Big Crypto Players See Discovery With New DeFi Token Set To Dominate Ton Blockchain
Ton has been one of the fastest growing blockchains in the last year, especially in the last market cycle. The block attracted a large number of users, and saw a significant increase in both transactions and DeFi TVL. Now the chain is expected to go even further.
What Uniswap did for Ethereum or Pancakeswap did for BNB is about to do a ton of new DeFi tokens. The ton-based Diffie Center Aluminex has the potential to unlock significant liquidity for ton. This will not only increase the ton price and TVL of the ecosystem, but also bring more users and developers to the network.
How Ton can challenge BNB, Solana, Ethereum.
OpenNetwork (TON) is probably one of the most underrated tokens out there. It currently holds a market cap of $15.51 billion and ranks 15th among crypto assets. As such, it's still lagging behind assets like Chainlink and Avalanche. However, this may change soon.
Tons of Telegram integration has unique benefits. Messenger app has more than one billion active users, it has great potential to promote with Web 3. Until now, tons of mini-apps have played this role, allowing users to seamlessly interact with Web3 applications.
This has already made Ton the fastest growing blockchain this year. However, due to the lack of liquidity in the network, the growth has slowed down. So far, tons of reliable Diffie hubs have been missing, as multi-chain DEX can bring liquidity to the network.
The impact of this kind of DeFi hub can be explained with other chains. For example, after Uniswap launched, Ethereum rose from $200 to nearly $1000 in less than a year. PancakeSwap had a similar effect on BNB, rising from $40 to $600 in 2021. The liquidity these DEXs have opened up has been critical to supporting the growth of these tokens. Now, Ellumines wants to do the same for tons.
How Elluminex enhances the tone ecosystem
Eluminex (LX) has the potential to take TON to the next level thanks to a series of advanced features that will appeal to experienced traders and newcomers alike. This focus is key to ensuring that Ton attracts both a high volume of merchants and a large user base.
One of the key features of Elumix is cross-chain compatibility. Built to run on 40 blockchains, the platform allows users to seamlessly transfer their assets. By seamlessly connecting Tons to other blockchains, Elluminex brings much-needed liquidity to the network.
Another key aspect is the focus on education. The platform will have both a learning center for new users as well as advanced AI features. For example, its AI-Powered Portfolio Tracker provides personalized feedback to traders, further aiding in their learning. These traits are key because they make the difference between relatively inexperienced and advanced traders.
Similarly, Elluminex also focuses on usability. One of the biggest obstacles to the growth of DeFi so far has been its complexity. Centralized exchanges, despite their drawbacks, provide a more user-friendly experience. For its part, Elluminex hopes to bring a CEX-like user experience with DeFi benefits such as self-sustaining.
All of these features show that Ton stands to gain a lot from a high-quality DEX on the platform. Moreover, an early-stage project like Eluminex is also extremely valuable if it succeeds in becoming an important part of the Ton ecosystem.
For more information about Elluminex (ELX), visit the links below:
