ELF Leads Large-Cap Altcoins With 210% Weekly Gain
Risk appetite spread across large-cap altcoins, with seven tokens above the $100M market-cap threshold posting weekly gains of at least 45%.
aelf is a Layer 1 blockchain network that integrates artificial intelligence into its core design and is built using the C# programming language for efficiency and scalability. Its architecture is multi-layered, incorporating modular Layer 2 ZK Rollup technology intended to deliver low-cost, high-throughput transactions while maintaining a developer-friendly environment for smart contract deployment. The project was introduced publicly in December 2017 at a CoinDesk conference and is operated by a team of Web3 professionals headquartered in Singapore. Funding was raised from institutional backers including Arrington Capital, Draper Dragon, and Galaxy Digital. A testnet launched in 2018, followed by the mainnet in 2020. ELF serves as the native token of the aelf network, where it is used to pay transaction fees, secure the chain, and support on-chain governance. The project positions itself as a smart contract platform bridging Web3 and AI applications, with a focus on the Asian market. ELF is also present within the broader Ethereum and BNB Chain ecosystems.
Risk appetite spread across large-cap altcoins, with seven tokens above the $100M market-cap threshold posting weekly gains of at least 45%.
Reopening public node access is operational progress, not a security all-clear: aelf's full post-incident review is still unpublished, and node-level credential exposure remains unresolved.
aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture.
aelf (ELF) launched on 2017-09-13.
aelf (ELF) is categorised as: Aelf Ecosystem, Infrastructure, GMCI Layer 1 Index.
The official aelf site is https://aelf.com.
Most recent aelf coverage: "ELF Leads Large-Cap Altcoins With 210% Weekly Gain" — read at /en-US/a/elf-leads-large-cap-altcoins-with-210-weekly-gain.