
Toncoin (TON) is one of the fastest-growing blockchain platforms in 2024. Boasting a 100-million-strong user base and directly interfacing with Telegram and its 950-million community, Toncoin could soon surpass the likes of Tron, Avalanche, and Cardano in terms of usage.
However, on the DeFi front, Toncoin still lacks a unified solution that could unlock its full potential. This is where Elluminex (ELX) comes into play. Let’s discover how this new gem could supercharge the TON ecosystem and provide massive gains to early adopters along the way.
What you'll learn 👉
How Elluminex Stands Out In The Crowded DeFi Market
Elluminex is an exciting new decentralized platform that is set to make waves in the DeFi space and is to Toncoin what Uniswap is to Ethereum, a major driving force for utility and long-term growth. Elluminex captures the first-mover advantage within the TON ecosystem and through its revolutionary cross-chain bridge is set to claim a significant share of the broader DeFi market.
Single-chain DeFi protocols suffer from a wide array of deficiencies that make them increasingly obsolete in a space where speed and efficiency is everything. The lack of optimal interoperability between blockchains creates a cascade of other issues that most platforms have tried to solve to some extent, but none has yet come up with a final solution. Poor interoperability leads to fragmented liquidity, higher gas fees, higher slippage, long waiting times, and ultimately, many missed opportunities and unforeseen expenses.
Elluminex addresses this with its state-of-the-art framework which allows users to perform seamless transactions across all major platforms at the best possible rates. Moreover, users will retain complete custody over their assets as Elluminex does away with intermediaries. Additionally, no KYC is required, granting complete anonymity while using the exchange and reducing the possibility of data breaches to zero.
Yet to be launched, the presale of the $ELX token is already generating buzz on social media, and once greenlighted, early adopters will have the chance to build an $ELX position at discounted prices. If this weren’t enough, post-presale they will be able to stake their tokens and earn passive income for up to 18% APY as per Elluminex’s rev-share mechanism.
Toncoin Slips 5% Amid Market-Wide Dip, Sentiment Is Still Bullish
In 2024 Toncoin (TON) emerged as one of the most interesting Layer 1 platforms. Developed by the Telegram team, Toncoin follows the same vision of decentralization and privacy, while simultaneously providing a powerful platform that is attracting investors and developers alike.
Toncoin already asserted itself in the crypto gaming niche, with viral titles like Notcoin and Hamster Kombat that have gained massive traction over the past few months. Moreover, the upcoming release of the Elluminex DEX is expected to funnel massive amounts of revenue back into the Toncoin ecosystem, as it puts it at the forefront of DeFi innovation.
At the time of writing, Toncoin trades at $5.73, recording a 5% intraday increase. Currently, Toncoin seems to have found a bottom, and will likely consolidate around this mark in the upcoming week until a reversal is attempted. Zooming out however, Toncoin’s ascending structure is still intact and on the chart, TON has been moving within a bullish triangle pattern, a breakout from here would confirm a trend flip, with the next major target being $7.50.
Is The Toncoin And Elluminex Combo The Foolproof Formula For Explosive Gains In 2025?
Elluminex is designed to realize Toncoin’s untapped DeFi capabilities, and heading into one of the most bullish years in crypto history, both projects could see price increases as the cycle progresses.
Elluminex in particular could take everyone by surprise, and given its low market cap, this estimate is more than realistic.
For more information about Elluminex (ELX) visit the links below:
Website | Twitter/X | Telegram
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