Vulcan Forged, led by CEO Louis Park and CTO Daniel Kim, announced a significant ELY economy upgrade in November 2025 to enhance incentives and align ecosystem utilities. This update aims to elevate token utility, increase staking rewards, and foster deeper integration with Vulcan-X. The upgrade has spurred discussions on potential impacts on PYR and ELY tokens. Vulcan Forged Overhauls ELY Economy for Enhanced Token Utility
The project’s announcement highlights key updates including new staking mechanics, fee redistribution, and a deepened connection with Vulcan-X. These changes are designed to optimize sustainability and user engagement. **Increased Staking & Market Impact** The upgrade has already prompted a 25% surge in ELY staking deposits, reflecting active participation from the community. This is further reflected in a 18% increase in Total Value Locked (TVL) due to heightened staking activity. Historical data suggests these changes could foster long-term market benefits, particularly for token valuation and user adoption. **A History of Success** Previous ELY token burn initiatives in 2023 and 2024 led to significant market shifts, including a 40% price increase. Experts from Kanalcoin believe this latest update has the potential to further enhance demand, platform utilization, and ultimately fuel future growth. **Disclaimer:** This information is for general knowledge only and should not be considered financial advice. Cryptocurrency investments are inherently risky. It’s recommended to conduct thorough research before making any investment decisions.