Elysium Faces Muted Interest and MEV Controversy Ahead of Mainnet Launch

Elysium, the first Layer 2 ecosystem project on Hyperliquid, is scheduled to launch its mainnet on the evening of November 9, but interest has cooled ahead of the launch. According to PANews, only six tokens have market capitalizations of at least $1 million, with no notable wealth-creation effect reported; controversy has also arisen over allegations that an MEV bot received privileged trading access, and the team’s responses were inconsistent.