Elys Network Price

Elys Network is a decentralized cryptocurrency launched in 2024, designed to power the Elys Network ecosystem. It's currently ranked 2736 on CoinMarketCap with a price of $0.05307. Elys Network operates on its own blockchain and aims to facilitate decentralized finance (DeFi) applications, including decentralized exchanges, yield farming, and derivatives trading. Key features of Elys Network include: 1. Smart contract functionality 2. AMM (Automated Market Maker) capabilities 3. Layer 1 blockchain solution The total supply of Elys Network is 152.94M ELYS, with a circulating supply of 23.85M ELYS. Its market cap stands at $1.26M, and it has seen a 24-hour trading volume of $74.77K. Since its launch, Elys Network has experienced significant price movements, with an all-time high of $1.09 and an all-time low of $0.04724. In the past 24 hours, the price has changed by +0.62%, ranging between $0.05129 and $0.0591. As a relatively new project in the crypto space, Elys Network is continuously developing its ecosystem and expanding its use cases within the DeFi sector. Investors and enthusiasts can follow the project's progress through its official website and social media channels.

Elys Network was created on December 18, 2024. It was launched as a decentralized finance (DeFi) project aimed at providing innovative financial solutions on the blockchain. Since its inception, Elys Network has been focused on developing a robust ecosystem for decentralized exchanges, yield farming, and smart contract functionality. The project's goal is to offer users advanced DeFi tools and services, including derivatives trading and automated market making (AMM) capabilities. As of 2025-08-07, Elys Network has established itself as a notable player in the DeFi space, with a current market cap of $1.26M and a price of $0.05307. The total supply of Elys Network tokens is 152.94M ELYS, with 23.85M ELYS currently in circulation. Despite being relatively new in the cryptocurrency landscape, Elys Network has already gained traction among DeFi enthusiasts and continues to evolve its offerings to meet the growing demands of the decentralized finance sector.

The founders of Elys Network (ELYS) are not publicly disclosed. The project was launched in December 2024 as a decentralized finance (DeFi) platform focused on providing innovative financial services. While the founding team remains anonymous, they have demonstrated expertise in blockchain technology and decentralized systems. The Elys Network network is designed to be community-driven, with governance decisions made by token holders. This approach aligns with the principles of decentralization and allows the project to evolve based on community input rather than relying on the reputation of specific individuals. As of 2025-08-07, Elys Network has gained traction in the DeFi space, ranking 2736 on CoinMarketCap with a price of $0.05307 and a 24-hour trading volume of $74.77K. The project's focus on privacy and decentralization has attracted a growing user base interested in its unique features and potential for future development in the Web3 ecosystem.

Elys Network operates on a decentralized network, utilizing blockchain technology to facilitate secure and transparent transactions. The ELYS token serves as the native cryptocurrency of the platform, powering various DeFi functionalities. Users can stake, trade, and participate in yield farming activities within the ecosystem. The network employs smart contracts to automate processes and ensure trustless interactions. With a total supply of 152.94M ELYS tokens, Elys Network aims to provide liquidity and enable efficient decentralized exchange operations. The platform's AMM (Automated Market Maker) model allows for seamless token swaps and liquidity provision. Elys Network also supports derivatives trading and offers innovative DeFi solutions. As a Layer 1 blockchain, it provides the foundation for building decentralized applications and expanding the ecosystem. The network's governance is community-driven, allowing token holders to participate in decision-making processes. By 2026, Elys Network aims to enhance its scalability and interoperability features, potentially increasing its adoption and utility in the broader Web3 landscape.

Elys Network utilizes a Layer 1 blockchain architecture with smart contract capabilities. It employs a Proof-of-Stake (PoS) consensus mechanism for network security and transaction validation. The platform features a decentralized exchange (DEX) and supports DeFi functionalities such as yield farming and AMM (Automated Market Maker) protocols. Elys Network's technical stack includes: 1. Native blockchain with high throughput and low latency 2. Smart contract functionality for dApp development 3. PoS consensus for energy-efficient block production 4. Cross-chain interoperability features 5. DEX infrastructure for token swaps and liquidity provision 6. Yield farming and staking mechanisms 7. AMM protocols for efficient price discovery 8. Layer 1 scalability solutions for handling high transaction volumes The Elys Network network also incorporates advanced cryptographic techniques to ensure transaction privacy and security. Its modular design allows for future upgrades and improvements to the protocol without disrupting the existing ecosystem.

Elys Network has an ambitious roadmap for the future. In 2025, the project aims to expand its DeFi ecosystem by launching new yield farming protocols and improving its decentralized exchange. By 2026, Elys Network plans to introduce cross-chain interoperability features, allowing seamless asset transfers between different blockchain networks. In 2027, the team will focus on developing advanced smart contract capabilities and implementing layer 2 scaling solutions to enhance transaction speed and reduce fees. Looking further ahead to 2030, Elys Network envisions becoming a leading platform for decentralized derivatives trading and aims to integrate AI-powered risk management tools. The long-term goal for 2035 is to establish Elys Network as a cornerstone of the global DeFi infrastructure, with a robust governance model and widespread adoption across various financial applications. Throughout this journey, the project will continue to prioritize security, scalability, and user experience to drive sustainable growth in the crypto space.