The post This Blockchain Has Over 950+ Million Daily Users, Elluminex Will Harness Its Potential appeared on BitcoinEthereumNews.com.

As a blockchain built to interface directly with Telegram, Toncoin has emerged as a Layer 1 powerhouse in 2024, becoming one of the fastest-growing projects in the crypto space. Toncoin leverages Telegram’s 950-million user base, entering a league of its own. Since its inception, Toncoin has processed over 1 billion transactions and asserted itself as a behemoth in the crypto gaming niche, with Telegram-based titles like Notcoin and Hamster Kombat that have quickly gained viral status.  However, despite these record-breaking numbers, Toncoin has a blindspot that has yet to be addressed: a unified DeFi solution that harnesses its massive potential and unlocks a previously untapped revenue stream. Elluminex captures this first-mover advantage with an innovative all-in-one DeFi platform that is on its way to challenge the dominance of established protocols through a never-seen-before framework. Let’s dive deeper and discover why Elluminex could be the game-changer the DeFi space needs. How Elluminex Redefines DEXs One of the most poignant DeFi cruxes is the lack of true interoperability between isolated blockchains. This issue creates a wide array of inefficiencies that stunt the trading experience, most notably, the fragmentation of liquidity. This, in turn, leads to higher fees, inconvenient waiting times, and too many missed opportunities.  Despite being Toncoin-native, Elluminex is envisioned as a cross-chain protocol. Through a cutting-edge bridging solution, Elluminex integrates all major blockchains, allowing for seamless transfers powered by a deep liquidity pool. As liquidity is sourced from different chains, users will be able to swap near-instantaneously, regardless of the size of their position, while simultaneously benefiting from significantly lower slippage.  On top of this, as a decentralized exchange, Elluminex ensures anonymous trading, as no KYC is requested when using the exchange. To add another layer of security, Elluminex opts for a fully non-custodial model, allowing investors to retain complete…

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Filed under: News - @ January 19, 2025 10:10 am