Frequently Asked Questions (FAQ)
What is Elfa?
Who is Elfa built for?
Elfa is built for crypto-native traders who trade on information, not just charts.
Specifically:
Semi-pro traders who rely on attention signals for ideas but want fast validation before acting
Experienced traders who understand risk but want to automate parts of their workflow and avoid missing key moments when they’re offline
If you trade based on what’s happening in the world, Elfa is for you.
What is Elfa?
Elfa is a real-time crypto intelligence and trading platform that helps you understand what’s happening and act with confidence.
Elfa tracks the birth of attention across crypto - where conversations start, which tokens are gaining momentum, why they’re moving, and who’s actually worth listening to - then turns that context into actionable insight and execution.
In short: Elfa helps you trade with greater intuition.
What do people mainly use Elfa for?
Most users rely on Elfa for three core things:
Spotting opportunities early Discover tokens gaining real traction before they go mainstream by tracking organic attention as it forms.
Building conviction quickly Understand why a token is moving, assess sentiment, recent catalysts, and validate ideas without spending hours researching.
Reducing missed opportunities Stay informed and act even when you’re away from your desk - whether that’s through alerts, automation, or direct execution.
How is Elfa different from other crypto analytics tools?
Most tools focus on price, charts, or lagging indicators.
Elfa focuses on information and attention - before price reacts.
Key differences:
Tracks real, organic attention, not engineered hype
Updates in real time and supports every token in the universe - even newly launched ones
Designed for how modern traders actually operate: social-first, fast, intuitive
Where does Elfa get its data from?
Elfa processes data from multiple public sources that traders care about, including:
X (formerly Twitter)
Telegram
DEX and CEX market data
On-chain and off-chain trading signals
Other public trading-related data sources
Elfa identifies the specific tokens being discussed, extracts key insights from related data sources, and structures them into real-time intelligence.
What does "Mindshare" represent?
Mindshare represents the percentage of total crypto discussion focused on a specific token within a given time window.
Example: If ETH has 10% mindshare on the 1-hour leaderboard, it means 10% of all token mentions in the past hour were about ETH.
Can people game the leaderboard by spamming mentions?
No.
Elfa has anti-sybil and anti-spam mechanisms in place:
Repeated mentions from the same account contribute exponentially less over short periods
This prevents artificial inflation of mindshare through spam or coordinated posting
What does the Sentiment Score mean?
Sentiment Score reflects the average sentiment of all mentions for a token within a selected time period.
It is calculated by:
Analyzing the bullishness or bearishness of each mention
Averaging sentiment across all mentions in that interval
This provides directional context, not just volume.
What are Smart Accounts, CT Accounts and News Accounts?
Smart Accounts: Accounts that consistently demonstrate insight or deep thinking - such as builders, researchers, traders, and on-chain investigators.
CT Accounts: Accounts active in Crypto Twitter that contribute to market conversation but may not consistently post deep analysis.
News Accounts: Verified accounts tied to established crypto news outlets such as CoinDesk, CoinTelegraph, The Block, and others.
You can filter your feed to display only certain accounts:
Is Elfa a black box?
No.
Transparency is a core design principle when we built this.
You can see why something is trending
You can trace insights back to real conversations
Signals are meant to be understood, not blindly followed
Elfa is built to support judgment, not replace it.
Ask Elfa
What is Ask Elfa?
Ask Elfa is the core way most people experience Elfa.
It’s an AI-powered chat that allows you to:
Ask questions about tokens, markets, and narratives - including what you should do next
Instantly understand why something is moving
Validate trade ideas without switching tabs or doing manual research
Ask Elfa helps traders keep up with the market instantly and act confidently on information.
How do I earn more Ask Elfa credits?
There are many ways to earn more Ask Elfa credits every month!
Trade More: The primary way to earn more credits, is simply to trade more. The more you trade, the higher your Tier. The higher your Tier, the more credits you are given every month. (see Tiers)
Join our Trading Competition: Elfa is running our first trading competition from 14th Jan to 10th Feb 2026. Users who sign up for the competition will enjoy Silver Tier benefits for 1 month, including 10,000 Ask Elfa credits for the month.
Link Your Telegram Account to Elfa: Link your telegram account to your Elfa account to unlock an extra 150 Ask Elfa credits every month.
