The launch path through Ascend, step by step.
Ascend’s litepaper lays out four stages: “Launch → Ascended → HyperCore Spot → HIP-3 Perpetuals”. This page follows them on Elysium testnet. Bridge times are measured from real transactions, and auction prices are read from Hyperliquid’s testnet API, in testnet HYPE, which has no market value.
Independent and unofficial. Not affiliated with Kinetiq, Elysium, Hyperliquid or Ascend.
Each stage, at this minute’s prices
Cost TimeLaunch on Ascend
Tokens launch into closed pools on Elysium, quoted in USDC or a tokenized real-world asset. Every trade of a launched token pays a 1% fee, shared between the token’s creator and Ascend.
–HYPE per transaction
–to the next block
Reach Ascended status
Ascended is a status the Ascend team grants to projects that qualify for buybacks and a place on the Ascend homepage. It weighs market cap, holders, volume and concentration, and it does not guarantee a HyperCore listing.
nonea status, not a purchase
no fixed timethresholds not public
Get a HyperCore spot market
Ascend intends to coordinate the HyperCore listing for eligible projects; how the USDC side and the deployment costs are funded is still open. Two on-chain steps are measured here.
Bridge the token to HyperEVM
Bridging locks the token on Elysium and mints a copy on HyperEVM, the mirror. The mirror can be claimed once a confirmation, Elysium’s proof to HyperEVM, covers the lock, which takes – to – minutes here.
–HYPE, gas and setup fees
–HYPE delivery fee
–until a confirmation covers it
Buy a ticker at the HIP-1 auction
A token lists on HyperCore, Hyperliquid’s own exchange, by buying a launch slot at a falling-price auction. The auction lasts up to 31 hours, one price per slot, and the buyer picks the name.
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According to the Elysium docs, the deposit-wallet contracts that link a token to HyperCore are published at launch, so that step is not measured here.
List a perp market with HIP-3
The intended next step is a perp market on Kinetiq’s HIP-3 venue, with its price taken from the token’s HyperCore spot market, and the HIP-3 deployer has to agree. On testnet, – such perp exchanges list – markets.
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31 hat most per auction; none for a dex’s first three marketsat most per auction
What the ticker slot costs
The auction opens at twice the last sale and falls to 500 testnet HYPE over 31 hours, so a launch pays somewhere in this range depending on when it buys. Gas and bridge fees add less than 0.01 HYPE.
–testnet HYPE
–
What Ascend’s litepaper says, and what is live.
Ascend published a litepaper in September 2026 that describes a proposed design; no contract address is published. Nothing on this tab is measured, and each block links to its litepaper page.
The four stages, from the litepaper
LaunchClosed pools on Elysium, a 1% fee on every trade AscendedA status the Ascend team grants for buybacks and visibility HyperCore SpotTreasury tokens help seed an eligible listing, not guaranteed HIP-3 PerpetualsA perp market on Kinetiq’s HIP-3 venue, if the deployer agreesdashed: a status · solid: an on-chain step
Where the 1% fee goes, according to the litepaper
The fee is split between the token’s creator and Ascend; Ascend’s share buys HYPE and KNTQ in the proportions shown. Swap fees and users’ own staking yield are separate and not shown.
Sources: Trading Fee Breakdown, Revenue and Capital Allocation
Run the numbers litepaper
Enter a trading volume to see the litepaper’s fee split applied to it. At 10,000 USD it matches the litepaper’s own $100 example; swap fees and execution costs are excluded, as in the example.
What is live
As of 27 Sep 2026: nothing. No contract address, no audit claim; the litepaper’s 12 pages are checked every 6 h.
hollow: described in the litepaper, not live · filled: live
The litepaper itself says purchases and burns “do not establish a price floor”, distributed tokens “may be volatile or difficult to sell”, and the document is not “confirmation that Ascend’s contracts have completed an audit”.
How fast the bridge is, measured on real transfers.
The bridge connects Elysium and HyperEVM, and the two directions run at different speeds. Measured: every figure comes from messages other people sent on testnet, read from both chains.
Into Elysium, from HyperEVM
Each message is matched to the Elysium transaction that carries the same id, and the time between the two blocks is the delivery time.
–s
median delivery, last 24 h
–s
fastest, last 24 h
–s
slowest, last 24 h
–
messages measured
Out of Elysium, to HyperEVM
A withdrawal waits for a confirmation, then one claim on HyperEVM.
–min
since the last confirmation
–min
wait for a confirmation, median – min
–
withdrawals started in the window
–
claimed on HyperEVM in the same window
Most withdrawals in the window have not been claimed on HyperEVM yet, and claiming is a separate transaction.
Latest matched messages
Newest first; a mirror registration sends two messages in one HyperEVM transaction, so a hash can appear twice.
Scanned HyperEVM blocks – to – and Elysium blocks – to –. The window covers the last 24 hours of scanned blocks, or less while the monitor is catching up.
The auctions a launch pays on Hyperliquid, and how they work.
A token buys a launch slot at auction to list on HyperCore, and a perp market may need a second auction. Both are read live from Hyperliquid testnet, in testnet HYPE, which has no market value.
Spot launch slot (HIP-1)
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–testnet HYPE
–
Each auction sells one slot. Per Hyperliquid’s docs, the price falls from the opening price to the 500 testnet HYPE floor over 31 hours until the first buyer ends it, and the next auction opens at twice the last sale.
–testnet HYPE
opening price, this cycle
–testnet HYPE
latest slot sold for, –
–
tokens already on HyperCore testnet
Perp market slot (HIP-3)
–
–testnet HYPE
–
The perp auction has the same shape, per Hyperliquid’s docs. A dex’s first three markets need no auction, and Ascend’s litepaper names Kinetiq’s HIP-3 venue for its tokens’ perp markets.
–
perp exchanges on testnet, listing – markets
31h
at most per auction
–
HyperCore tokens linked to an EVM contract
Check a token or a ticker before you launch.
Paste a token address to see what it is and whether it can be bridged, or type a name to see if it is already in use on HyperCore. Both read the chains directly, and there is nothing to connect or sign.
Examples: , , .
Launch slot auction Hyperliquid API
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–testnet HYPE
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What this page is, and where its numbers come from.
An independent page that checks the launch path Ascend describes, step by step, on testnet, and reads its costs live. It is not affiliated with Kinetiq, Elysium, Hyperliquid or Ascend.
How the numbers are made
Measured: bridge times come from transfers other people made, matched by the request id that appears on both chains, and the time between the two blocks is the delivery time. Confirmations are read from the Outbox contract on HyperEVM, and auction prices from Hyperliquid’s testnet API. If a number cannot be read, the page says so instead of guessing.
What it cannot show yet
- Ascended thresholds, which are not public.
- The deposit-wallet step; per the Elysium docs it is published at launch, so it is not measured.
- Mainnet prices; every figure here is testnet.
Sources
- Elysium docs, token bridging
- Hyperliquid API docs
- Hypedexer, Elysium testnet RPC
- The Ascend litepaper (September 2026)
- The Ascend post this page started from
Built by @0xmeto_. Read-only, no wallet, testnet only.