Alchemisτ aka Lord Earl Gray

Turning onchain chaos into alpha
Protocol deep dives • DeFi narratives

DM for collabs / alpha drops ↓

[Alchemisτ aka Lord Earl Gray @alchemistaster]

@ika_xbt Free mint but increase royalties to 10%

[Alchemisτ aka Lord Earl Gray @alchemistaster]

@hicon_app Bear market things

[Alchemisτ aka Lord Earl Gray @alchemistaster]

Slow cooks while people saying it's over

[Elysium @Enter_Elysium]

$300M in total DEX volume in 48 hours.

e/acc

[Sparsity @sparsitydata]

https://t.co/7OZdP7haXY

[david 🔛⛓️ @davidonchainx]

“Omg ansem changed his pfp? That means the coin has an implied valuation of at least $100m because ansem is the dictator of all crypto truths and he has the golden touch. Wow its so obvious community coins and bag working is back im gonna sell my car and full port this”

[Alchemisτ aka Lord Earl Gray @alchemistaster]

@Elyziumaa When discord?

[Alchemisτ aka Lord Earl Gray @alchemistaster]

@Elyziumaa @Jayvir_09 bro you misspelled eth :D it's hype

[Fto @ftosol]

ansem is getting paid multiples of your salary by @Pumpfun on a monthly basis in an effort to revive his motion

pump’s entire eco was getting fried so the team picked the best narrative and community to twap $400k into and deploy their human billboard ansem

if you actually think he would bag work $mihao if he wasn’t on a payroll, you’re delusional and deserve to get rugged

he’s gonna reply to this with a paragraph about us always complaining but like we wouldn’t complain if you were honest lol

plus its not like we don’t have receipts

let’s not forget about his token, and the fact that users can’t even get their funds off his microwave launchpad

we must do better as an industry.

[Alchemisτ aka Lord Earl Gray @alchemistaster]

@meet_wtf_guy @0xr4yz Why don't you use @kalosfun ?

Cheaper fees + airdrop points

[liquidated.hl @liquidated_hl]

The Case for @Enter_Elysium :
@Kinetiq_xyz has many products and has been building in the HyperEVM space for a while. But HyperEVM is slow. HyperEVM small blocks carry 3 million gas/s and 30 million on the 60-second big blocks. During high traffic, a swap can cost $20, when other venues offer far cheaper execution, and quotes go stale after 1 second, limiting how well AMMs can perform.

Enter Elysium, the accretive, hyper-performant, general-purpose Layer 2 for HyperEVM. Built on the Arbitrum Orbit chain and physically co-located with HyperCore, Elysium boasts 100 ms block times and 300M gas/s. That same trader can swap cheaply and 3x faster, because market makers can refresh quotes 5-10 times per second away from HyperEVM's congestion. Another huge unlock is the ability to read the entire orderbook depth on Elysium.

The figure below shows how Elysium can help bridge the gaps and current problems with HyperEVM. This unlocks liquidity for HyperCore RWAs such as tokenized stocks, plus other HyperCore spot tokens. @hyperlendx is the prime candidate for creating this unlock in the EVM space. @SynapseProtocol , an options protocol, has also integrated into Elysium, unlocking options on those same RWAs/ spot assets on hypercore.

Thanks to @sensahil from @Quicknode for making such a masterpiece! It was truly a privilege to have someone from the industry read my piece. I had a similar idea of what I wanted for a graphic but sahil’s graphic perfectly encapsulated what I envisioned for the visual representation I had in my mind.

Here’s the related article if you wanna check out the full vid

https://t.co/pxzcH8AlMX

[DegenZen @0xZeina]

a token doesn’t magically surge 2000% because of a bag working “community” that just happened to spawn out of thin air in a couple of hours.

this timeline is a literal joke rn.

[Alchemisτ aka Lord Earl Gray @alchemistaster]

The Flippening @slymzcrew

[ray @0xr4yz]

flipping commemorative elysium nft would be our first mission.

[Alchemisτ aka Lord Earl Gray @alchemistaster]

Trade and mint on @kalosfun

[slymz @slymzcrew]

1/1 @SaveTheWhal3s sold for 1.12 $HYPE 🐳🐋

[Alchemisτ aka Lord Earl Gray @alchemistaster]

@slymzcrew @SaveTheWhal3s Fire

[Alchemisτ aka Lord Earl Gray @alchemistaster]

@RiskAssetLens I assume defi/agentic stuff will launch, those are probably metas in bull run

Until then i'm playing on @kalosfun

[Alchemisτ aka Lord Earl Gray @alchemistaster]

Top 10 Key Points & Takeaways from Delphi Digital’s “Kinetiq: Building the Hyperliquid Economy”

- Hyperliquid has a proven, high revenue exchange
It generated ~$818M in protocol revenue in 2025 and led onchain applications in revenue for six consecutive quarters (Q2 2025–Q3 2026, excluding Tether and Circle). The core HyperCore perps/spot business is already a cash cow

- The broader onchain economy remains underdeveloped. Hyperliquid’s ambition is to “house all finance,” with HyperCore (native exchange+HYPE staking) and HyperEVM (smart contracts) operating like a catamaran’s two hulls under the same validators. So far, activity outside the exchange is limited.

