The cryptocurrency market has transitioned into a bull season, with many coins witnessing a surge in performance. Among the top players are Ethereum and Toncoin, with the Ethereum blockchain recording a 3% yearly rise in earnings and Toncoin seeing a significant increase in trading volume while maintaining its reputation as one of the fastest-growing blockchains.
At the same time, a rising star, Elluminex, is gaining traction, intending to flip the script and transform the DeFi space with its innovative features. Let’s explore these tokens and why they are commanding attention this year.
Ethereum Records Highest Earnings In 2024
Recognized as the second largest cryptocurrency by market cap, Ethereum has been a major player in the DeFi market. However, its prominence barely rose after recording significant returns in the last year.
The Ethereum blockchain is known to host several tokens, including Tether, BNB, and Shiba Inu, amongst others. The success of these tokens, alongside other factors, has seen the Ethereum blockchain record a year-on-year increase of over 3% from 2023 to 2024.
According to a report by CoinGecko, Ethereum collected up to $2.48 billion in fees throughout 2024, closely followed by the Tron blockchain, which recorded about $2.15 billion.
Ethereum’s earnings increased by 3% compared to 2023’s $2.41 billion, suggesting a rise in transaction volume despite the cryptocurrency falling below expectations in 2024. This has made crypto gurus optimistic, and many anticipate a rise for the cryptocurrency giant.
Can Toncoin Recover And Make Waves This Bull Run?
Toncoin’s integration into Telegram’s ecosystem increased its popularity, with the social network boasting over 900 million active users. However, this has not kept Toncoin from experiencing price fluctuations. Now trading at around $5, the TON token has entered a consolidation phase,
signaling a possible breakout in the coming weeks.
Despite the market fluctuations and uncertainties surrounding Toncoin, the cryptocurrency has been named among the most promising altcoins. Its community support and previous successes have encouraged crypto gurus and crypto enthusiasts to remain optimistic.
Elluminex Set To Flip The Script With Innovative DeFi Benefits
The DeFi industry has endured many issues, including long transaction waiting times, higher fees, and slow networks. Elluminex (ELX) brings hope to the DeFi community with its innovative features and advanced technology.
Created as a cutting-edge decentralized exchange, Elluminex is set to make the TON blockchain a DeFi hub, offering solutions to the current issues that plague it. With Elluminex, users can seamlessly perform cross-chain swaps without spending much on fees while executing transactions with minimal slippage.
Additionally, Elluminex boasts a user-friendly interface and innovative features, such as an educational platform that teaches users about DeFi processes and blockchain technology.
Elluminex also features an AI-powered portfolio tracker that works as an asset management tool and allows users to trade with insight while earning rewards in ELX, the project’s native token. Users gain exclusive access to new projects on the TON blockchain, allowing them to take advantage of their early prices before they hit the crypto market.
Interestingly, ELX offers token holders exclusive benefits, including governance and staking rewards. Its token burn mechanism ensures scarcity and increases its value over time.
Can Elluminex Take Over The DeFi Market Like Ethereum And Toncoin?
Elluminex’s innovative features and advanced technology demonstrate its potential to dominate the DeFi market, rivaling top platforms in the crypto industry. Its seamless and user-friendly interface, along with other benefits like its educational platform, has positioned it as a major player in the crypto world with the potential to take over the market and lead upcoming bull runs.
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