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Trump’s World Liberty Buy Ethereum And Aave, Could Toncoin Be Next?

Trump's World Liberty Buy Ethereum And Aave, Could Toncoin Be Next?

President Donald Trump’s WLF wants people to ‘be DeFiant’, taking the financial freedom of decentralized finance to the masses. We look into the WLFI purchase so far and consider what it means for the future, to get a clue about what coin might be the next to next pump.

Ethereum And The Foundation Of DeFi

It’s no wonder that World Liberty Financial chose to buy Ethereum, as it is the chain where DeFi and web3 began, thanks to the invention of smart contracts. Since then, Ethereum has a market cap of over $408 billion and accounts for around 62% of the total value locked amongst all blockchains (as per DeFiLlama). 

Ethereum’s layer 1 system also powers many more scalable blockchains like Abritrum, Optimism, Polygon, and others, all of which are also players in the DeFi space.

Ethereum, therefore, is not just valuable for its gas function (though that is part of it), but also for what it represents – the base of most DeFi and web3 protocols and therefore in some ways, DeFi as a whole.

WLFI holds $190.20M of ETH, its biggest holding.

Aave And The WLFI Connection

Aave, one of the blue chips of the DeFi world, was one of the first purchases of the WLFI project, after Ethereum. The World Liberty Financial Website shows that a DAO vote was made to integrate Aave into their ecosystem.

Although details haven’t been finalized, many expect that a custom instance of Aave will be deployed for WLFI holders. This Aave version is highly likely to be on Ethereum. It may also be deployed on the Tron blockchain, since founder Justin Sun is a major contributor to WLFI and now holds an advisory position.

The WLFI wallet currently holds $6.80M of Aave and $10M of Tron.

Could TON Be The Next WLFI Target

All the DeFi coins in the WLFI wallet experienced a price increase after the purchases. Being able to spot which one might come next could prove lucrative.

WLFI’s gold paper talks a lot about bringing DeFi to a new generation so that “eligible

users of all backgrounds can more easily learn about, explore, and access the new financial

opportunities Web3 offers.”

TON also offers a way to draw in the masses that sound similar. Why?

Because TON runs on Telegram, the messenger and social app with close to 1 billion active users. Additionally, TON has seen a huge uptick in 2024 thanks to the popularity of mini apps like Notcoin, bringing new users into crypto.

Essentially Telegram is a very effective way to bring ordinary people into crypto and TON, with hundreds of millions of users participating in web3 due to these games and mini apps.

However, the majority of TON’s users have not yet ventured far into DeFi, with many users finding TON’s UI tricky, and others dissuaded by a lack of clarity or a key main platform or place to go.

And that brings us to the second coin on the watchlist – Elluminex – the piece of the puzzle that could make TON the next coin of choice for WLF.

Elluminex Brings DeFi To Life For Telegram Users

Elluminex has a team of crypto and ex-Silicon Valley minds, and they’ve spotted an opportunity. If they can improve the uer experience on TON, more people will be able to do DeFi. Right from their social app. 

This might include more advanced things such as trading, and liquidity providing.  Or it might be as simple as wanting to pay a friend, tip someone, or make an online purchase using crypto.

Essentially Elluminex aims to be the ‘all in one’ trading app and DeFi hub for Ton and Telegeram, improving user experience through a better interface, deeper liquidity, and cross-chain operability.

Elluminex recognizes that user experience isn’t the only barrier. For some it’s education. And for that reason, they will launch a learning academy.

Ultimately they will help fulfil Trump’s vision for the ordinary man to be able to use DeFi. And whether WLFI buys any or not, if people are bullish about DeFi, then it makes sense to be bullish about a blockchain like TON, and a comprehensive DeFi Dapp on it – thanks to Telegram’s massive user base.

Like WLFI, Elluminex is in presale, at a very early stage, but progressing quickly.

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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