Elluminex Is Bringing Innovation To The TON Blockchain In A Way Meme Coins Can’t

And for that reason, many meme coins are often very volatile and short-lasting. We’ll look into TON, DOGE, and ELX to see where smart money is investing and why.

According to a survey by YouGov and Consensys, almost 93% of people knew about crypto in 2024. And perhaps more importantly, over 82% of people felt concerned about the power of big tech companies like Meta and X. This shows that the market is ripe for a decentralized social media platform.

Surveys also revealed that one of the reasons behind resistance to using crypto on the chain was difficulty in transacting and confusion.

This is what makes the TON blockchain so appealing right now. TON runs on Telegram, an app with close to a billion active users. Meta and X have flirted with the idea of integrating a cryptocurrency, but Meta’s plans were banned and everyone is still waiting to see if DOGE will ever be integrated into X.

Even if it is, X lacks TON’s capabilities to run mini apps. Mini apps like Notcoin and Hamster Kombat brought millions of Telegram users to TON. Combining airdrops with play to earn gets a lot of users, but what happens after the game finishes? Currently, all the meme coins on TON have dropped significantly in value.

Now that TON and Telegram have made an exclusive deal, it’s up to coins and apps with more longevity, to bring value to the blockchain.

As anyone who has been in crypto for long will know, while DOGE remains a top 10 crypto, it is very sensitive to the actions of Elon Musk. The most recent twist came when the D.O.G.E (The Department of Government Efficiency) website placed a Dogecoin logo on the homepage, and then later removed it. This causes the price of DOGE to crash a bit.

Still, Dogecoin has historically peaked suddenly and dramatically in each bull run, and with interest growing in crypto, especially thanks to the pro-crypto US administration, Dogecoin could see another enormous rally.

Dogecoin has doubled more than 4 times this cycle, but crypto guru Ali Martinez points to the previous cycle’s 16,000% gains.

On the social mentoring app Slice, Martinez posted a few days ago “Dogecoin’s second leg up started on January 28, 2021, and resulted in an enormous price increase.. Today, it’s January 25, 2025, and while I can’t guarantee the pattern will repeat itself down to the exact date, the conditions are eerily similar.”

While Doge continues to be a big success, most of the meme coins that made big news in 2024 are no longer in the top 100 market cap of coins.

Viral clicker games and interactive story apps with big airdrops were a great way to introduce people to TON, but to make people stay, there needs to be more.

TON also offers people the ease of using an app they are already familiar with – Telegram – to use crypto in their everyday lives. The barrier is that much of the TON ecosystem is fragmented and hard to use at the moment.

Elluminex is going to solve a problem also identified in the Consensus survey – ease of use. With a simple and clean UI and access to essential features such as a DEX with deep liquidity, premarket access, and AI portfolio trackers, it’s a great way to onboard people to TON DeFi.

There are also plans for a learning academy so that people who want to take advantage of all the advanced features of DeFi, such as liquidity providing or options trading, can discover how for free.

As Elluminex is in presale, it offers similar upside potential to new meme coins. But with a long-term plan and real utility, which will help to improve one of the most promising blockchains of 2025.

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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