crypto Insight Summary: The liquid staking protocol published a chain ID, an RPC endpoint and an explorer for its Arbitrum Orbit network, a month after saying HyperEVM's throughput leaves little room for sustained high-frequency activity. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Testnet launch has limited immediate market impact, though it shows progress in DeFi development.