In 2024 Fantom (FTM) and Sui (SUI) took the spotlight, raking in massive returns that saw them scale the crypto ranking with ease. However, Elluminex (ELX) is set to outperform them both with its unique premise that could revolutionize the entire DeFi space and unlock the latent potential of the TON blockchain. Let’s dive deeper and discover why this project could be one of the hottest plays in 2025.
TON is the fastest-growing blockchain in the Layer 1 space, tapping directly into Telegram’s massive 950-million user base. Although TON already asserted itself in the crypto gaming niche with viral Telegram-based titles like Notcoin and Hamster Kombat, it still lacks a unified DeFi solution, meaning significant revenue is being left on the table. Ethereum’s numbers and usability skyrocketed when Uniswap was released, the same happened with Binance Smart Chain and Pancake Swap. Soon, TON will have its very own DeFi protocol — Elluminex.
However, Elluminex is not just another run-of-the-mill decentralized exchange, it brings forward a 360-degree ecosystem that addresses all inefficiencies commonly found in old-guard protocols. Through its revolutionary cross-chain bridge, Elluminex will integrate all major blockchains and allow them to interface with one another. This in turn will translate into a deep, unified liquidity pool, as liquidity is sourced from the various chains, allowing users to trade and invest with minimal slippage and greatly reduced waiting times.
At the core of the Elluminex ecosystem is the $ELX utility token, which will power key features like governance and staking. Holders of the token can opt to stake their $ELX and earn up to 18% APY. This model not only ensures long-term holding but combined with the automated burn mechanism, deflationary pressure will drive the price of $ELX much higher, allowing crypto players to to benefit from both staking rewards and appreciation gains.
The launch of the $ELX presale is yet to be unveiled, and once it is live, early buyers will have the opportunity to build a future-proof $ELX position at a discounted price. Keep an eye on Elluminex’s socials and official website to stay up to date with the latest developments.
After bottoming out during the summer slump Fantom (FTM) skyrocketed with a triple-digit surge, peaking at $1.43 just a few days ago. However, as the market-wide correction began, Fantom faced significant declines that saw it breach below $1.20. At the time of writing, Fantom trades at $1.15 following a 13.5% intraday decline. The 90% rise in trading volume underscores significant trader activity happening at these levels, and over the last 24 hours, about $950 million worth of FTM has changed hands across platforms.
Over the last year, Fantom has been finalizing its rebrand to Sonic and since yesterday, the new Layer 1 is now live. FTM holders will be able to swap their tokens for the native S token on a 1:1 ratio. Staking and governance features will also be live soon. This revamped Fantom ecosystem boasts 10,000 TPS, near-instant finality, and an upcoming $260M airdrop, positioning Sonic as the successor to Fantom’s legacy.
In 2024 Sui (SUI) topped headlines and positioned itself among the leading Layer 1 platforms. This has also been reflected by its stellar performance, as Sui has been in up-only mode for months, breaking to a new all-time high several times in a row. The latest Sui peak was at $4.93 but as traders booked profits, a pullback followed, and today, Sui sells for $4.73 with a slight 1.5% increase on the daily timeframe.
In terms of raw numbers, Sui’s 120,000 transactions per second could pose a threat to Solana’s dominion as the fastest blockchain in the space. Just recently, Sui partnered with SatLayer to integrate Bitcoin’s security and liquidity into its ecosystem, enabling Bitcoin restaking and DeFi (BTCfi) capabilities. This collaboration is set to unleash Bitcoin’s immense liquidity for Sui’s apps and infrastructure, empowering developers with enhanced scalability and users with secure DeFi options.
For more information about Elluminex (ELX) visit the links below:
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
CME Group plans to roll out cash-settled futures for Cardano (ADA), Chainlink (LINK), and Stellar…
Ethereum treasury firm Bitmine Immersion Technologies announced a $200 million equity investment in Beast Industries, the…
Brevis and BNB Chain are expanding their collaboration into privacy infrastructure by partnering with 0xbow…
Crypto banking firm Sygnum forecasts that upcoming US regulations, including the CLARITY Act and Bitcoin…
Decred has caught the market off guard with a sharp upside move, snapping out of…
Argentine crypto exchange Lemon introduced a Bitcoin-backed Visa card, letting users access peso credit without…
