Elys Network

What Elys Network does

Elys Network is a decentralized finance Layer 1 application chain built on the Cosmos Hub, operated by Singapore-incorporated Elys Network Inc. Its flagship product, UniFi, is a multi-chain DeFi trading application accessed via web (app.elys.network) that aggregates liquidity across IBC-connected ecosystems including Ethereum through chain and wallet abstraction. The platform integrates spot trading, perpetual futures (up to 25x leverage), automated market making, liquidity mining, simple staking, liquid staking, leverage-augmented LP (up to 5x), native Bitcoin staking, and multi-asset index pools, all powered by CosmWASM smart contracts and the proprietary Universal Liquidity Layer. The company does not disclose revenue, but its reported mainnet metrics include 10,700 daily active users, 4,000 monthly active users, and 37,000 average engagement.

The business model is transaction-fee based and non-inflationary. The protocol charges swap fees, perpetual trading fees, margin interest, and liquid staking fees, which are redistributed primarily to liquidity providers and stakers in USDC rather than funded by ELYS token minting. Distribution is purely self-serve and product-led: users connect non-custodial wallets directly to the protocol, with growth driven by Discord, Telegram, X, YouTube, and testnet incentive programs. The company is geographically restricted, excluding users in the USA, Canada, and South Korea.

Elys Network raised $2.5 million in seed funding in June 2024 from a syndicate of crypto-native and Cosmos-aligned investors including Comma3 Ventures, Cogitent Ventures, Persistence One, Kahuna, Tess Ventures, Atom Accelerator, Dutch Crypto Investors, CSPDAO, Stakecito, Coinswitch, Smart Stake, and Allnodes. The company has 11–50 employees and was founded in 2022, with mainnet and its Token Generation Event launching in Q4 2024. Co-founders are Prashant Srivastava and Mitchell Nishimura.

Name

Elys Network

Legal name

Elys Network Inc.

Website

https://elys.network

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Elys Network is a Cosmos-based DeFi Layer 1 application chain offering a multi-chain trading platform (UniFi) with spot, perpetual, liquidity mining, and liquid staking features unified through a Universal Liquidity Layer and chain abstraction, serving retail crypto traders and liquidity providers globally.

Ownership category

akta.pro rank

Product category

Decentralized Finance (DeFi) Layer 1 Blockchain

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Commodity Contracts Intermediation (523160)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Cross-Chain Trading & Liquidity Routing (multi-chain swaps, bridge-integrated trading) (FSAPADAJ)

akta.pro secondary industries

DeFi Asset Management & On-Chain Index Protocols (FSADAMAK), Cross-Chain Bridges & Interoperability Protocols (FSADAMAG), Cross-Chain Wallet & Asset Routing Infrastructure (FSADACAJ), DEX Aggregators & Smart Order Routing (FSADABAC)

Keywords

• Decentralized finance
• Layer 1 blockchain
• DeFi trading protocol
• Liquid staking
• Perpetual futures trading

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Swap Fees: Fees collected from token swap transactions on the platform's AMM. Traders pay fees when executing spot trades, which accrue to liquidity providers.
2. Margin Interest Fees: Interest charged on leveraged positions opened through perpetual trading and Leverage LP features.
3. Liquid Staking Fees: Fees collected from the liquid staking functionality when users stake tokens and receive liquid derivatives.
4. Perpetual Trading Fees: Fees from perpetual contract trading including opening/closing positions and funding rate payments.
5. Liquidity Mining Fees: Non-inflationary yield generated from protocol fees that rewards liquidity providers who supply assets to pools.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Elys Network operates a Cosmos Hub-based DeFi Layer 1 application chain that delivers multi-chain decentralized trading through its UniFi application. The platform combines spot trading, perpetual futures, liquidity mining, liquid staking, simple staking, leverage LP, native Bitcoin staking, and multi-asset index pools behind a chain-abstracted and wallet-abstracted interface that aggregates liquidity across multiple blockchain ecosystems.

Product overview

Elys Network is a Cosmos ecosystem DeFi Layer 1 application chain providing a universal DeFi gateway through its UniFi trading application. The platform operates as a multi-chain DeFi solution with chain and wallet abstraction, offering a unified financial playground. The core UniFi product integrates multiple trading capabilities including Spot Trading, Perpetual Trading, Liquidity Mining, Liquid Staking, Simple Staking, and Leverage LP. Additional features include Native Bitcoin Staking, Multi-Asset Index Pools, and the Universal Liquidity Layer that combines liquidity across ecosystems. The platform supports swaps and derivatives trading with up to 25x leverage, and uses TradingView technology for charting.

