Elluminex – The New Decentralized Exchange Spearheading The DeFi Revolution On The TON Chain
The decentralized finance industry has evolved over the years and looks set to replace traditional finance institutions, which have faced issues of regulatory scrutiny, privacy, and security. According to Forbes, the DeFi market will be worth over $450B in 2030, over 300% growth from the current market size.
One of the blockchains that could drive this massive growth of DeFi is the TON blockchain, which is leveraging its affiliation with Telegram, which has nearly over 1 billion users. Elluminex (ELX) is a new project that is bringing DeFi to the over 950 million active users of the TON network. Some crypto gurus believe that its cross-chain solutions and unique features could drive its adoption.
What Is Elluminex And How Will It Shape DeFi Adoption On TON Network
Despite being one of the fastest-growing blockchains in the world, TON Network is underdeveloped in terms of the DeFi landscape. This is what Elluminex is trying to solve. Elluminex will leverage the over 950 million users in the network to bring DeFi to the TON blockchain, transforming the chain and taking its capabilities and vast reach to the next level.
The Elluminex DEX exchange is designed to enable cross-chain asset swapping across over 40 blockchains, allowing the instant transfer of assets at the lowest fees. Thanks to the Elluminex Token bridge, TON users will be able to access vast liquidity from most chains, reducing slippage on Elluminex and stabilizing prices in the TON ecosystem.
With that, more developers will be able to launch on the chain. This is what Uniswap brought to the Ethereum network when it launched. Notably, the Elluminex non-custodial approach, which does not require rigorous KYC processes, allows users to retain full control over their assets.
What Are The Features Triggering The Elluminex Adoption
Elluminex’s main goal is to provide a seamless and user-friendly platform that empowers users to trade, stake, farm, bridge, and track their portfolios easily. By integrating these features into a single platform, Elluminex is opening up the vast DeFi industry for both new and experienced users.
The Decentralized exchange allows users to trade a wide range of assets directly from their wallet, ensuring security and control. To enhance trading decisions, the AI-powered portfolio tracker enables users to analyze, monitor, and gain insight into their assets’ performance, while the Elluminex educational academy helps users broaden their knowledge of DeFi.
Notably, users can gain early access to new TON projects through the over-the-counter platform before they are listed in major exchanges, opening vast opportunities for users to enter high-potential projects at the nascent stage. Outside that, users can earn rewards by staking the token and providing liquidity to the ecosystem.
Elluminex vs Other DeFi Exchanges
Elluminex is designed to increase liquidity and contribute to the development of the TON ecosystem so that it can compete with popular blockchains like Solana and Ethereum. When Jupiter was launched in Solana, billion-dollar meme coins like Dogwidhat and Bonk started popping up, pushing the adoption and popularity of Solana.
However, unlike Jupiter, which has a high transaction failure rate, Elluminex allows for the instant transfer of assets. While popular DEXs like Uniswap face issues of high gas fees and frequent network congestion, Elluminex benefits from TON’s scalability, leveraging the over 950 million TON users.
Regarding cross-chain compactivity, Uniswap supports mostly ERC-20 tokens, while Elluminex enables swapping across over 40 blockchains, addressing issues of fragmented liquidity. In terms of accessibility, users are required to have an Ethereum wallet in which they store ETH for payment of gas fees. In contrast, Elluminex aims to integrate seamlessly with Telegram, allowing easy trading of assets.
Elluminex Token Set For Exponential Rallies
The Elluminex ecosystem is powered by the ELX token, which offers holders access to governance features, staking rewards of up to 18% APY, and other exclusive benefits. At the ongoing presale, the ELX token is sold for just $0.06. Given the massive features and utility, forecasters project exponential growth before the end of the presale, making it the best altcoin to buy now.
Is Elluminex The Best Altcoin To Buy Now
Data shows that the Elluminex presale is just starting, with only $300,000 raised in the ongoing cryptocurrency ICO funding. This shows that now is the best time to jump into the project and stand a chance of making profits. With its cross-chain compatibility and TON’s affiliation with Telegram with close to 1 billion users, the ELX price is likely to skyrocket soon, making it the best DeFi coin to buy now.
For more information about Elluminex (ELX) visit the links below:
Website: https://elluminex.com/
Twitter/X: https://x.com/elluminex
Telegram: https://t.me/Elluminex
