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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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$ELY climbs above 12% after Burning more than 2.5M $ELY Tokens
$ELY, utility token of Elysium, the green & optimized blockchain solution for AI, Metaverse, NFT, & Web3 Game projects, is up more than 12% in the past 24hours, & currently trades around $0.005802, with inflow of $333.71k, & trading volume of $49.61M, as per Gate.io chart.
Elysium Blockchain has today disclosed that more than 2.5 million $ELY tokens have been burned across the platform within the past 2 weeks, following significant events across the ecosystem including the VulcanVerse chest openings & the Level 6 Staking events. The latest move decreases the token supply, with the key goal of boosting demand & the value of $ELY token.