Differentiator

Problem solved

Functional benefit

Products and services

• UniFi UniFi is Elys Network's flagship multi-chain DeFi trading application, featuring chain abstraction and wallet abstraction that allow users to access all assets in one place with combined liquidity from various ecosystems.
• Spot Trading Spot trading feature within the UniFi platform that enables users to trade with low slippage on any asset in a unified financial playground environment.
• Perpetual Trading Perpetual contract trading with flexible 24/7 trading, no expiration date, and up to 25x buying power, accessible on any device with margin interest fees.
• Liquidity Mining Liquidity provision program that allows users to supply assets to pools and earn passive yield in USDC, with non-inflationary rewards funded from protocol fees.
• Liquid Staking Liquid staking service that allows users to stake tokens and use the resulting liquid staking derivatives freely within the Elys ecosystem to earn passive yield.
• Simple Staking One-click staking service that lets users stake tokens and earn passive yield with a simplified user experience.
• Leverage LP Leveraged liquidity provision that allows users to amplify their liquidity provider positions with up to 5x leverage to maximize yield potential.
• Native Bitcoin Staking Native Bitcoin staking service within the Elys Network ecosystem, enabling users to stake BTC assets and earn rewards while participating in DeFi activities.
• Multi-Asset Index Pools Pool products providing diversified exposure across multiple crypto asset combinations within a single index pool structure.
• Universal Liquidity Layer Chain abstraction technology that combines liquidity from various blockchain ecosystems, enabling seamless multi-chain DeFi trading without limits.

Quantifiable outcome

• Platform reports 10,700 daily active users, 4,000 monthly active users, and 37,000 average engagement

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature8 records

Partnerships

One partnership is on record.

• TradingViewcoreTechnology or IntegrationElys Network uses TradingView technology to display prices on charts across browser, desktop and mobile apps. TradingView provides real-time data, financial news, reports, economic calendars, and screeners.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Osmosis: Largest DEX and DeFi hub in the Cosmos ecosystem, offering spot trading, liquidity pools, and superfluid staking — directly comparable to Elys as a Cosmos-based multi-product DeFi venue.
• Injective: Cosmos-based Layer 1 with an order-book DEX, perpetuals, and spot markets; comparable to Elys in targeting multi-chain DeFi with derivatives and IBC connectivity.
• Kujira: Cosmos ecosystem DeFi platform offering spot trading, perps, and liquid staking via its FIN and BOW products — overlaps with Elys' integrated multi-product DeFi positioning on Cosmos.
• THORChain: Cross-chain liquidity network enabling native swaps between BTC, ETH, and Cosmos assets without bridging; closely comparable to Elys' Universal Liquidity Layer and native BTC exposure thesis.
• GMX: Decentralized perpetuals exchange with liquidity-provider yield model on Arbitrum/Avalanche; comparable to Elys' perpetuals (25x) and non-inflationary liquidity-provision yield mechanics.
• dYdX: Leading decentralized perpetual futures exchange (now on its own Cosmos-built chain); directly comparable to Elys' perpetuals offering and Cosmos-chain strategy.
• Astroport: Cosmos/Neutron-based AMM DEX with concentrated liquidity and multi-asset pools — comparable to Elys' AMM spot trading and multi-asset index pool design.
• Squid (Axelar): Cross-chain swap router powered by Axelar that aggregates liquidity across chains for one-click swaps; functionally comparable to Elys' Universal Liquidity Layer and one-click bridge.

Broad incumbents

• SushiSwap: Multi-chain incumbent DEX offering spot, perps (on some chains), and staking across EVM and non-EVM networks; broader portfolio player with overlapping multi-product DeFi features versus Elys.
• Uniswap: Dominant EVM AMM and DeFi liquidity venue with cross-chain deployment; sets the competitive benchmark for AMM liquidity depth that Elys' Universal Liquidity Layer must match or route around.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/elys_network
• GitHubgithub.com/elys-network
• YouTubeyoutube.com/@elys-network
• LinkedInlinkedin.com/company/elys-network

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elys Network