Latest ELYSIA (EL) News Update

Deep Dive

1. @ELYSIA_HQ: Bitkub partnership targets Thai RWA growth bullish

"KRW-backed stablecoins and tokenized Thai assets are part of the plan... building a bridge between Thailand and Korea"
– @ELYSIA_HQ (18 Aug 2025 07:44 UTC)
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What this means: This is bullish for EL because it opens access to Thailand’s 5M+ Bitkub users, with a $10M-backed educational program and real-world asset pilots that could drive regional demand for EL’s infrastructure.

2. @ELYSIA_HQ: waveX Perp DEX collab advances RWA derivatives bullish

"Co-develop RWA-based perpetual markets... strategically allocated token supply to expand EL utility"
– @ELYSIA_HQ (17 Jul 2025 05:05 UTC)
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What this means: This is bullish as Sony-backed waveX integration gives EL governance rights and perpetual trading exposure to real-world assets, potentially increasing token burns/utility via DeFi activity.

3. @ELYSIA_HQ: Zenie’s zkTLS enables compliant stablecoins bullish

"Issue KRW stablecoins via bank transfers... keeping sensitive data private and compliant"
– @ELYSIA_HQ (21 Aug 2025 10:08 UTC)
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What this means: This is bullish because South Korea’s impending stablecoin framework could position ELYSIA’s privacy-preserving oracle as critical infrastructure, aligning with its DAO-led RWA focus.

Conclusion

The consensus on ELYSIA is bullish, driven by Southeast Asian expansion, derivatives market integration, and privacy tech aligning with regulatory trends. Watch Bitkub’s EL trading volumes post-listing (current 24h volume: $2.26M) for signs of Thai retail adoption fueling price momentum.

Deep Dive

1. Thailand RWA Expansion (August 2025)

Overview: ELYSIA is collaborating with Bitkub, Thailand’s largest licensed exchange, to pilot tokenized Thai assets (e.g., real estate, invoices) and KRW-backed stablecoins. This includes educational programs via Bitkub Academy and a proof-of-concept targeting Korean investors (ELYSIA).

What this means: This is bullish for EL as it expands use cases in Southeast Asia’s growing RWA market, potentially increasing demand for EL tokens in cross-border settlements and governance. Risks include regulatory hurdles in aligning Thai and Korean frameworks.

2. RWA Perpetual Markets (Q3 2025)

Overview: Following a strategic investment in waveX, ELYSIA is integrating $EL into the perpetual DEX and co-developing RWA-based derivatives (e.g., tokenized commodity futures). The partnership includes governance participation and shared liquidity incentives (ELYSIA).

What this means: This is neutral-to-bullish, as perpetual markets could attract speculative capital and deepen EL’s utility. However, adoption depends on proving RWA collateral reliability in volatile markets.

3. KRW Stablecoin Infrastructure (Ongoing)

Overview: ELYSIA’s Zenie oracle uses zk-TLS technology to enable compliant KRW stablecoin minting via bank transfers, already piloted with Korean institutions. The system prioritizes privacy and regulatory alignment (ELYSIA).

What this means: This is bullish long-term, as seamless fiat-to-stablecoin rails could position ELYSIA as a gateway for traditional finance. Short-term challenges include scaling user onboarding and competition from centralized alternatives.

Conclusion

ELYSIA is doubling down on RWA infrastructure with regional expansion, DeFi derivatives, and stablecoin tools. While partnerships like Bitkub and waveX signal momentum, success hinges on navigating fragmented regulations and proving real-world adoption.

How will ELYSIA balance innovation with compliance as RWA tokenization matures?

TLDR ELYSIA builds bridges between real assets and DeFi – here’s what’s new:

1. Bitkub Consortium Launch (13 August 2025) – Testing KRW stablecoin in Southeast Asia.
2. Bitkub Exchange Listing (1 August 2025) – Strategic entry into Thailand’s 5M-user market.
3. waveX Partnership (17 July 2025) – Co-developing RWA perpetual markets.

Deep Dive

1. Bitkub Consortium Launch (13 August 2025)

Overview: ELYSIA partnered with Thailand’s largest exchange, Bitkub, to pilot its KRW stablecoin and establish a cross-border RWA distribution framework between Korea and Thailand. The proof-of-concept aims to validate real-world use cases for compliant stablecoins in Southeast Asia.

What this means: This is bullish for EL because it positions the token as a bridge asset in a high-growth corridor, potentially increasing demand for EL-powered RWA services. Success could accelerate adoption across ASEAN markets.
(ELYSIA)

2. Bitkub Exchange Listing (1 August 2025)

Overview: ELYSIA secured a listing on Bitkub, Thailand’s SEC-licensed exchange with 5M users, to expand its RWA ecosystem. The move aligns with plans to develop localized stablecoins and tokenized asset services in Southeast Asia.

What this means: Direct exposure to Thailand’s retail and institutional investors could improve liquidity while validating ELYSIA’s regulatory-first approach. However, exchange listings often trigger short-term volatility before yielding sustained traction.
(ELYSIA)

3. waveX Partnership (17 July 2025)

Overview: ELYSIA made a strategic investment in waveX (a Sony-backed perpetual DEX) to integrate $EL and co-build RWA derivatives markets. The deal includes governance rights and token utility expansion.

What this means: Linking RWAs to perpetual contracts could unlock new yield opportunities, but execution risks remain high given the technical complexity of merging real-world assets with DeFi derivatives.
(ELYSIA)

Conclusion

ELYSIA is executing a two-pronged strategy: deepening DeFi integrations through waveX while pursuing regulated market expansion via Bitkub. Will Southeast Asia’s regulatory clarity and growing RWA appetite ($12.7B sector TVL) translate into measurable protocol growth?

Deep Dive

1. Key modifications

The February 15, 2023 update (ELYSIA Team) introduced two critical changes:
- Renounced minting permissions via renounceMinter function, permanently locking EL's maximum supply at 6.8B tokens
- Pauser control migration to a multisig address (0xED5d...5B4f), requiring multiple approvals for transaction halts

These changes reduced centralization risks but didn’t alter tokenomics or user-facing features.

2. Impact on users & devs

• Supply certainty: Eliminated inflationary risks, aligning with EL’s -14.84% 7-day price trend amid broader market volatility
• Governance shift: Multisig implementation added procedural friction for emergency pauses, potentially slowing crisis response but improving security
• No mandatory node upgrades or compatibility issues arose from these contract tweaks.

Conclusion

While ELYSIA’s last confirmed code change occurred over 2 years ago, the project’s Medium shows activity through May 2025 – suggesting unreported updates may exist. How might EL’s prolonged technical silence impact developer trust versus price stability (+19.39% 30D)?