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aelf (ELF)
What is aelf?
aelf (ELF) is a decentralized cloud computing blockchain network launched in 2017 by aelf Innovation Lab. It aims to provide a robust solution for scalability and customization in the blockchain space. The project utilizes a distinctive multi-chain architecture, where a main chain connects with multiple side chains to efficiently handle various tasks and applications. This design enhances scalability and allows for the seamless execution of smart contracts. The network operates using a Delegated Proof of Stake (DPoS) consensus mechanism, which ensures efficient and secure transaction validations. The ELF token serves multiple roles within the ecosystem, including payment for transaction fees, participation in governance decisions, and staking to support network operations. aelf distinguishes itself with its focus on creating a highly customizable and scalable blockchain platform, making it a significant player in enabling enterprise-level blockchain applications. Its innovative approach to solving common blockchain limitations positions it as a versatile solution for diverse use cases.
When and how did aelf start?
aelf originated in December 2017 when its founding team, led by Ma Haobo, released the project's whitepaper. The project aimed to create a decentralized cloud computing blockchain network. aelf's testnet was launched in August 2018, providing an initial platform for developers and users to explore its capabilities. This was followed by the mainnet launch in December 2020, marking the project's readiness for broader adoption and use. The initial development of aelf focused on scalability and interoperability, setting the stage for a versatile blockchain ecosystem. The token's initial distribution was conducted through a private token sale in late 2017, which helped to fund the project's early development efforts. These foundational steps established aelf as a promising player in the blockchain space, setting up the groundwork for its future advancements and ecosystem expansion.
What’s coming up for aelf?
According to official updates, aelf is gearing up for several key developments. One of the main initiatives is the launch of its mainnet upgrade, which is targeted for completion in the coming months. This upgrade focuses on enhancing scalability and performance to better support decentralized applications. Additionally, aelf is working on integrating with more blockchain ecosystems to expand its interoperability capabilities, with these integrations expected to roll out by the end of the year. Another significant milestone is the planned introduction of new governance mechanisms aimed at increasing community participation and decision-making efficiency. These efforts are designed to strengthen the overall robustness and user experience of the aelf network, with progress being tracked through their official development channels.
What makes aelf stand out?
aelf distinguishes itself through its multi-layered blockchain architecture that incorporates sharding, enabling high scalability and efficient resource allocation. This design allows aelf to process multiple transactions and smart contracts concurrently, significantly enhancing throughput and reducing latency. Its unique governance model includes a Delegated Proof-of-Stake (DPoS) consensus mechanism, which supports a more democratic and decentralized decision-making process. Additionally, aelf's focus on interoperability is evident through its cross-chain capabilities, allowing seamless interaction with other blockchain networks. The ecosystem is strengthened by strategic partnerships and a vibrant developer community, providing robust tooling and resources. These features collectively contribute to aelf’s distinct role in the blockchain landscape, offering a scalable and interoperable platform for diverse applications.
What can you do with aelf?
The ELF token is primarily used for transaction fees within the aelf network, enabling users to send value and utilize decentralized applications (dApps). Holders of ELF can stake their tokens to help secure the network, which may also allow them to participate in governance processes, such as voting on protocol upgrades or changes. Developers can leverage aelf to build and deploy dApps, utilizing tools and software development kits (SDKs) provided by the platform. The aelf ecosystem supports various applications and integrations, including wallets and marketplaces, where ELF tokens can be used for specific functions like accessing services or participating in decentralized finance (DeFi) activities.
Is aelf still active or relevant?
aelf remains active and relevant as evidenced by its ongoing development and recent updates. As of 2023, aelf has been consistently releasing updates, with the latest version focusing on enhancing scalability and interoperability within its blockchain ecosystem. The project is actively maintained on platforms like GitHub, where regular commits and version updates are visible. Furthermore, aelf continues to be listed on major exchanges, ensuring a steady trading volume and market presence. The project also participates in governance activities, with recent proposals and community votes indicating an engaged user base. Notable integrations, such as partnerships with other blockchain platforms and enterprise solutions, underscore its relevance in the decentralized application sector. These elements collectively affirm aelf's ongoing activity and significance in the blockchain space.
Who is aelf designed for?
aelf is designed for developers and enterprises, enabling them to create and manage decentralized applications (dApps) with scalability and customization. It provides robust tools and resources, including software development kits (SDKs), APIs, and documentation portals, to facilitate efficient development. The platform's blockchain infrastructure supports the creation of sidechains, allowing developers to tailor solutions for specific business needs. Secondary participants such as validators and node operators engage through staking and governance, contributing to network security and decision-making. This structure supports aelf's goal of building a scalable, enterprise-ready blockchain ecosystem.
