ELYFI

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

ELYFI's governance or utility token carries a market capitalisation of $226K based on circulating supply at the latest DeFiLlama snapshot. The market is pricing the token ($226K) above the protocol's on-chain TVL ($40.8) — a mcap/TVL multiple of 5534.30× implies investors are paying for expected future fee flows rather than current deposits alone. A further $323.1K sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Feb 23, 2022
   Listed on DeFiLlama

ELYFI operates in the RWA category of DeFi. It is deployed across 3 chains, including Ethereum, Binance, Klaytn. The codebase has been independently audited (2 reports on file).

ELYFI operates on 3 networks (Ethereum, Binance, Klaytn), keeping its surface area narrower than chain-agnostic peers. TVL is comparatively balanced across networks: even the largest deployment (borrowed) holds only 37% of the protocol's value. Two audit reports are published on DeFiLlama, which is in line with typical practice for protocols at this scale. Its token market cap ($226K) currently exceeds total value locked ($40.8) — a mcap/TVL ratio of 5534.30 suggests the market is pricing in more growth than current deposits support.

Verified external resources for ELYFI — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

ELYFI is one of 7 RWA protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Tether Gold, BlackRock BUIDL, Paxos Gold, and 3 more. These peer protocols collectively secure $14.3B in deposits, giving you a frame of reference for whether ELYFI's own TVL is at the top, middle, or tail of the category.

Tether Gold

TVL $3.6B · 24h -0.43%

BlackRock BUIDL

TVL $2.5B · 24h +0.43%

Paxos Gold

TVL $2.5B · 24h -0.60%

Circle USYC

TVL $2.4B · 24h +4.42%

Ondo Yield Assets

TVL $2B · 24h -0.67%

Centrifuge Protocol

TVL $1.3B · 24h +4.07%