我个人觉得，kntq 的价格行为本身是 sm 喊单+预期的产物。预期兑现期就是一部分钱获利止盈点时间段。 之前的公链生态和生态应用的一致性在于，应用为公链创造活动，公链赚取 gas 费用或者排序器收入。不过问题在于，大部分 layer2 的排序器收入都收归团队，并不会反馈给 layer2 代币持有者。而公链都在向高性能低费用转型，大量的活动无法为其产出足够的收入。这时候就会出现一个很大的缺口，即生态应用无法为代币持有者创造经济层面的价值，最多只是带来部分的注意力。而 elysium 不一样的一点在于其生态应用 @AscendLaunch 不发行代币，并选择使用费用回购 kntq，达成了与 elysium 真正意义上的一致性，这是一个我非常 bullish 的点。 所以我觉得 kinetiq:native 真正的大机会其实是在主网后，如果 ascend 能够占据50%+的 launchpad 份额，那就会有源源不断的费用回购 kntq，为其创造机械性买盘。因此，这是一个非常值得去关注的一个数据。

Glad to be working alongside @FugakuX and @kalosfun and have them as the first project in our $250,000 Builder Incubator. We want to make sure builders have the proper resources, working alongside teams more hands-on, advising on token strategy, tokenomics, GTM, MM assistance, etc. If you're building a project, we'd love to chat about how we can help you at @AscendLaunch :) Feel free to shoot me a DM, and fill out the builder incubator form! Fill out the form: forms.gle/WaMxDAimH2RkdxrX8

Welcome @kalosfun to @AscendLaunch

Welcome @kalosfun to the $250,000 Ascend Incubator Program. Kalos is Ascending to Elysium.

Kalos has been selected as the first project for the @AscendLaunch Builder Incubator. Working directly alongside the Ascend team, we’re accelerating our mission to power the next generation of onchain markets on @Enter_Elysium. Ascend to Elysium.

Okay the kinetiq:native bull case is getting kinda hilarious at this point The reflexivity of the @AscendLaunch flywheel is hard to overstate. By directing so much value accrual at $KNTQ, they stoke the very same wealth effect that the $SOL ecosystem had when there used to be real runners during the $9>$200 $SOL runup. The most egalitarian thing I've ever seen. It's insanely ambitious, and if it works, it can reshape the fabric of the trenches.

To everyone in crypto, It's time to stop accepting extraction as the norm. Cycle after cycle, we've watched the same mistakes repeat. The same short-term thinking. The same value extraction. At @AscendLaunch, we're here to raise the standard for this entire industry. We believe the value created onchain should flow back to the people and ecosystems responsible for creating it. It's time to break the cycle. It's time to build something that lasts. It's time to push this industry forward. We will make onchain great again. That's a promise.

The wealth effect of kinetiq:native is about to begin, sparking an onchain movement similar to when Solana generated a wealth effect and started a multi-year onchain bull run. Some of the best times of trenching were during the Solana wealth effect era. When it had ran from $8 to $290 over 2 years, onchain flourished incredibly well and many traders were able to achieve generational wealth. We are seeing the same exact setup on kinetiq:native, and have built @AscendLaunch the most participant-aligned launchpad, built on Elysium, the value-accretive L2. For the first time, an L2 and its leading launchpad are aligned around growing ecosystem value rather than extracting it. We have positioned the premier launchpad as value-accretive to the entire Elysium ecosystem, from the foundation ($HYPE) to the Layer 2 (kinetiq:native) and finally to participants on our launchpad (traders, stakers, and builders). Rather than develop a launchpad token, we have chosen to adopt kinetiq:native as our protocol token, and have made major improvements to our tokenomics upping our KNTQ buybacks to 80% of protocol fees going into buying KNTQ, burning it, and deploying it strategically. This, paired with 50% of Elysium sequencer fees going to buying back and burning kinetiq:native makes the setup extremely asymmetrical. We believe that if kinetiq:native does well, so will onchain, which will mean that Ascend does well making our participants have an even stronger flywheel. KNTQ does well -> Elysium does well -> Ascend does well -> Traders, builders, stakers do well -> KNTQ does well. This is the flywheel and wealth effect we expect to see with kinetiq:native. The problem: Traditional launchpads extract liquidity through competing protocol tokens, fees that leave the ecosystem, and little sustained demand for launched tokens. Our solution: No protocol token. Instead, Ascend has adopted kinetiq:native as our protocol token. 90% of Ascend protocol fees buy back KNTQ (80%) and HYPE (20%). The remaining 10% is the team treasury. Staking: Users stake HYPE via kHYPE on Ascend, directing yield toward ecosystem token buybacks while earning four reward streams: HYPE, ecosystem tokens, KNTQ, and boosted DEX referral fees. 20% HYPE allocation: - 50% Staker rewards - 50% Protocol-owned staked HYPE on Ascend 80% KNTQ allocation: - 40% Burnt - 60% deployed strategically across ecosystem token buybacks, Ascend points program, protocol-owned KNTQ LP across Ascend token pools + kHYPE - Traders: No competing protocol token extracting liquidity from their positions. Ecosystem buybacks from protocol fees + staking yield. - Tokens: Recurring buybacks funded by protocol fees and staker yield. Supported LP depth from Ascend treasury. - Builders: No launchpad token competing for liquidity, grants, launches with dedicated buyback support through Ascended listings, and a growth path to HyperCore spot and HIP-3 perps facilitated by Kinetiq's HIP-3 Perps DEX, as well as rev share from Ascend via our Strategic Partnerships. - Stakers: Multiple reward streams while supporting ecosystem growth. Unlocking new capital: Rather than recycling the same liquidity across Solana, Base, and Robinhood, Ascend gives HYPE holders a way to deploy sidelined capital into new ecosystem launches. The Elysium advantage: While other L2s retain sequencer revenue, Elysium directs 50% toward KNTQ buybacks and 25% toward builders. Ascend commits 100% of its sequencer-fee allocation to grants for builders launching on Ascend, creating a powerful incentive to build on Elysium instead of competing ecosystems such as Base & Robinhood. The scale: At $5M/month in Elysium sequencer fees, a 10% allocation to Ascend would generate $500K/month in builder incentives, funding grants, HyperCore spot listings, AMM liquidity, etc. For reference, Robinhood generated $14M in sequencer fees in a 30-day period, while Base generated approximately $75m in a 1 year period. Further, the buyback effect of a top launchpad on HYPE, KNTQ, and ecosystem tokens are significant. In September, the 30d total of fees generated across top launchpads: PUMP ($165M), PONS ($132M), Flap ($41M), Stonkfun ($27M). At scale, Ascend would contribute mid 6-figures to low 7-figures of daily buybacks to HYPE & KNTQ. The vision: Make Ascend the obvious place to build, trade, and stake. Stakers are the backbone of Ascend, and will receive many benefits of the protocol's success with many rev shares in place. Builders are attracted by grants, sustained buyback support, a clear path to HyperCore spot and HIP-3 Perps through Kinetiq, and eventually becoming an Ascend Strategic Partner. Traders are attracted by PVE tokenomics where protocol activity strengthens the ecosystem instead of extracting from it. Together, these create a flywheel: better incentives attract better builders, better launches attract more traders, and more activity drives even greater buyback support and ecosystem growth.

