The Rising Stars of 2025 Crypto Market
Fantom (FTM) and Sui (SUI) were thrust into the spotlight in 2024, posting huge returns and easily climbing the cryptocurrency rankings. However, Elluminex (ELX) is set to surpass them all with its unique premise, which could revolutionize the entire DeFi space and unlock the potential of the TON blockchain. Let’s take a deeper look at why this project could become one of the hottest projects of 2025.
How Elluminex pioneered DeFi on TON
TON is the fastest growing blockchain in the Layer 1 space, directly leveraging Telegram’s massive user base of 950 million. Although TON has already carved a niche in the crypto gaming space with popular Telegram-based games like Notcoin and Hamster Kombat, it still lacks a unified DeFi solution, which means a lot of revenue is wasted. When Uniswap was released, Ethereum’s volume and availability skyrocketed, and the same happened with Binance Smart Chain and Pancake Swap. Soon, TON will have its own DeFi protocol—— Eruminics.
However, Elluminex is not just another ordinary decentralized exchange, it proposes a 360-degree ecosystem that solves all the inefficiencies commonly seen in older protocols. Through its revolutionary cross-chain bridge, Elluminex will integrate all major blockchains and allow them to connect to each other. This in turn will translate into a deep, unified liquidity pool as liquidity comes from across chains, allowing users to trade and invest with minimal slippage and significantly reduced wait times.
At the heart of the Elluminex ecosystem is the $ELX utility token, which will support key features such as governance and staking. Token holders can choose to stake their $ELX and earn up to 18% APY. This model not only guarantees long-term holding, but combined with the automatic burning mechanism, deflationary pressure will drive the price of $ELX significantly higher, allowing cryptocurrency players to benefit from staking rewards and appreciation gains.
The launch of the $ELX pre-sale has yet to be announced, but once it does, early buyers will have the opportunity to future-proof $ELX positions at a discount. Follow Elluminex’s social and official websites for the latest news.
Fantom loses money, will it fall further?
After bottoming out during the summer slump, Fantom (FTM) has soared with triple-digit gains, peaking at $1.43 a few days ago. However, Fantom faced a sharp drop, falling below $1.20 as a full market correction began. As of this writing, Fantom is down 13.5% intraday, trading at $1.15. The 90% increase in trading volume highlights the massive trading activity taking place at these levels, with approximately $950 million worth of FTM changing hands across the platforms in the past 24 hours.
Last year, Fantom completed its rebranding to Sonic, and as of yesterday, the new Layer 1 is now online. FTM holders will be able to exchange their tokens for native S tokens at a 1:1 ratio. Staking and governance features will also come online soon. This revamped Fantom ecosystem features 10,000 TPS, near-instant finality, and an upcoming $260 million airdrop, making Sonic the successor to the Fantom legacy.
Solana-Killer Sui continues to make progress
In 2024, Sui (SUI) made headlines and positioned itself as one of the leading Layer 1 platforms. This is also reflected in its stellar performance, with Sui having been in rising mode for months, breaking all-time highs multiple times in a row. Sui’s most recent peak was $4.93, but a pullback ensued as traders took profits, with Sui selling for $4.73 today, a slight increase of 1.5% from the daily time frame.
In raw numbers, Sui’s 120,000 transactions per second could pose a threat to Solana’s dominance as the fastest blockchain in the field. Just recently, Sui partnered with SatLayer to integrate Bitcoin security and liquidity into its ecosystem, enabling Bitcoin re-collateralization and DeFi (BTCfi) functionality. The partnership will unlock Bitcoin’s massive liquidity for Sui’s applications and infrastructure, provide developers with enhanced scalability, and provide users with a secure DeFi option.
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