The last market cycle has been incredibly bullish for utility tokens. The latest regulatory news is promoting real-world applications for blockchains, and tokens are expected to benefit the most. Many of them have seen all-time highs as the cryptocurrency market cap reached a record high of $4 trillion.
Of these, Solana, Sui, and the new TON-based DeFi hub are among those with the strongest potential. With their scalable infrastructure, robust ecosystem, and numerous use cases, these tokens cannot be overlooked.
Solana sees upward momentum thanks to the strong ecosystem
Solana (Sol) It has seen an impressive performance this year, rising 211% in that period. SOL also reached her All-time high of $263.83 In early December. These are all very bullish signs on its future potential.
Throughout 2024, Solana’s total value (TVL) and volumes have been steadily rising. This resulted in Solana surpassing TRON in terms of TVL, now at $9.16 billionand network sizes. The overall strength of the network contributed to SOL’s bullish sentiment.
According to Glassnode, Solana outperformed both Ethereum and Bitcoin in Q3 and most of Q4. This was thanks to significant capital inflows into the network, as the technology and its adoption impressed investors. However, the token is currently stabilizing, with Ethereum taking the lead.
Looking at price performance, SOL has outperformed both ETH and BTC for most of Q4 2024. However, since early December, ETH has taken the lead, outperforming the other two assets.
Today, 30-day performance stands at:
Ethereum: +26.96%
Bitcoin: +17.49%
Seoul: +1.61%A clear shift in momentum. pic.twitter.com/rWdCb4goJ7
— Glassnode (@glassnode) December 16, 2024
Whether Solana needs a short-term correction or not should not discourage long-term bondholders. With its strong ecosystem and scalable infrastructure, Solana is likely to remain in a strong position among crypto assets.
Sui makes it to the ATH thanks to RWA’s entry
“Solana’s killer” but It has proven itself as one of the most promising projects out there. In December, Sui arrived All-time high of $4.93. The code recorded a growth of 686.96% Over the past year, from $0.6 to its current level of $4.8.
Developed by former Meta employees, SUI has the advantage of a robust infrastructure. Moreover, its blockchain technology is friendly to both users and developers. Recently, in particular, Sui has also seen a series of key partnerships. According to A Report from Delphi ConsultingThese partnerships open the way to new markets for Sui.
The report highlighted Sui’s integration with Ant Group’s ZAN technology. The integration enables compliant asset management, including KYC and AML, for cross-chain asset transfers. Furthermore, Sui recently ventured into real-world assets with Ant Digital, which focused on the Chinese solar sector.
Expanding real use cases for Sui has the potential to bring billions to the Sui blockchain. The RWA market is expected to grow to an amazing level $30 trillion by 2030. If Sui can capture at least a small portion of this market, it will see tremendous growth.
Elluminex is set to do a ton of overhaul
In addition to Solana and Sui, another major network with great potential is TON. This project has the unique advantage of partnering with Telegram, a messaging app with 1 billion active users. Now, a native DeFi hub for TON Iluminex (Eto×) It is set to put TON in overdrive.
TON has been the fastest growing blockchain in 2024, seeing rapid adoption thanks to the Telegram integration. release Minute telegramI-apps Enables users to interact with Web3 applications seamlessly. However, TON has since experienced a major setback, due to the arrest of Telegram CEO Pavel Durov.
However, TON is expected to see a significant rise, following the launch of the Elluminex DeFi center. With support for over 40 blockchains, the platform will provide much-needed liquidity to TON. Moreover, its user-friendly features, including an AI-powered advisor, hope to bridge the gap between new investors and professionals.
Thanks to these features, Elluminex can do for TON what Raydium did for Solana. Notably, since the launch of Raydium, Solana has risen From $1.50 to over $250 in 2021. Furthermore, this would make Elluminex an essential part of the TON ecosystem.
For more information about Eluminex (ELX) visit the links below:
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