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Cross-chain DeFi protocol Lunex Network is banking on the increasing investor focus on the decentralized finance sector as a pivotal narrative that will drive the next bull run. The early whale activity is proof positive of this; thus far, the presale sold 430 million $LNEX tokens in a stage 1 early sell-out.
Lunex Network is launching a comprehensive suite of decentralized, self-custodial DeFi tools aimed at solving the long-standing problem of blockchain interoperability symptomatic of the limitations of BNB and Uniswap. Lunex Network is expected to lead the next crop of DeFi protocols ready for parabolic growth in 2024 and beyond—here’s why investors are buying into the Lunex Network IDO in a big way.
Lunex Network is making waves within the lucrative DeFi sector with the launch of its $LNEX token presale. As of stage 1,Over 430 million $LNEX tokens had already been sold, causing a sell-out within a week. Now in stage 2, the early take-up is indicative of its potential to solve the hurdles of blockchain interoperability with its robust suite of DeFi protocols. Lunex Network is launching a decentralized multi-chain swap, liquidity aggregator, and self-custodial wallet solution, allowing users to swap tokens between isolated blockchains. They can also participate in cross-chain BNB platforms and stake through the Lunex Wallet. This reduces the reliance on dealing with third-party services that have proven to be extremely vulnerable to security and hacking threats. This includes centralized and decentralized crypto exchange providers.
Lunex Network offers 50,000+ crypto pairs across 40 blockchains, allowing users to buy, sell, swap, and bridge freely under one intuitive interface. Lunex Network is removing the steep learning curve associated with DeFi. The self-custodial Lunex Wallet is expected to become a major player in the DeFi sector. This makes $LNEX a perfect opportunity to get in on a blue chip before it moons like BNB and Uniswap did in 2021. Analysts believe Lunex Network could surge to parabolic gains by solving a major blockchain conundrum.
The glory days of Binance (BNB) have come and gone after the rise of DeFi sent BNB token prices surging from a fraction of a cent to hit a new ATH of $717 last June. Binance BNB sparked hopes of another new ATH at the end of September after peaking at $612. Midway through October, BNB trades around the $575 range, failing to sustain the support at $600. However, given the recent spike in interest in DeFi, analysts believe BNB can easily draw the capital to retest $700 by EOY.
Uniswap minted its fortunes in the last bull market of 2021 when it was the undisputed leader in decentralized ERC-20 crypto exchange solutions. UNI token prices surged all the way to an ATH of $44.92 at the height of DeFi Summer in May 2021. UNI has since fallen by over 90%, trading at $7.92 as of press time on a decent 15.8% gain in the past month. Uniswap is another fallen giant that’s looking for another resurgence in DeFi to propel token prices back to historic highs. However, given its $5.4 billion market cap, a parabolic pump is highly unlikely, making Lunex Network a significantly better play at the same DeFi market.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
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