Elastos
ELA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Elastos (ELA) presents an established architecture featuring an operational DAO, public leadership, transparent token supply emission, and ongoing developer updates. However, the project's investment profile is severely compromised by catastrophic, recent protocol vulnerabilities. Specifically, the protocol suffered two major incidents in July 2026, culminating in a consensus-level monetary validation exploit: 'According to the official Elastos blog security update (July 23, 2026), a malicious transaction exploited the Fixed64 signed 64-bit integer monetary validation on the Elastos main chain... Critically, the main chain remained paused as of the update, with a safety patch and rollback procedure still being developed, tested, and prepared for independent review.' This failure required an emergency chain halt, exchange rail suspensions, and a proposed chain rollback. Compounding this, ELA suffers from thin liquidity, saturated competitive market positioning, and an absence of verified third-party audit coverage.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Elastos (ELA)
Elastos (ELA) is the native cryptocurrency of the Elastos blockchain, an infrastructure project aimed at building a decentralized internet architecture termed the "SmartWeb." Founded by Rong Chen alongside co-founder Feng Han and advisor Willson Lee, the platform utilizes a multi-layered structure that combines a mainchain with merged-mining, sidechains, and a peer-to-peer Carrier network. The ELA token functions as the primary utility asset across the ecosystem, utilized for transaction and gas fees across sidechains, digital identity services, staking, and decentralized governance. In addition to its native mainnet, wrapped representations of the token (WELA) exist as ERC-20 contracts on Ethereum.
The tokenomics of Elastos feature a maximum supply capped at 28,199,999 ELA, with over 91% of tokens in active circulation and remaining emissions governed by a halving schedule running through 2105. Consensus operates via a Bonded Proof of Stake (BPoS) mechanism supporting 69 validators, while community governance is administered through an on-chain DAO where token holders elect a 12-member Elastos Council. Thirty percent of all block rewards are directed to the DAO treasury to finance ongoing initiatives. Despite this governance structure, the token lacks token burn or deflationary mechanisms, experiences low trading liquidity, and its market price remains heavily depressed compared to its initial coin offering levels.
In July 2026, the Elastos network experienced two critical security failures. Between July 13 and July 15, 2026, an unauthorized actor exploited the cross-chain reserve mechanism, moving approximately 7.62 million ELA and leading to the pausing of the Elastos Smart Chain. On July 20, 2026, a separate consensus-level monetary validation vulnerability occurred involving a Fixed64 signed 64-bit integer overflow on the main chain, initiating at block 2,260,451. Following approximately four hours of anomalous block production, the main chain was halted at block 2,260,595. The consensus failure necessitated an emergency chain halt, suspension of exchange deposits and withdrawals, and the preparation of a safety patch and chain rollback procedure amid an absence of verified third-party audit coverage.