Nearby the village is the ancient all which was a major one hundred cities of Crete, with a population over 30,000. The administrative system of Olous was Eunomia, a type of democracy. In Olounda Tallaios worshiped Zeus, Apollo and Vritomartis a temple dedicated to her. Olounda had 11 different types of own currencies, most of which is depicted on one side Artemis Vritomartis, and the other Zeus aetoforos, or dolphin or stars. The edge of Olous continued during the first Byzantine period. The show’s Basilica Poros with wonderful mosaic, today visited and the Basilica of the pumpkin with the exquisite white marble.
Elounda currently has 2,200 residents living in 4 settlements (Schisma, Pano Elounda, Kato Elounda, Mavrikiano), most of them in Schisma and deal mainly with tourism, but also fishing.