ELX
$0.0010116207820444042

Elixir (ELX) Price

$0.0010116207820444042
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Elixir (ELX) Price Today

The live price of ELX is 0.0010116207820444042 USD. In the past 24 hours, the trading volume of ELX was 1,276.61 USD, up by 3.98%. The current price has decreased by -25.26% from its 7-day high of 0.00135368 USD, and increased by 5.65% from its 7-day low of 0.00095751 USD. With a circulating supply of 1,000,000,000.00 Elixir, the market cap of ELX is currently 254,713.00 USD, down by 0% in the last 24 hours. ELX currently ranks #- by market capitalization among cryptocurrencies.

Elixir (ELX) Market Data

Market Cap
$262.1K
24h Volume
$1.2K
Circulating Supply
259.2M ELX
Maximum Supply
1B ELX
Fully Diluted Market Cap
$1M
Liquidity Indicator
0.49%

About Elixir (ELX)

How can I buy Elixir (ELX)?

You can buy Elixir (ELX) on supported CEXs, DEXs, or crypto wallets, although it is not yet listed on BingX. See our How to Buy Elixir guide for details. Sign up with BingX to trade ELX first when it goes live.

What Is Elixir (ELX) and How Does It Work?


Elixir (ELX) is a decentralized liquidity network designed to power institutional-grade liquidity across decentralized exchanges (DEXs) and DeFi protocols. It focuses on improving capital efficiency by connecting liquidity providers with trading platforms, enabling deeper order books and tighter spreads. A key component of the ecosystem is deUSD, a synthetic dollar designed to provide stable, on-chain liquidity backed by real-world assets and crypto collateral.

Elixir works through a distributed validator network that coordinates liquidity provisioning across multiple markets. These validators help route liquidity to partner exchanges and protocols, ensuring consistent execution and reducing fragmentation in DeFi. By aggregating liquidity at scale, Elixir enables more efficient trading infrastructure for both retail users and institutional participants.

The ELX token powers the ecosystem by supporting staking, governance, and network incentives. You can stake ELX to help secure the network and earn rewards, while also participating in governance decisions that shape protocol upgrades. This model aligns users, validators, and liquidity providers, creating a scalable and capital-efficient liquidity layer for the broader DeFi ecosystem.

When Did Elixir Launch?


Elixir (ELX) is a DeFi liquidity infrastructure project founded in 2022 by Philip Forte and Christopher Gilbert, with the goal of solving fragmented liquidity across decentralized exchanges. The protocol emerged from stealth in 2023 after securing early funding and continued to expand through multiple investment rounds, including a $7.5 million Series A led by institutional investors.

Elixir achieved a major milestone with the launch of its mainnet in August 2024, followed by its token generation event (TGE) and broader ecosystem rollout in late 2024 and early 2025. The ELX token entered public markets in March 2025, marking the beginning of wider trading access and ecosystem participation.

Elixir Roadmap Highlights


- 2022: Project founded and early development begins

- 2023: Seed and Series A funding rounds completed to build liquidity infrastructure

- 2024: Mainnet launch and validator network rollout

- Late 2024: Token generation events and ecosystem expansion phases

- 2025: ELX exchange listings and airdrop distribution to early users

What Is the ELX Token Utility?


The ELX token is the native utility and governance asset of the Elixir ecosystem, designed to power its decentralized liquidity network. You can use ELX for staking to secure the validator network, earning rewards for providing liquidity, and participating in on-chain governance decisions that shape protocol upgrades. It also supports incentives for validators and liquidity providers, helping maintain deep, efficient liquidity across partner DeFi platforms, while integrating with products like deUSD to enable scalable, capital-efficient trading infrastructure.

You can trade ELX on the BingX spot market by logging into your account, searching for the ELX/USDT trading pair, and placing a market or limit order based on your preferred price. BingX offers a user-friendly interface, high liquidity, and competitive fees, making it easy for both beginners and experienced traders to buy and sell ELX efficiently.

What Is Elixir Tokenomics?


Elixir (ELX) has a fixed maximum supply of 1,000,000,000 tokens, designed to support long-term ecosystem growth while avoiding inflationary pressure beyond scheduled emissions.

ELX Token Allocation


- Community and Ecosystem: 41% (airdrop rewards, user incentives, liquidity programs)

- Investors: 25% (seed and Series A backers, typically subject to vesting schedules)

- Team and Contributors: 20% (long-term vested to align with project growth)

- Foundation and Treasury: 14% (protocol development, partnerships, and operations)

 


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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
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