ELFi Protocol Hits $1.6 Billion Trading Volume in Two Years

ELFi Protocol, a decentralized derivatives trading platform, is celebrating its second anniversary with a significant milestone: $1.6 billion in cumulative trading volume. The platform, which launched in May 2023, has rapidly grown through continuous product innovation and community-driven development. Since its launch on the Arbitrum mainnet in August 2024, ELFi has attracted over 32,000 registered users and listed more than 230 perpetual trading pairs. The platform has also been deployed on Base, ranking among the top five derivatives platforms on both chains. Notably, ELFi has maintained zero user fund loss since its inception, highlighting its commitment to security and transparency.

To commemorate its two-year milestone, ELFi is launching a limited-time liquidity mining campaign offering up to 500% APR through its flagship liquidity product, ELFi Earn. This campaign aims to reward long-term supporters and attract new users by providing significantly boosted yields during the promotional period. The initiative underscores ELFi’s dedication to building a high-performance, transparent, and user-driven Perp DEX ecosystem.

The ELFi team emphasized that the second anniversary is not just a celebration of past achievements but a reaffirmation of their long-term mission. The platform has introduced several innovative features, including the Ultra Portfolio Margin system, which allows users to trade directly with their held assets without selling existing positions. Additionally, ELFi’s Equilibrium Liquidity Pools combine zero-risk stablecoin pools with high-yield liquidity pools, offering a uniquely efficient and capital-safe liquidity solution. The platform’s fast trading engine delivers a CEX-level trading experience with millisecond onchain execution, redefining expectations for speed and responsiveness on DEXs. ELFi also offers up to 1000x leverage, designed for high-risk takers seeking amplified exposure in volatile markets, and enables near-instant listing of new perpetual contracts, achieving the fastest listing speed across the ecosystem. Every trade, position, and yield movement on ELFi is fully traceable onchain, ensuring a truly decentralized trading experience.

ELFi’s growth has been driven by its commitment to innovation and user empowerment. The platform has attracted a growing base of loyal users drawn by its speed, transparency, and innovative features. ELFi has operated without any security incidents or user fund losses, demonstrating the strength of its onchain architecture and risk controls. The team is also upgrading its risk management systems to further enhance asset protection for users.

Looking ahead, ELFi is building toward a broader vision that includes a high-speed trading-focused L1 chain, AI-enhanced risk and trading tools, permissionless market creation, and integrated incentive models combining points and token rewards. Upcoming upgrades will also feature Account Abstraction wallet integration to streamline user onboarding. The 500% APR campaign will run through June 6, 2025 (UTC), and more details about participation, eligible pools, and reward structure can be found on the official ELFi website or through ELFi’s official social channels.

ELFi is a decentralized derivatives trading platform redefining DeFi infrastructure through its pioneering ELP liquidity architecture and portfolio margining system. Supporting over 230 assets, ELFi delivers liquidity depth comparable to top centralized exchanges, robust risk controls, and seamless capital efficiency without the complications of dual token pools. By focusing on flexibility, security, and cost-effectiveness, ELFi enables traders to manage volatility, offset PnL across positions, and execute advanced strategies with ease. Purpose-built for the next generation of Web3 users, ELFi is setting new benchmarks for innovation and performance in decentralized trading.