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About Elk Finance

Elk Finance is a decentralized network that enables cross-chain value transfers and interoperability between blockchains. The network aims to improve blockchain interoperability while minimizing diversity. ElkNet is recognized as Elk Network's effective cross-chain engine. ElkNet enables safe and reliable value and information exchanges amongst blockchains by eliminating complexity and asset segmentation. Elk Finance's goal is to offer people an easy and inexpensive solution to move value across chains.

According to the litepaper, Elk Finance intends to support cross-chain exchanges of arbitrary tokens at sub-second speeds. The platform seeks to accomplish quick, trustless, and inexpensive exchanges between chains by combining a unique liquidity pooling technology with a decentralized peer-to-peer network. Elk focuses on offering Impermanent Loss Protection (ILP), which protects users from being penalized for providing liquidity

The Elk Finance system aims at offering specific functions, such as calling smart contracts across chains and enabling smart contracts on multiple chains to communicate. The platform aims to leverage liquidity on one chain to obtain stablecoin finance. In addition, the network supports cross- or multi-chain synthetic assets (proxy tokens), including the use of an SDK that allows developers to create on top of ElkNet and facilitates cross-chain trading. Elk Finance looks forward to releasing a stablecoin called CHFT to make cross-chain value transfers and payments as safe as possible. CHFT is classified as a cross-chain stablecoin with a gyroscopic construction.

ELK is the governance token of the Elk Finance network. The ELK token is an ERC-20-compliant utility token that serves as the foundation of the Elk Finance ecosystem. ELK is exchangeable and utterly interoperable with EVM wallets and wallets on supported chains. 

Ba'al launched the Elk finance network in 2021. Ba'al, a systems engineer and early blockchain astronaut, founded Elk Finance. The total supply of Elk finance tokens is 42424242 Elk coins.

Market

Spain Market Stats

Market cap

€1.5M

Volume (24h)

€14,177.67

Circulating supply

13.7M ELK

All time high

€5.23

Price change (1h)

-0.69%

Price change (24h)

+2.81%

Price change (7d)

-11.73%

Spain News about Elk Finance

The Block • May 02, 24

Total number of Uniswap wallets more than doubles in the past year

The doubling comes as Uniswap surpassed a historic $2 trillion in cumulative trading volume in early April.

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BeInCrypto • May 02, 24

Top VCs Join EYWA’s Seed Round Led by Curve’s Founder

EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability. The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two new backers: Fenbushi ...

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The Defiant • May 02, 24

Crypto Markets Bounce After Fed Leaves Interest Rates Unchanged

Bitcoin and Ether are up 4% in the past 24 hours, while Solana has surged 12%.

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Unchained • May 02, 24

Tether’s Record $4.5 Billion Q1 Profit Highlights Its Dominance of the Stablecoin Industry

Tether’s record first-quarter profit is an indicator of its ongoing dominance, stablecoin experts say, keeping the stablecoin issuer in pole position as regulation attempts mount. Though Tether recorded a profit of $4.52 billion in the first quarter, with most of that coming from its gains on its...

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DL News • May 02, 24

Solana surge to $140 shows investors couldn’t care less about the Fed

Hawkish or dovish, for Solana investors, it's still all just gibberish.

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Decrypt • May 02, 24

Ethereum and Solana Meme Coin Prices Surge Amid Modest Bitcoin Gains

Bitcoin is rising after a rough week, but meme coins like Pepe, Bonk, Dogwifhat, and Dogecoin are the biggest winners today.

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Elk Finance is on the decline this week.

The price of Elk Finance has decreased by 0.69% in the last hour and increased by 2.81% in the past 24 hours. Elk Finance’s price has also fallen by 11.73% in the past week. The current price is €0.11 per ELK with a 24-hour trading volume of €14.18K. Currently, Elk Finance is valued at 97.85% below its all time high of €5.23. This all-time high was the highest price paid for Elk Finance since its launch.

The current circulating supply of Elk Finance is 13,743,515 ELK which means that Elk Finance has as total market cap of 13,743,515.

FAQ

What is the current price of Elk Finance?

We update our Elk Finance to EUR currency in real-time. Get the live price of Elk Finance on Coinbase.

What is the market cap of Elk Finance?

The current market cap of Elk Finance is €1.55M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Elk Finance?

The all-time high of Elk Finance is €5.23. This all-time high is highest price paid for Elk Finance since it was launched.

What is the 24 hour trading volume of Elk Finance?

Over the last 24 hours, the trading volume of Elk Finance is €14.18K.

What other assets are similar to Elk Finance?

Assets that have a similar market cap to Elk Finance include BigTycoon, Snap Token, Wojak, and many others. To see a full list, see our comparable market cap assets.

How many Elk Finance are there?

The current circulating supply of Elk Finance is 14 million.

Can I buy Elk Finance on Coinbase?

Yes, Elk Finance is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Elk Finance guide.