Elluminex (ELX) can drive TON forward, just like Jupiter (JUP) drove Solana’s ecosystem. Pump.fun’s memecoin success wouldn’t have happened without Jupiter, because it solved the problem of fragmented liquidity on chain. Elluminex, currently in presale, has the potential to do the same for TON. By offering the right tools and infrastructure, Elluminex could help TON to achieve its full potential.
What you'll learn 👉
How Elluminex Can Solve TON’s Usability Puzzle
Elluminex is using a holistic approach to bring TON to where it needs to be in terms of ease of use, liquidity and advanced functionality.
A cross-chain decentralized exchange (DEX), staking, yield farming, and liquidity-providing options for TON all come together in one platform. TON has been growing but still lacks an integrated, cohesive DeFi and crypto trading experience.
And like Solana, (before Jupiter came along), TON suffers from a lack of liquidity. This translates into higher price volatility and trading challenges and means traders in profit may not be able to exit their positions quickly or at all.
Elluminex will change all this, making TON easy to use, trade, and manage assets on, and could help push TON into the next era. The ELX team comprises ex-Fantom and ex-Google employees so this is one to watch. The presale of ELX has just begun and the coin is currently for sale at a price of $0.06.
TON’s Improvement Set The Stage For Huge Growth
TON has proven its potential. Over 1 billion transactions and 100 million unique addresses show the blockchain can handle a high volume of activity. But TON’s DeFi ecosystem still faces challenges, like the ones Elluminex is trying to fix.
Meanwhile, TON has declared that all Telegram apps must be run on TON exclusively. This will help to keep the blockchain fast and secure and bring extra fees and use cases for the TON blockchain, aiding future development
In another attempt to make the blockchain safer and less confusing, TON recently announced that TON Connect is now the designated wallet integration protocol for all Telegram Mini Apps, (except for bridging). To support this shift, the TON Foundation is providing Telegram ads grants to facilitate the transition.
TON is currently trading at $5.28, up 143% on the yearly, and down 2% on the monthly.
Solana And Jupiter Show The Power Of Liquidity Aggregation
Solana’s rise in 2024 was largely due to Jupiter. Jupiter’s aggregation of liquidity across various platforms enabled Solana to become a top player in the DeFi space. Since its launch, Jupiter has processed over $2.161 trillion in trading volume and continuously provides liquidity across the Solana network.
This is likely what made Solana the chain of choice for the recent $TRump family coins, and will continue to make it a popular chain. Other bullish factors include the recent SOL spot ETF filings by Greyscale and Rex Shares, under the new administration and SEC.
According to Defilama, Solana’s TVL (Total Value Locked) is at $228 billion, up by approximately 4500% since before Jupiter’s launch. DEXes Jupiter and Raydium are in the top three biggest dApps by TVL, only beaten by liquid stacking protocol Jito.
SOL is up by 193% over the yearly chart at $255, and is in the green for all time frames, up 30% in the last week – no doubt spurred on by the many people trying to buy into TRUMP and MELANIA meme coins this week.
For more information about Elluminex (ELX) visit the links below:
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