⚡️Elys Network: The Next Hyperliquid?

According to the latest official news:

Elys plans to launch its mainnet (starting mainnet mining and airdrop) / TGE on Tuesday, December 17, at 8 PM.

After the mainnet launch, participants can engage in mining with high APY + mining rewards. Additionally, the initial circulation will be extremely low, similar to the 2u period of Hyperliquid, potentially replicating the price surge of $HYPE!

I have been following Elys @elys_network for some time;

Recently, the success of Hyperliquid has generated significant attention in the DeFi space, and Elys Network, as a DeFi platform focused on perpetual contracts, is on a fast track to development.

Its design philosophy is similar to Hyperliquid, emphasizing decentralization, transparency, and a user-friendly trading experience. However, Elys Network aims to find its unique position in the market by leveraging the advantages of the Cosmos ecosystem while offering a range of features such as leveraged liquidity provision, real-time rewards, and a non-inflationary mechanism.

From a technical perspective, Elys Network is built on the Cosmos SDK, which not only allows it to utilize the cross-chain communication (IBC) of the Cosmos network but also enables it to compete with Hyperliquid in terms of scalability and performance.

In particular, Elys Network emphasizes account abstraction and fiat channels, positioning itself as a leader in UniFi, Wallet, and Chain Abstraction, aggregating liquidity across chains and potentially significantly lowering the entry barrier to DeFi, which is especially important for new users.

With the market heat generated by Hyperliquid, if Elys Network can make breakthroughs in user experience, security, and marketing, it may attract a large number of users, especially those with higher demands for security and decentralization.

The future of Elys Network largely depends on its ability to surpass Hyperliquid in community and liquidity building, as well as its capacity to maintain a lead in product innovation.

Currently, not many people in the Chinese community have mentioned Elys Network; it appears to be a purely Western project, with founders in Europe and the United States, so it’s worth keeping an eye on, hoping it can become the next Hyperliquid!

After all, from the current perspective, this familiar formula and flavor—

The same mainnet launch, extremely low circulation, while driving up prices on its own DEX, and then listing on other CEXs after the hype and price increase;

🚨Elys Network Related Introduction:

Elys is a Layer 1 application chain built on the Cosmos SDK, technically inheriting the advantages of the Cosmos ecosystem, such as modular architecture and cross-chain communication (IBC); using CometBFT as the consensus mechanism, ensuring high performance and security for the network;

1️⃣ Dex Trading Diversity:

In the DEX space, Elys Network offers a variety of trading services, including spot trading, liquidity mining, leveraged liquidity provision (Leverage LP), and perpetual contract trading (PerpDex).

2️⃣ Account Abstraction:

Elys simplifies user entry, allowing seamless DeFi operations through an integrated account system.

3️⃣ Fiat On/Off Ramps:

Supports fiat deposits and withdrawals, enhancing the accessibility of DeFi services.

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