Suspected wash trading on ELFi Protocol, volumes may be inflated.

InformationTVLPerp Volume

ELFi Protocol

Total Value Locked$7.83m

TVL by Chain

Arbitrum$6.95m

Base$888,111

Key Metrics

Perp Volume 30d$5.118b

Perp Volume 7d$1.197b

Perp Volume 24h$242m

Cumulative Perp Volume$12.197b

Protocol Information

ELFi Protocol stands out in the DeFi space with its innovative ELP liquidity architecture, offering stablecoin yield products with highly competitive rates and high-yield products linked to non-stablecoins. As the first platform to integrate portfolio margining and pooled trading, ELFi enables zero-slippage trading and advanced risk management at the account level.

Category:Derivatives

Audits:

WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubPerp Volume: Notional volume of all trades in the protocol, includes leverageView code on GitHub

Competitors

Derive V2 ($76.11m)Synthetix V3 ($60.41m)Apex Omni ($42.52m)Aevo Perps ($27.12m)Gains Network ($25.38m)GMX V2 Perps ($399.08m)Avantis ($102.76m)Ostium ($62.56m)Wasabi ($31.01m)MYX Finance ($23.32m)