A new token, Elluminex (ELX), is gaining attention as it takes on Shiba Inu and XRP.Shiba Inu (SHIB) failed to capitalize on the recent bull market and faces competition from Official Trump token.XRP experienced a significant rise due to anticipated regulatory changes and its focus on business customers.Elluminex, a TON-based DeFi hub, has the potential to transform TON's DeFi landscape and rival the growth of XRP and Shiba Inu.