Less Than 7% Of The Global Population Is Invested In Crypto. Can TONs Expansion Solve This?

Despite the rapid growth of crypto throughout the world, adoption rates are still relatively low. According to recent data, only about 7% of the global population owns crypto assets.

While figures in certain countries are higher than in others, this situation leaves much to be desired. However, one network could change this.

Thanks to its deep integration with Telegram, TON is in a perfect position to bring crypto to a worldwide audience. Notably, Telegrams 950 million monthly active users present a key opportunity to bring more people in. Moreover, TON is already taking major steps in that direction.

TON Holds Keys To Global Crypto Adoption

Telegrams TON is at the forefront of boosting crypto adoption worldwide. Namely, its deep integration with the messaging app exposes it to a vast audience. Currently, Telegram has about 950 million monthly active users. All of these users have easy access to Telegrams mini apps, many of which use crypto tokens and the TON blockchain.

Unlike with most DeFi applications, starting up a Telegram mini app with TON is easy. All users have to do is activate the relevant mini-app in Telegrams library. As most of these apps use blockchain networks, Telegram offers an easy way to onboard users.

This has been a huge success for TON. For instance, apps like Notcoin and Hamster Kombat have amassed millions of players. Apps like these enable players to earn crypto by just repeatedly clicking a button on the screen. What is more, players typically engage with these apps daily, meaning that their user base is very active.

Still, the real future of crypto adoption is not clicker apps, which are already losing engagement. Rather, it will likely come from real-world use cases for crypto on Telegram and TON. For instance, Telegram could become a hub for one-click payments, supporting creators, or other practical use cases. This would put TON in a strong position to be a dominant player in the future crypto mass market.

Elluminex Holds The Key To TONs Growth

Still, before TON can bring crypto mainstream, it needs to tackle several key challenges. For one, the network still faces a lack of liquidity compared to other major chains. This is because it lacks a dedicated DEX that can bridge liquidity from other chains. This is why many traders are now looking at Elluminex (ELX).

Elluminex is a dedicated decentralized exchange for TON. Enabling low slippage trading while maintaining self-custody, this exchange has several key advantages compared to alternatives. Critically, Elluminex will have over 40 cross-chain bridges for token swaps. This helps connect TON with liquidity from other chains.

This access to liquidity will likely be crucial for TONs 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 saw tenfold increases and even more. Notably, Solana rose from just $1.5 to $200 in the same year of Raydiums launch. Now, Elluminex hopes to do the same thing for TON.

What is more, increasing TONs liquidity will not only boost more than just its valuation and TVL. Elluminex will also help bring both more developers and users into its ecosystem, increasing its potential to bring crypto to the masses.

For more information about Elluminex (ELX) visit the links below:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

Text source: NullTX

Press Releases