• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Elluminex and Its Potential in the DeFi Era on the TON Blockchain

user avatar

by Giorgi Kostiuk

10 months ago

In 2024, Fantom (FTM) and Sui (SUI) captured attention with significant returns. However, Elluminex (ELX) is expected to outperform them by unlocking the potential of the TON blockchain.

How Elluminex Is Pioneering DeFi On TON

TON, the fastest-growing blockchain in the Layer 1 space, leverages Telegram's user base, but lacks a unified DeFi solution. Elluminex aims to provide this with an ecosystem solving inefficiencies in existing protocols through its cross-chain bridge, integrating major blockchains. At its core is the $ELX token, enabling governance and staking.

Challenges for Fantom: What's Next?

After a summer slump, Fantom (FTM) saw price increases but recently declined below $1.20. Trading volumes are up as the new Layer 1 named Sonic is live, offering fast transaction processing and an upcoming airdrop.

Sui Continues Its Success

Sui (SUI) has been growing steadily, reaching new highs. Recently, Sui partnered with SatLayer to integrate Bitcoin's security and liquidity into its ecosystem, enhancing DeFi capabilities.

Elluminex promises significant changes for DeFi on the TON platform, offering unique solutions for users and potential future growth.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum's Strategic Plan for Quantum Resistance Unveiled

chest

Ethereum is taking proactive steps to transition to quantum-safe cryptographic systems as part of its long-term strategy.

user avatarLuis Flores

Novadax Offers Diverse Trading Options and Passive Income Opportunities

chest

Novadax offers a variety of trading options and passive income opportunities through staking and lending.

user avatarMiguel Rodriguez

Ethereum Faces Significant Risks from Quantum Computing Advances

chest

Ethereum's security is at risk due to its reliance on elliptic curve digital signatures, which could be compromised by quantum computing advancements.

user avatarMaria Fernandez

Vitalik Buterin Highlights Quantum Resistance as a Key Focus for Ethereum

chest

Vitalik Buterin emphasizes the need for Ethereum to prepare for quantum computing threats, highlighting vulnerabilities in current cryptography.

user avatarGustavo Mendoza

Novadax Establishes Itself as a Reliable Crypto Exchange

chest

Novadax focuses on providing a stable and user-friendly trading experience, distinguishing itself from hype-driven exchanges.

user avatarArif Mukhtar

Pengu Clash Ensures Fair Play with On-Chain Verification

chest

Pengu Clash has implemented a robust system for on-chain verification of match outcomes, utilizing Elympics servers to validate every action in real-time.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.