How is aelf secured?
aelf employs a Delegated Proof of Stake (DPoS) consensus mechanism to secure its network. In this model, a set of elected validators, known as nodes, are responsible for confirming transactions and maintaining the blockchain's integrity. These validators are selected through a voting process by token holders, which aligns the network's security with stakeholder interests. The protocol uses cryptographic techniques such as Elliptic Curve Digital Signature Algorithm (ECDSA) to ensure authentication and data integrity. To further secure the network, aelf implements an incentive structure that rewards validators for their participation in the network while imposing penalties for malicious activities, such as slashing the stake of misbehaving validators. Additionally, aelf benefits from regular audits and a robust governance framework that allows for community-driven decision-making, enhancing the network's resilience and adaptability.
Has aelf faced any controversy or risks?
aelf has faced certain risks and challenges typical of blockchain projects. As of the latest information, there have been no major security breaches or exploits directly affecting the aelf network. However, like many blockchain platforms, aelf is subject to technical risks such as potential vulnerabilities in smart contracts or network infrastructure. The aelf team addresses these risks through regular security audits and by implementing robust development practices. In terms of regulatory risks, aelf operates in a rapidly evolving legal landscape, which poses potential challenges. The project actively monitors regulatory developments to ensure compliance and mitigate any potential legal issues. Community and governance risks are managed through transparent communication and an inclusive governance model that allows stakeholders to participate in decision-making processes. Overall, while aelf has not been embroiled in any significant controversies, it continues to face ongoing risks typical of the blockchain industry, which it mitigates through proactive measures and community engagement.
aelf (ELF) FAQ – Key Metrics & Market Insights
Where can I buy aelf (ELF)?
aelf (ELF) is widely available on centralized cryptocurrency exchanges. The most active platform is Upbit, where the ELF/KRW trading pair recorded a 24-hour volume of over $210 270.81. Other exchanges include OKX and Gate.
What's the current daily trading volume of aelf?
As of the last 24 hours, aelf's trading volume stands at $881,679.57 , showing a 54.99% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What's aelf's price range history?
All-Time High (ATH): $2.77
All-Time Low (ATL): $0.036130
aelf is currently trading ~97.13% below its ATH
and has appreciated +130% from its ATL.
What's aelf's current market capitalization?
aelf's market cap is approximately $65 050 741.00, ranking it #355 globally by market size. This figure is calculated based on its circulating supply of 819 070 489 ELF tokens.
How is aelf performing compared to the broader crypto market?
Over the past 7 days, aelf has gained 3.96%, outperforming the overall crypto market which posted a 1.97% decline. This indicates strong performance in ELF's price action relative to the broader market momentum.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.
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aelf Basics
| Whitepaper | Open |
|---|
| Development status | On-going development |
|---|---|
| Org. Structure | Semi-centralized |
| Open Source | Yes |
| Consensus Mechanism | Not mineable |
| Algorithm | None |
| Hardware wallet | Yes |
| Website | aelf.com |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (2) | etherscan.io bscscan.com |
|---|
| Tags |
|
|---|
| Blog | blog.aelf.com medium.com |
|---|
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Popular Calculators
aelf Team
J. Michael Arrington is a serial entrepreneur and the founder of TechCrunch, a blog that covers startups and technology news. http://uncrunched.com/
Michael Arrington is engaged in 2 projectsaelf Exchanges
aelf Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to aelf
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 5 | XRP XRP | $85 170 299 661 | $1.39 | $2 036 426 109 | 61,227,832,454 | |||
| 8 | TRON TRX | $25 573 260 518 | $0.296113 | $528 015 100 | 86,363,298,503 | |||
| 25 | Stellar XLM | $5 416 445 708 | $0.164051 | $100 039 085 | 33,016,938,670 | |||
