Vulcan Forged, led by CEO Louis Park and CTO Daniel Kim, announced an ELY economy upgrade in November 2025 to enhance incentives and better align ecosystem utilities.
The upgrade aims to boost token utility, increase staking rewards, and enhance integration with Vulcan-X, sparking discussions on potential impacts on PYR and ELY tokens.
Vulcan Forged Overhauls ELY Economy for Enhanced Token Utility
The Vulcan Forged project announced major updates to its ELY economy. These changes aim to enhance token utility and staking rewards, benefiting long-term holders and active participants within the ecosystem.
"The ELY economy upgrade will include new staking mechanics, fee redistribution, and deeper integration with Vulcan-X. We’re optimizing for sustainability and user engagement." — Daniel Kim, CTO, Vulcan Forged
The update, led by CEO Louis Park and CTO Daniel Kim, involves new staking mechanics and fee redistribution. The enhancements are designed to integrate deeply with the Vulcan-X platform, focusing on sustainability and user engagement.
25% Surge in ELY Staking Following Economy Update
The planned ELY economy upgrade has led to increased community discussions about potential enhancements. This announcement has sparked a 25% increase in ELY staking deposits, indicating positive engagement from users and stakeholders.
Financial data highlights an 18% increase in Total Value Locked (TVL) due to rising staking activity. Historical data suggests these changes could result in long-term market benefits, especially in token valuation and user adoption.
Prior ELY Changes Boosted Market by 40%
Similar initiatives in 2023 and 2024 led to significant market shifts, including a 40% price increase after a previous ELY token burn. These events demonstrate how strategic upgrades can impact investor sentiment and market performance.
Experts at Kanalcoin suggest the latest developments could enhance token demand and platform utilization. Given current trends, there is potential for substantial benefits if similar patterns emerge with this latest economy evolution.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |