ELLIPAL wallets are fully air-gapped: they never connect to the internet or a cable, signing transactions with QR codes via a camera. Ledger devices connect through USB or Bluetooth but keep the keys in a secure element.
Air-gapping removes network attack surfaces entirely, which is appealing. Ledger counters with a certified secure element and a long public security track record. Both are strong, but the threat models differ.
ELLIPAL's QR scanning works but can be slower and fiddlier than Ledger's direct app connection. Ledger Live offers a smoother flow for buying, swapping and staking from one place.
Both support a very wide range of coins. Ledger's integration with DeFi and dApps is deeper, while ELLIPAL is popular with users who want isolation above everything.
If you want complete physical isolation, ELLIPAL is compelling. If you want a fast, polished, well-integrated experience, Ledger is the safer default.