Early User Benefit: f you signed up to Elfa before 5 Jan 2026, you will already enjoy an extra 100 Ask Elfa credits every month.
Trading on Elfa
Can I trade directly on Elfa?
Yes.
Elfa allows you to go from understanding the market to executing a trade without leaving the platform.
If you already have the context, there’s no reason to switch apps just to act.
Elfa's trading engine is built on Hyperliquid Builder Codes. If you have a Hyperliquid wallet already, just connect and start trading!
How do I use Elfa's "Suggest Trade Setup" feature?
Start by using the "Suggest Trade Setup" in the Ask Elfa terminal or in the Ask Elfa tab on the trading terminal, and select the token you wish to trade when prompted.
When Elfa finds a high-probability setup, you get the equivalent of a senior analyst team’s output.
Visual Breakdown: See exactly where Elfa sees the move on the chart.
In-depth analysis: Understand why the trade is being suggested based on data.
The "Trade" Button: This is where you feel the magic. One click pre-fills the limit price, take-profit, and stop-loss. You maintain final control over your leverage and position size.
Ask Elfa's suggest trade autofills entry, take profit and stop loss levels when you hit Trade Input your desired trade size and hit Buy/Sell to execute your trade!
How safe is Elfa's embedded wallet?
When you use Elfa to trade, an agent wallet is generated for you which is authorized to sign trading transactions on behalf of your actual main wallet. This is similar to how Hyperliquid manages trades and orders on HyperCore.
Although we can execute your take-profit and stop-loss orders via the agent wallet, we cannot move your funds or make trades for you.
I'm facing an odd bug in the app when trying to trade. What can I do to fix it?
Some things you can try if you are facing an unknown bug on the app:
Check in with us on Telegram at the Elfa Roast Club - our devs will help you resolve the issue ASAP!
Log out and log back into the app
Clear the cache on your device
How do I clear my cache?
Desktop
You can use the shortcut Ctrl + Shift + Delete on Windows or Cmd + Shift + Delete on Mac to clear your cache.
Safari (iOS)
Open Settings > Apps > Safari.
Scroll to the very bottom and tap Advanced.
Tap Website Data.
Tap Remove All Website Data (do note that this also clears cookies).
Chrome (iOS)
Open the Chrome app and tap the three dots (...) at the bottom.
Tap Settings > Privacy and Security.
Tap Delete Browsing Data.
Check ONLY "Cached Images and Files."
Tap Delete Browsing Data at the bottom.
Chrome (Android)
Open Chrome and tap the three dots (⋮) in the top right.
Tap Settings > Privacy and security
Tap Delete browsing data.
Select the Time range (e.g., "All time").
Uncheck "Browsing history" and "Cookies and site data."
Check ONLY "Cached images and files."
Tap Delete data.
What fees does Elfa charge on trading?
Elfa's trading runs on Hyperliquid, so on the base level, Hyperliquid charges a fee based on your 14D weighted volume.
On top of that, Elfa charges a fee of 0.05% on each trade.
Trading Fees can be reduced based on your account's Tier (see Tiers).
Trading Tiers
What are Tiers?
Elfa's tier system is designed to reward active traders with lower fees and exclusive recurring perks. Your tier is determined by your total trading volume over a rolling 30-day period.
Default
N/A
0.05%
150
N/A
Member
>$5K
0.05%
500
N/A
Bronze
>$250K
0.05%
2,000
N/A
Silver
>$2.5M
0.025%
10,000
N/A
Gold
>$10M
0.025%
10,000
20%
Master
>$25M
0.025%
10,000
30%
Legend
>$100M
0.025%
Unlimited
40%
*Fee Rebates are claimable cash rebates from trading. For example, for a Gold Tier user who traded $10M in volume, they would be eligible to claim $500 in rebates (20% * 10,000,000 * 0.025%).
How do I link my Telegram Account to Elfa?
Click on the 4 squares icon on the top right corner
Click on Settings
Select Connect to Telegram
Referrals
How do I let my friends try Elfa?
Every beta user receives 20 invite codes.
You can find your unique invite link or code by clicking the “Invite” button in the top-right corner of the Elfa app.
Token
Does Elfa have a token?
No.
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