Buybacks of kinetiq:native have Ascended to 80% from 50%. November 9th. Ascend to Elysium.

all eyes on @AscendLaunch for elysium launch

Ascend accelerating Elysium accelerating Hyperliquid

Ascend accelerating Elysium accelerating Hyperliquid

Ascend will cook

Truly one of the best times to build on Hyperliquid and @Enter_Elysium. Too often, a launchpad’s relationship with its builders ends when the token launches. With Ascend, that’s just the beginning. We’re supporting the journey from launch to Ascended status, working toward HyperCore and HIP-3, and potentially becoming an Ascend Strategic Partner. Alongside HYPE & KNTQ buybacks, we’re supporting projects through buybacks of tokens launched on Ascend. Select Strategic Partners can also earn a share of Ascend’s total revenue, giving them a source of funding beyond their own token. Together with @Kinetiq_xyz, we’re building a new model where protocols reinvest in their ecosystems and builders share in the success they help create.

RT @Notnanoturner: Incredibly bullish news for the Hyperliquid ecosystem today. Never thought id see both @fomo and @Pumpfun bullpost Elys…

Ascend will be on @fomo from day 1. Let's win.

Ascend will be integrated Day 1 on @fomo. Ascend to Elysium.

Strap in and consider this my official update on the kinetiq:native thesis, specifically regarding @Enter_Elysium. Best way to do this is to refute some arguments I've seen: 1. "L2's are parasitic" It's very lazy to compare Elysium to other L2s from the past. Robinhood Chain has generated a little over $50m in fees, of which $5m went to Arbitrum, and a whopping...$70k went to $ETH blob fees. HyperEVM hyperliquid:native fees are burnt, whereas sequencer fees on Elysium go to kinetiq:native buys and builders (more on this later), but HyperEVM fees only account less than 1% of Hyperliquid total revenue. Papertrade is actually much more directly parasitic to hyperliquid:native; HyperEVM fees are peanuts even if Elysium vamped them entirely. An under appreciated dynamic that a lot of people don't know is that HyperEVM USDC applies to AQAv2 hyperliquid:native revenue too, and USDC on Elysium will as well. Assuming the HyperEVM burns around $25k of hyperliquid:native a day, every additional $1b USDC that Elysium onboards in TVL would burn 4x that same amount due to AQAv2. For reference, Solana has ~$7.5bn USDC and Base has $5b. Robinhood chain is predominantly USDG, which they monetize on, and ETH obviously gets nothing from. Imagine if Base contributed to $175m (3.5% of $5b) of value accrual to $ETH via their USDC TVL...maybe my $5k/7k $ETH calls would actually hit then 🙃 Beyond this, the entire selling point of Elysium is that it sits adjacent to HyperCore. propAMM's are functionally impossible on HyperEVM now due to the 1s block time (amongst other reasons). Additionally, on the HyperEVM, you can only read Hypercore price, not order book depth. As a result, Solana does 25-50x the spot trading volume that Hypercore/HyperEVM handle. If Elysium can eat even a moderate chunk of on chain spot volume from Solana, especially in tokenized RWAs, the implications for corresponding hedging flows to Hyperliquid are enormous. Elysium explicity enables net new flow and TVL to Hyperliquid, both of which are very accretive to hyperliquid:native itself. I would not be surprised if Elysium directly contributes an additional low 9 figure ARR for hyperliquid:native in 2027. 2. "L2's are bad investments and down only tokens" As stated above, $ARB made about $5m so far from Robinhood Chain. Of that amount, a whopping...zero dollars made it to tokenholders. No buybacks, no burns, nothing. 