| 87 | Cosmos ATOM | $733 149 067 | $1.88 | $31 785 652 | 390,934,204 | |||
| 93 | VeChain VET | $613 969 627 | $0.007140 | $12 503 141 | 85,985,041,177 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 51 | Near Protocol NEAR | $1 552 677 546 | $1.31 | $154 538 629 | 1,185,165,436 | |||
| 82 | Quant QNT | $790 681 247 | $65.49 | $9 295 348 | 12,072,738 | |||
| 87 | Cosmos ATOM | $733 149 067 | $1.88 | $31 785 652 | 390,934,204 | |||
| 179 | LayerZero ZRO | $215 721 348 | $1.96 | $44 153 218 | 110,000,000 | |||
| 482 | ICON ICX | $39 339 276 | $0.035963 | $1 325 714 | 1,093,876,849 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 23 | Chainlink LINK | $5 633 653 140 | $8.99 | $385 024 816 | 626,849,970 | |||
| 87 | Cosmos ATOM | $733 149 067 | $1.88 | $31 785 652 | 390,934,204 | |||
| 199 | THETA THETA | $173 576 336 | $0.173576 | $4 415 817 | 1,000,000,000 | |||
| 215 | OriginTrail TRAC | $157 731 630 | $0.315466 | $1 202 671 | 499,995,033 | |||
| 220 | THORChain RUNE | $150 811 370 | $0.445137 | $5 696 110 | 338,797,570 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 92 | Filecoin FIL | $658 486 262 | $0.864702 | $68 531 667 | 761,518,196 | |||
| 230 | Golem GLM | $129 882 514 | $0.129883 | $4 908 157 | 1,000,000,000 | |||
| 265 | Quantum Resistant Ledger QRL | $101 411 600 | $1.49 | $38 632.85 | 67,937,170 | |||
| 331 | Holo HOT | $72 703 057 | $0.000409 | $2 864 430 | 177,619,433,541 | |||
| 393 | Siacoin SC | $57 843 901 | $0.001032 | $3 881 974 | 56,025,636,522 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 43 | BitTensor TAO | $2 255 547 579 | $235.01 | $311 044 908 | 9,597,491 | |||
| 51 | Near Protocol NEAR | $1 552 677 546 | $1.31 | $154 538 629 | 1,185,165,436 | |||
| 71 | Render RENDER | $918 065 997 | $1.77 | $75 399 857 | 517,690,747 | |||
| 106 | Virtuals Protocol VIRTUAL | $459 059 989 | $0.707777 | $52 482 874 | 648,594,347 | |||
| 107 | Artificial Superintelligence Alliance FET | $457 881 565 | $0.175436 | $48 536 900 | 2,609,959,126 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $79 194 448 428 | $0.999998 | $11 050 867 986 | 79,194,583,441 | |||
| 23 | Chainlink LINK | $5 633 653 140 | $8.99 | $385 024 816 | 626,849,970 | |||
| 27 | Binance Bitcoin BTCB | $5 172 262 081 | $70 748.24 | $73 728 253 | 73,108 | |||
| 33 | Shiba Inu SHIB | $3 466 578 608 | $0.000006 | $90 845 240 | 589,264,883,286,605 | |||
| 36 | Dai DAI | $3 328 296 160 | $0.999720 | $1 083 853 742 | 3,329,226,824 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 414 909 303 067 | $70 738.53 | $37 832 591 889 | 20,001,962 | |||
| 2 | Ethereum ETH | $249 949 703 655 | $2 075.54 | $14 942 183 769 | 120,426,316 | |||
| 4 | BNB BNB | $90 916 571 350 | $653.21 | $795 727 053 | 139,184,442 | |||
| 7 | Solana SOL | $49 679 321 194 | $86.97 | $2 970 934 102 | 571,235,719 | |||
| 8 | TRON TRX | $25 573 260 518 | $0.296113 | $528 015 100 | 86,363,298,503 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 12 | Cardano ADA | $10 028 680 057 | $0.260595 | $489 701 129 | 38,483,759,244 | |||
| 30 | Avalanche AVAX | $4 035 878 782 | $9.56 | $295 455 780 | 422,275,285 | |||
| 32 | Sui SUI | $3 843 171 421 | $0.985432 | $388 200 571 | 3,899,984,688 | |||
| 50 | Aave AAVE | $1 661 652 149 | $110.24 | $270 763 496 | 15,073,211 | |||
| 51 | Near Protocol NEAR | $1 552 677 546 | $1.31 | $154 538 629 | 1,185,165,436 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $249 949 703 655 | $2 075.54 | $14 942 183 769 | 120,426,316 | |||
| 4 | BNB BNB | $90 916 571 350 | $653.21 | $795 727 053 | 139,184,442 | |||
| 7 | Solana SOL | $49 679 321 194 | $86.97 | $2 970 934 102 | 571,235,719 | |||
| 8 | TRON TRX | $25 573 260 518 | $0.296113 | $528 015 100 | 86,363,298,503 | |||
| 12 | Cardano ADA | $10 028 680 057 | $0.260595 | $489 701 129 | 38,483,759,244 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3 | Tether USDT | $177 449 340 842 | $1.000164 | $57 112 550 118 | 177,420,277,588 | |||
| 6 | USDC USDC | $79 194 448 428 | $0.999998 | $11 050 867 986 | 79,194,583,441 | |||
| 9 | Lido Staked Ether STETH | $20 322 487 894 | $2 074.91 | $11 510 541 | 9,794,399 | |||
| 13 | Wrapped Bitcoin WBTC | $9 256 310 106 | $70 562.98 | $277 357 763 | 131,178 | |||
| 15 | Wrapped Liquid Staked Ether 2.0 WSTETH | $9 066 238 163 | $2 549.75 | $9 751 663 | 3,555,731 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
aelf




