The DeFi industry is one of the fastest-growing niches in the crypto market, with the DeFi market cap rising by 39% in the past 24 hours to $115.72B, based on CoinMarketCap data. In Q1 of 2024, the total value locked in DeFi protocols surged by 169%, showcasing the robust growth and interest in decentralized finance.

While the DeFi market is growing, the industry is facing numerous challenges that could affect its growth. That's why Elluminex is developing an all-in-one DeFi ecosystem on the TON blockchain to unlock the potential in the DeFi landscape. Through the unified DeFi hub, Elluminex will bring DeFi to a network with over 950M active users and over 1B recorded transactions.

Elluminex is a DeFi protocol designed to provide a seamless and comprehensive user experience on the TON blockchain. Despite being one of the fastest-growing blockchains and a direct rival to Solana and Ethereum, TON has yet to reach its full potential. By bringing DeFi to the TON network, Elluminex will transform the chain and boost its capabilities.

This means users will be able to tap into and utilize the vast liquidity on the TON blockchain. Given that Elluminex is bringing the cross-chain and bridging solutions required for projects to thrive on the TON network, the number of developers and projects launching on the chain will rise. That is similar to what Uniswap is bringing to the Ethereum ecosystem.

However, unlike these DeFi protocols, Elluminex is designed to solve complex problems inherent in these protocols, such as fragmented liquidity, high fees, complex interfaces, and limited access to early-stage investment opportunities. Elluminex aims to connect isolated blockchains and allow for the seamless transfer of assets between blockchains, enhancing liquidity and market access.

One of the standout features of Elluminex is the DEX, which offers low spillage, high liquidity, and advanced order types. As such, users will be able to trade with insight and earn rewards all in one place. In essence, users can trade a wide range of assets directly from their wallets without worrying about security. This opens diverse trading opportunities to explore.

Outside of that, users can earn rewards for staking the ELX token and providing liquidity to the ecosystem. Advanced trading features such as the AI portfolio tracker allow users to monitor, analyze, and gain insight into the market. This makes it easier for users to execute trades efficiently and have a seamless trading experience.

The Elluminex educational academy is designed to enhance users' knowledge of the general DeFi market, thus bringing DeFi closer to the masses. Meanwhile, there is the over-the-counter (OTC) feature, designed to allow users to gain early access to new TON projects before the official listing. This allows users to explore new projects before they bloom.

Market participants who have been in the market for a long time will notice the immense utility that Uniswap brought to Ethereum on launch, pushing the Ether price from $200 in early 2020 to over $1000 by the end of the year. This is similar to what Elluminex (ELX) will bring to the TON blockchain.

Elluminex aims to revolutionize the TON blockchain the way Uniswap revolutionized the Ethereum Network. The native token, ELX, will play an integral role in shaping the project as it will allow users to participate in governance in the Elluminex protocol. In addition, it provides other utilities and real-world values like staking.

However, even with the numerous use cases, the ELX token has a total supply of just 350M, of which 50% is already allocated for presale and 5% for buy-and-burn mechanisms. This means that Elluminex token scarcity will likely occur in the coming weeks, which will drive the ELX price up. As such, now might be the best time to join the project and stand a chance of making huge profits.

With the cross-chain bridging solution and advanced trading features, its adoption will skyrocket rapidly, which will trigger buying pressure on the ELX token. The principles of demand and supply will likely play a crucial role. Given the limited supply, it could rise greatly in 2025.

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

Elluminex is a next-generation DeFi platform built on the TON Blockchain and Ethereum, offering a seamless decentralized finance experience with innovative features. Users can engage in staking, farming, and enjoy AI-powered portfolio tools, all while participating in a cross-chain ecosystem.

Elluminex is unique in that it is bringing DeFi to the TON Network/Blockchain which at the moment is very limited in this sense with very few options available to its users. Despite this the TON Network is still the fastest growing blockchain in the world and many view it as a future powerhouse to rival Bitcoin, Ethereum and Solana.

By bringing DeFi to the TON Network, Elluminex would immediately transform the chain and take its capabilities and vast reach to the next level. Much like Uniswap did with Ethereum, Pancakeswap did with Binance Chain and Jupiter did with Solana.

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Elluminex

Andy Green

press@elluminex.com

https://elluminex.com/

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