The TON Blockchain Could Be A Game-Changer For DeFi, Elluminex Provides The Missing Link

24 January,2025 06:00 PM IST |  Mumbai  | 

Elluminex


In 2025, there are many blockchains available, but one in particular has the potential to change DeFi forever - The Open Network aka TON. Find out what makes TON so special and how to make the most of this up-and-coming Layer 1 blockchain.

How TON Bridges Social Media And Crypto

TON was originally developed by the messaging app Telegram, as a blockchain to overlay the app. While Elon Musk has often teased integration of Dogecoin into X, and platforms like Reddit rewarded people with crypto for contributing (until they didn't), we have yet to see a social media app fully integrate with crypto.

Until TON that is. Due to regulatory concerns, the Telegram team made the TON project open source and essentially gave it to the community. A move that made sense practically but also fitted well with the collaborative ethos of web3.

Telegram and TON have already introduced many popular tap-based games, such as Notcoin and Catizen, rewarding people with crypto airdrops in NOT and CATI. Newer games like X Empire are planning NFT drops as rewards.

And the TON token that powers the ecosystem (also called TON) has risen dramatically in price, up 152% reflecting the network's growing popularity.

Since Telegram has close to 1 billion active users, this represents a massive opportunity to bring new people into crypto and facilitate mass adoption of DeFi.

However there is a problem, even for web3 natives, TON is confusing to use, especially when it comes to managing different wallet apps, not being sure where to trade certain tokens, and no easy place to check your wallets for every token you might have.

A quick look at the inbuilt wallet app shows how few assets are available to trade, despite the fact that many more crypto assets exist.

Want to trade Eth, SOL, or XRP? With Telegram's native wallet, you can't.

ELX - The Missing Link In TON's DeFi Ecosystem?

This is where Elluminex (ELX) enters the scene.

Elluminex's plan is exactly what TON needs right now. While the blockchain has shown incredible potential, its ecosystem feels scattered.

Even for those coming from web3, figuring out TON's wallets and exchanges can be frustrating. For those without web3 experience and arriving via Telegram, it's very difficult and could deter new users.

Elluminex is aiming to solve this by becoming the DeFi hub that TON is missing. It will bring everything together in one place: swapping lots of pairs with high liquidity, staking, farming, and viewing and managing your entire portfolio using AI insights.

No need to have multiple wallets (each with different secret keys to remember!) or search for obscure exchanges just to trade top tokens like ETH, SOL, DOGE, or XRP.

With Elluminex, the process will be easy and intuitive, making TON's ecosystem far more accessible. That accessibility could unlock massive growth.

TON already has a huge user base thanks to Telegram, but barriers like confusing interfaces and limited options are holding the network back. By removing these hurdles, Elluminex will make it easier for anyone to make the most of TON's DeFi opportunities.

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

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