ELX crypto surges over 60% ahead of Bithumb listing, what is ELX?

The ELX Crypto jumped up to 68% in the last 24 hours of negotiation before registration on Bithumb Crypto Exchange South Korean.

According to Coingecko data, the Elixir (ELX) joined a summit of $ 0.726 on March 11, while its market capitalization went from $ 100 million. Its daily trading volume increased by 154% compared to 117 million dollars.

Elx’s earnings followed today after the exchange of South Korean crypto Bithumb revealed that he would add Altcoin to its Korean Won market.

According to the Bithumb manager announcementThe trading against ELX will start at 4:00 p.m. on Tuesday March 11, 2025. Deposits and withdrawals will open within 2 hours of the opinion, but only on the Ethereum network.

Elx will have an initial price of 681 yen, and the traders must wait 33 confirmations of deposit before transactions can be processed.

Bithumb also brought some temporary restrictions on the launch. During the first five minutes, buyers cannot place orders and orders must remain between -10% and + 100% of the basic price. Automated exchanges are only triggered after the first trade.

Today’s earnings have also followed the decision of the project to open its validator program to the public, allowing participants to contribute directly to the decentralization and security of the network while earning rewards.

In addition, Elx’s current rally has extended the gains that followed its exchange lists on Bitget, Kraken, Bybit and Coinw on March 7. These one day came after its generation of tokens on March 6, 2025, which established a total supply of 1 billion ELX tokens.

What is Elx Crypto?

Elx is the native and governance token of Elixir, a modular decentralized liquidity network designed to improve the liquidity of the exchanges of command books.

Launched in October 2024, Elixir obtained a Financing round of $ 8 million Earlier in March this year, co-directed by MySten Labs and Maelstrom, with contributions from Manifold, Arthur Hayes, Amber Group, GSR, Flowdesk and others.

The Elixir ecosystem also includes Deusd, a synthetic dollar entirely guaranteed and fueled by the Elixir network, which supports the tokenization of active world by facilitating funds from institutions such as BlackRock, Hamilton LaneApollo and others in Defi.