- HIP-3 shows outside builders can expand the platform.
Independent operators can launch perps on Hyperliquid’s infrastructure (equities, commodities, etc.). By early November 2026, HIP-3 accounted for ~30.5% of total perpetual open interest. Oil markets surged dramatically during real world events (e.g., $1.69B daily volume on one contract), and institutional interest has appeared (S&P 500 licensing, ICE investment in TradeXYZ)

- HyperEVM is constrained and has under delivered.
Capital is highly concentrated in HYPE staking derivatives (kHYPE, WHYPE, wstHYPE representing ~90–94% of major lending TVL). Spot volumes lag Base and Solana significantly. Activity spikes (e.g., August 2026) cause sharp gas price rises that price out marginal users and market makers.

- Specific technical bottlenecks on HyperEVM.
Fast blocks offer only ~3M gas roughly every second (vs. Base’s much higher capacity). Fee spikes from limited execution capacity, plus CoreWriter delays of a few seconds and incomplete atomicity with HyperCore, make hedging, frequent quote updates, and certain applications uneconomical or operationally complex.

- Elysium is Kinetiq’s proposed fix: a high performance L2.
Built with Arbitrum Orbit, it settles to HyperEVM and uses HYPE for gas. Targets include ~300M gas/sec (~100× HyperEVM’s fast-block budget) and 100ms blocks. It aims to offer richer HyperCore market data and better order submission tools (full integration planned roughly four weeks after mainnet).

- Sequencer fee model aligns incentives and accrues to KNTQ.
Typical split: 50% of sequencer fees to open market KNTQ buybacks (tokens sent to the Hyperliquid Assistance Fund / burned), 25% to builders (incentives/rebates), and 25% to Kinetiq treasury. This is positioned as more value accretive to the parent ecosystem than many Ethereum L2s, because the real revenue engine is HyperCore trading

- Kinetiq is expanding well beyond liquid staking.
It already dominates liquid staking via kHYPE (leveraging HyperCore/HyperEVM composability). Elysium plus its social trading app Markets are intended to make Kinetiq a core infrastructure and distribution layer across Hyperliquid, similar to how HIP-3 opened the exchange to outside operators.

- Supply side case is credible; demand remains unproven.
Proposed capacity, tools, announced ecosystem support, and Kinetiq’s existing position give the infrastructure thesis weight. However, better blockspace does not automatically create sustained user activity or a thriving app economy. Prior HyperEVM activity under constraints is an incomplete test of true demand.

- Asymmetric upside if Elysium+Markets succeed.
Success could position Kinetiq as essential infrastructure/distribution for the wider Hyperliquid economy developing around an already successful exchange. That expansion beyond pure liquid staking makes Kinetiq a potentially high upside bet on the broader ecosystem materializing. Failure or weak adoption leaves it largely as a strong but more limited staking protocol

https://t.co/g8YkDhAI0d

[Apex @apex_ether]

Onchain volumes are so low, launchpads + trading apps are suffering because traders aren't trading anything.

So they have come up with what is effectively a pyramid scheme. If are able to find new volume we'll give you a cut.

People are being paid to shill you shitters.

[Dracule Mihawk @Mihawk_Research]

24 HOURS OF @ENTER_ELYSIUM MAINNET

The first 24 hours are in the books. I’m breaking down the numbers that stood out across the Elysium ecosystem.

– Total volume: $270M
– TVL: $7.8M
– Total transactions: 6M
– Active projects: 70+
– Tokens launched: 100K+

Top tokens by trading volume

– $AI – $141M
– $KNTQ – $22M
– $MONTRA – $12.6M
– $BOXA – $8.6M
– $E/acc – $7.2M

Projects leading by active users

– @Uniswap – 21K users
– @AscendLaunch – 11K users
– @Fomo – 4.6K users
– @TheKleos_ – 1K users

There’s already plenty of debate about the memecoin pump-and-dump action on @Enter_Elysium.

I’m still waiting to see which projects launch next and what they can add to this L2’s infrastructure.

It’s day one. We’re just getting started.

[Alchemisτ aka Lord Earl Gray @alchemistaster]

@RiskAssetLens it's in official elysium/kinetiq docs i think, i've seen this timeline talked about by few kinetiq and elysium people

[Alchemisτ aka Lord Earl Gray @alchemistaster]

@RiskAssetLens dont have access to full report

i think corewriter network upgrade happens 4weeks post launch

[Alchemisτ aka Lord Earl Gray @alchemistaster]

@MavenHL nobody is left onchain except well documented rap1sts

i think it should still do well, mostly playing with some NFTs, cause what else to do in this depression :D