50% of Elysium sequencer fees are directed at kinetiq:native buybacks. Even if you assume that Elysium only generates half the current sequencer fees of the current ghost town that is the HyperEVM, that'd still more than double their current revenue. Currently, kinetiq:native buybacks as a % of market cap are about 1.5%, compared to 4-5% for hyperliquid:native. If Elysium generates only half of the sequencer fees of the current HyperEVM ($5m/yr), they'd be retiring token off the market at the same rate that hyperliquid:native does relative to market cap. If Elysium can do closer to 50-75% of Base annualized sequencer fees ($30m), they'd be doing kinetiq:native buybacks at double the rate of hyperliquid:native as a % of market cap. This is completely negating a likely increase in kHYPE TVL and other revenue streams (which there are numerous), like from launchpads like @AscendLaunch. Ascend actually deserves their own section because they've commited to doing 30% of gross revenue as kinetiq:native buy/burns (50% to buys, 60% of that to burn). $PONS has generated $200m revenue in the last 2 months, but is currently only annualizing about $125m revenue, so we'll use a very conservative ~10% of the more conservative number. That'd add another $4m of kinetiq:native buybacks, which brings buyback yield/mcap well into the double digit %, over double hyperliquid:native. 3. "Why would there be activity on Elysium if there wasn't on the HyperEVM?" Probably because the HyperEVM operates at the speed of smoke signals and has 0 support from Hyperliquid. You have @Uniswap, @fomo, @Pumpfun etc all announcing integrations and deployments on Elysium day 1 after ignoring the HyperEVM all this time. @0xOmnia and the @Kinetiq_xyz team is putting on a master class in distribution, and you're seeing it play out this week. Jeff and company are focusing on building the best perps platform in the world, and that's great, but this hands off approach has come at the expense of any support or curation of an on chain ecosystem. That's left a massive gap that other chains have filled, but Elysium can bring all that activity back into the "house of all finance". Having a team that's fully dedicated to making this a reality will look nothing like the lack of attention the HyperEVM received. 4. "It'll be a flash in the pan memecoin chain and die out just like RHC activity has" This is more speculative and it's hard to say. Elysium could have an epic and unsustainable PvElysium memecoin season by inheriting some of the wealth effect from both hyperliquid:native and kinetiq:native. Obviously this would absolutely moon kinetiq:native from sequencer fees/Ascend revenue, but that's shortlived. Lively trenches aren't mutually exclusive with a real and innovative DeFi ecosystem though. As I mentioned before, Elysium will be uniquely able to plug in with, leverage, and read Hyperliquid orderbooks and liquidity. DeFi applications that couldn't be built anywhere else are made possible here. A performant general purpose blockchain adjacent to HyperCore is the natural home to propAMM and HFT arbitrage against HIP3, which incentivizes deeply liquid spot RWA markets, which enables much higher LTV lending, which enables unique structured products and DeFi primitives to be built. I do imagine that the trenches are built before more serious innovation comes about, but an important note here is that builders are getting 25% of sequencer fees as well. What builder wouldn't want to deploy on a new ecosystem, adjacent to the most successful app in crypto history, with a built in rev share agreement with the chain itself? Based on my conversations with Ascend and Montra, lots of serious teams want to build, not just memecoin deployers. TLDR: It's not that complicated guys. kinetiq:native is a $120m mcap token that has a very clear path to buyback % yields multiples higher than hyperliquid:native, with an unprecedented ecosystem flywheel. It's both beta to hyperliquid:native and enhances the hyperliquid:native bull case. It might be the most asymmetric bet in crypto right now, and it's not conditional on some long shot thesis, just that there will be a large on chain ecosystem for the most important app in crypto. Maybe it's a flop and a sell the news event on launch...or maybe it's all the best parts of Base/Hood sequencer fees combined with the revenue streams of $PUMP, $CAKE, solana:jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32 etc and heads towards billions of TVL and 9 figure annual revenue. If you pattern match too hard to "L2 bad" or "HyperEVM sucks", it's from a place of being too 🏳️‍🌈🐻-pilled and/or lazy research.

There are other launchpads I have already seen that are going to be on Elysium mainnet, but I’m only focusing on Ascend. I personally know the founders and I have the highest conviction in them and what they and their team are building. /Ascend