What is Elixir? How is the performance of the ELX Token?

According to Gate market data, as of July 22, 2025, the price of Elixir's native Token ELX is temporarily reported at 0.219 USD, having fallen 7.62% in the past 24 hours, but the rise in ELX over the past week has reached as high as 110%. This performance far exceeds the sluggish mainstream Crypto Assets market, highlighting that funds are flowing into altcoins with real application scenarios. The core engine driving the explosion of ELX is its innovative synthetic stablecoin deUSD's ability to unlock billions of dollars in Real World Assets (RWA), as well as a series of key ecological advancements recently.

##Reasons for the Surge: Product Implementation and Institutional Capital Resonance Unlike traditional meme coins, the rise of ELX is closely related to the technical integration of its ecosystem and institutional collaborations:

stablecoin ecosystem expansion

• deUSD, as a yield-bearing synthetic USD, has nearly reached a TVL of 50 million USD on the Avalanche chain and has launched on Euler Finance to achieve yield stacking.
• Its derivative sdeUSD offers a 15x yield multiplier through Pendle Finance and has just received approval from the Compound Finance proposal, becoming the first yield-bearing stablecoin on the platform.

Key Infrastructure Upgrade

• Completed the integration of Chainlink CCIP (Cross-Chain Interoperability Protocol), enhancing multi-chain interoperability and removing technical barriers for the flow of RWA assets.

Institutional-level RWA channel implementation

• Collaborate with BlackRock to tokenize billions of dollars in physical assets through Plume Network and build an institutional liquidity channel based on deUSD.
• Partnering with Hamilton Lane and Securitize to provide an on-chain entry for the private credit fund SCOPE, allowing holders to directly participate in DeFi activities without redeeming the underlying assets.

##Technical Architecture: Modular Design Supports RWA Scalability The core competitiveness of Elixir lies in its underlying architecture designed specifically for high-throughput financial scenarios:

• High performance and security: Adopting the DPoS consensus mechanism, the average block time is < 1 second, TPS reaches 50,000, secured by over 30,000 global validator nodes ensuring decentralized security.
• Modular Liquidity Engine: Supports flexible switching between cross-chain bridging, order book, and AMM models, providing deep liquidity for exchanges. For example, a leading DEX boosted ETH/USDC liquidity by 40% through the ELX incentive program.
• Native synthetic asset design: deUSD is fully collateralized by institutional assets (such as BlackRock's BUIDL), can be verified in real-time on-chain, and is compatible with DeFi scenarios such as lending and staking.

##Token Economics: Low Circulation and Long-Term Value Capture The current supply and demand structure of ELX provides strong support for its price:

• Scarcity circulation: Only 25.93% (approximately 259 million) Tokens unlocked, the rest will be released according to plan until 2045.
• Institutional-led distribution: In the token allocation, the Dao Foundation (22%), core contributors (19%), and investors (15%) have a high proportion, and the investors' share will welcome the next round of unlocking on September 7, 2025.
• Valuation space: Based on the current price, the circulating market cap is approximately 67 million USD, while the fully diluted valuation (FDV) is 194 million USD, significantly lower than similar RWA protocols.

##RWA Track: The Key to a Trillion-Level Market The explosion of Elixir reflects the turning point of RWA from concept to large-scale application:

• Institutional entry accelerates: Asset management giants like BlackRock and Apollo have connected their tokenized assets (such as government bonds and private credit) to DeFi through deUSD, paving the way for "static assets" to transform into productive liquidity.
• Market potential verification: Institutions like Blocksquare plan to put 1 billion USD worth of American real estate on-chain, and JPMorgan is exploring bond tokenization—the RWA market size is expected to exceed 10 trillion USD by 2030.
• Elixir's moat: Compared to protocols that only achieve asset on-chain, Elixir solves the "composability dilemma" of RWA through deUSD, enabling seamless integration with mainstream DeFi protocols like Compound and Pendle.

##Future Outlook: Challenges and Opportunities with Hundredfold Potential Despite the significant short-term rise of ELX, its long-term potential is still underestimated:

• Growth Catalyst:
  • The launch of deUSD on Compound (Q3 2025) may ignite the demand for yield-generating stablecoins;
  • The expectation that more asset management institutions (such as bond issuers) will access the Elixir network;
  • If institutions do not sell off large amounts of coins after the unlocking in September 2025, it will validate long-term confidence.
• Risk Warning:
  • Investor token unlock may bring short-term selling pressure;
  • Changes in RWA regulatory policies may affect asset minting speed;
  • The security of the protocol is facing the test of complex financial scenarios.

The market is voting with funds: while traditional tokenization solutions remain at the "packaging" of off-chain wealth, Elixir has allowed RWA to flow in DeFi. If it continues to realize the vision of "institutional capital entering the chain infrastructure," the narrative of ELX may just be beginning.