aelf
ELF
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ELF (aelf) is an established Layer 1 blockchain operating a DPoS consensus model with parallel side chains. The project demonstrates ongoing development, evidenced by the v1.12.0 upgrade announcements, modular/AI roadmap initiatives, and active protocol maintenance. Tokenomics are structurally sound with a fixed 1 billion hard cap and a 10% fee-burning mechanism, though tempered by a high 65.5% insider and foundation token concentration. The security history is relatively clean with no reported exploits, hacks, regulatory enforcement, or delistings; however, its last public CertiK audit dates back to 2021 with an unresolved major centralization finding, and the asset suffers from a ~98% unrecovered price drawdown from its historical all-time high. Market metrics indicate thin liquidity, low verified on-chain adoption, and subdued organic community engagement. No qualifying red-flag event was established, leaving the overall score to reflect the exact weighted average across all six evaluated dimensions.
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 aelf (ELF)
aelf (ELF) is a Layer 1 blockchain project founded in 2017 that utilizes a Delegated Proof-of-Stake (DPoS) consensus mechanism and a parallel side chain architecture. The network is designed to handle transaction processing and side chain indexing, with an ERC-20 representation deployed on the Ethereum blockchain alongside its native network. Token holders within the DPoS framework vote for block-producer delegates responsible for securing the ledger and validating transactions.
The ELF token has a fixed maximum supply of 1 billion tokens, all of which have been minted. It serves multiple utilities across the network, including the payment of transaction gas fees, side chain index fees, and staking for network validators. In addition, the network enforces a deflationary mechanism that burns 10% of transaction fees. Ongoing protocol maintenance has included the v1.12.0 protocol upgrade, technical roadmap developments targeting modular architecture and AI integration, a temporary maintenance pause in August 2026, and the sunsetting of its ETransfer service in February 2026.
From an investment and governance perspective, ELF faces several operational and market risks. The token has experienced a sustained price drawdown of approximately 98% from its January 2018 all-time high of roughly $2.77. In addition, token distribution reflects high insider and treasury concentration, with roughly 65.5% allocated among the Foundation, team, shareholders, and treasury. Security assessments through CertiK show a historical audit with an unresolved major finding regarding centralization and privileged access, while market activity is characterized by thin trading liquidity and limited verifiable on-chain adoption.