Despite the rapid growth of cryptocurrencies around the world, adoption rates remain relatively low. According to recent data, only around 7% of the world’s population owns crypto assets.
Although the numbers in some countries are higher than others, this situation leaves much to be desired. However, a network could change that.
With its deep integration with Telegram, TON is in an ideal position to bring crypto to a global audience. Notably, Telegram’s 950 million monthly active users represent a key opportunity to attract more people. Additionally, TON is already taking major steps in this direction.
TON Holds the Keys to Global Crypto Adoption
Telegrams TONNE is at the forefront of crypto adoption worldwide. Namely, its deep integration with the messaging app exposes it to a vast audience. Currently, Telegram has approximately 950 million monthly active users. All of these users have easy access to Telegram’s mini-apps, many of which use crypto tokens and the TON blockchain.
Unlike most DeFi apps, starting a Telegram mini app with TON is easy. Users just need to activate the corresponding mini-app in the Telegram library. As most of these apps use blockchain networks, Telegram offers an easy way to onboard users.
It was a huge success for TON. For example, apps like Notcoin and Hamster Kombat have amassed millions of players. Apps like these allow players to earn cryptocurrencies by simply repeatedly clicking a button on the screen. Additionally, gamers typically interact with these apps on a daily basis, meaning their user base is very active.
Yet the real future of crypto adoption does not lie in click-through apps, which are already losing engagement. Rather, it will come from real crypto use cases on Telegram and TON. For example, Telegram could become a platform for one-click payments, supporting creators, or other practical use cases. This would put TON in a strong position to become a dominant player in the future crypto mass market.
Elluminex holds the key to TON’s growth
However, before TON can bring cryptography into the mainstream, it must address several key challenges. On the one hand, the network still faces a lack of liquidity compared to other major chains. Indeed, it lacks a dedicated DEX capable of filling the liquidity of other chains. This is why many traders are now considering Elluminex (ELX).
Elluminex is a decentralized exchange dedicated to TON. Enabling low-slippage trading while maintaining self-custody, this swap has several key advantages over alternatives. Importantly, Elluminex will have over 40 cross-chain bridges for token swaps. This helps connect TON to liquidity on other chains.
This access to liquidity will likely be crucial to TON’s future success. So far, PancakeSwap for BNB, Raydium for Solana, and even Uniswap for Ethereum have had a similar effect. After their respective launches, the tokens increased tenfold or more. Notably, Solana went from just $1.50 to $200 the same year Raydium launched. Now, Elluminex hopes to do the same for TON.
Additionally, increasing TON’s liquidity will not only increase its valuation and TVL. Elluminex will also help attract more developers and users to its ecosystem, increasing its potential to bring crypto to the mainstream.
For more information on Elluminex (ELX), visit the links below:
Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.
