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Elk Finance Polygon Protocol dApp DeFi

Elk Finance Polygon Protocol
dApp DeFi

Elk Finance is an Ethereum-driven dApp. The platform is a cross-chain liquidity protocol. What this means is that it aims to allow instant exchange of tokens, between different blockchains. Elk Finance is powered by Polygon. This increases the scalability aspect of the dApp.

Elk Finance Social Profiles:

Elk Finance Social Profiles:


Elk Finance dApp Analysis

Get the most important Elk Finance dApp metrics at your fingertips - analyze the in-depth charts below, evaluate dApp’s activity in different time periods & make fast, accurate decisions!

Elk Finance Smart Contract Statistics

Elk Finance dApp Technical Analysis

Elk Finance dApp is a crypto asset from the DeFi category built on the Polygon protocol. Now it’s ranked as #165 in general dApp rankings according to the user count, and #69 in the DeFi category, which gives you a good idea of how Elk Finance dApp performs among its competitors.

By analyzing Elk Finance dApp data in the last 30-day window, it’s evident that the dApp’s Balance is $0, and the Volume is bullish with $32,471. Elk Finance has generated 937 Transactions with a 94.83% drop in the 30-day period. Clearly, the Volume has been growing by 165.84% in comparison to the previous 7-day period. The data of the last 7 days show that the Elk Finance user base is 658 & has been decreasing by 4.76%.

We also recommend taking a look at the Elk Finance Activity Overview & Balance of Smart Contracts graphs to see how these important metrics fluctuate & change over time.


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FAQ

What sort of information can I get about Elk Finance with the BDG Crypto Portfolio Tracker tool?

The Crypto Portfolio Tracker tool allows you to check all of the most important crypto metrics in regards to Elk Finance, or any other dApp out there. These metrics include unique user counts, dApp volume, balance, transaction counts, DeFi statistics, smart contracts, and much more. Doing so, you'll learn that Polygon-powered Elk Finance is ranked as the #165 dApp, overall. All of the metrics can be viewed in 24-hour, 7-day, and 30-day periods.

How should I know if the Elk Finance dApp is worth tracking?

The BDG Crypto Portfolio Tracker tool provides you with all of the information that you might need to figure these things out! All you need to do is analyze the main criteria - things such as market cap, transaction counts, CAP/TVL ratio, and a few more. Probably, volume traded is the first and one of the most important metrics to start with, it shows an overall demand for the dApp tokens. You may also check how Elk Finance compares with other dApps, as well. Depending if the results satisfy you or not, you'll have a much better idea of whether or not Elk Finance is worth tracking!

How has the Elk Finance volume changed over time?

In the last 24 hours, Elk Finance had a volume of $2,797. This is a 1410.74% change compared to the previous period. In the last 7-day period, the volume of the dApp has changed by 165.84%. Lastly, if you were to look at the 30-day period, the change is around 237.29%.

What is a dApp?

A dApp is a decentralized application that runs on a P2P network, such as a blockchain, and is fueled by tokens. The main difference between dApps and regular applications is that they eliminate middlemen, meaning no single entity has control over the network. Also, dApps are transparent as data is kept public and smart contracts are open-sourced. This is true no matter if the dApp is a crypto wallet, an exchange platform, or else.

What are the main benefits of dApps?

The main benefit of dApps is that they're completely free from the control of any single authority and operate by the logic of smart contracts. This means that no individual, no matter how powerful, can control the dApp after its smart contract is launched into the blockchain. Moreover, a P2P system ensures that decentralized applications continue to run even if significant parts of the network stop operating. dApps communicate with smart contracts that make the functionality and integration of cryptocurrencies effortless.

Where can dApps be applied?

dApps can be applied in various online industries, including advertising, gaming, social media, banking, real estate, the Internet of Things, elections & voting, and so much more. The utilization of dApps is almost limitless, and their number continues to grow every day, so it's unclear what more the future will bring. BitDegree's approach makes dApp & other Web3-related information well-accessible and easily understandable for everyone globally.

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Current rank of Elk Finance is #165

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