With the recent ETH rally, big players have accumulated tremendous wealth and are ending the year with significant profits. However, a promising Ethereum rival, Elluminex, is coming on the TON blockchain to revolutionize the DeFi sector and take it to another level.
Elluminex is tapping into the strengths of the TON blockchain to create a universal DeFi hub that provides users with all DeFi functionalities on a single platform. Let’s examine the project and understand how it plans to improve the DeFi ecosystem.
Ethereum (ETH) Hints Breakout From Crucial Resistance
Due to enormous demand, the Ethereum price moved out of an extended triangular consolidation last month. Within a week, it surged over 40% to $3,447 but corrected to consolidate between the $3,030 and $3,226 price levels. Ethereum broke past this range and continued to rise steadily in an uptrend, reaching $4,096 in two weeks.
However, the price lost momentum in this region, and the bears pulled Ethereum down to $3,505. Due to this correction, the price had moved below the 10-day and 20-day SMA but has recovered over the past week and now trades above these short-term SMAs.
Despite the recovery, the momentum was not substantial, and Ethereum is again facing rejection near the $4,100 price level. At press time, Ethereum trades at $4,015.55, 18% below its ATH made three years ago. The MACD oscillator is slowly rising, indicating increasing bullish sentiment, and with demand returning, Ethereum shows potential to continue the uptrend.
How Elluminex (ELX) Will Impact The Future Of DeFi
The DeFi market has evolved significantly, and many people have adapted to the decentralized economy over the past few years. However, the sector is still plagued with many issues that limit its growth, such as fragmented liquidity, high transaction costs, complex processes, and a learning curve that creates entry barriers for newcomers.
Elluminex is an emerging project determined to solve these issues and revolutionize the industry by offering a unified DeFi hub on the TON blockchain. It aims to simplify DeFi and enhance user experience by creating an intuitive environment, eradicating inefficiencies.
Elluminex is developing a robust decentralized exchange that leverages the TON blockchain’s scalability and cross-chain bridging capabilities to allow efficient asset swapping. The DEX will offer peer-to-peer asset swapping with top-of-the-line security and privacy while maintaining low slippage and high transaction liquidity.
The platform will be comprehensive, but the interface will be designed to be beginner-friendly and provide a smooth trading experience for both newcomers and experienced traders. The DEX will host advanced trading functionalities such as limit orders and LP trading.
Furthermore, it will also include an AI-powered portfolio tracker that will provide real-time insights and deliver performance reports to improve users’ investment decisions. Users can use this information to stay up-to-date with the changing market conditions and better strategize with interactive charts and statistics highlighting key factors.
Can Elluminex Outshine Ethereum In 2025?
While Ethereum has contributed significantly to DeFi, it has always faced scalability and transaction speed issues. Moreover, the blockchain has considerably high gas fees and is known to be prone to network congestion during high demand.
However, Elluminex uses the TON blockchain because it is highly scalable due to its efficient architecture and infinite sharding capability. It also boasts a speed of 100,000 transactions per second at minimal fees and is thus ideal for payments and microtransactions.
The project is positioned to capture the DeFi sector and grow exponentially as the world shifts towards a decentralized economy. The presale for Elluminex’s native token, ELX, will launch soon and offer investors an opportunity to make enormous profits along with the project’s growth.
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
