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Cryptocurrency News Articles
Lunex Network Gains Attention as a Powerful New Cross-Chain Platform
Dec 12, 2024 at 07:00 am
Lunex Network is gaining attention as a powerful new cross-chain platform, offering a fresh alternative to traditional exchanges like BNB and Uniswap.
BNB soared by over 10% in the last 7 days, rising from support at the 50-day Simple Moving Average (SMA) at $615 and clearing resistance at $700. This week, BNB rose by 10.36%, reaching $728. The altcoin also hit a new all-time high of $793, breaking out of its three-year range.
BNB also benefited from a reduced circulating supply, thanks to Binance’s regular token burns. Last month, over 1.7 million BNB tokens were burned, removing more than $1.07 billion worth of the asset from circulation.
Furthermore, user activity has surged, with daily active addresses hitting a three-month high. This coincides with the launch of Binance Pay in Hong Kong, allowing users to pay for goods and services at over 2,000 merchants throughout the city.
Binance recently announced Movement (MOVE) as the third project on its Aidrops Portal. According to the announcement, the airdrop distribution will be credited to users who subscribed their BNB to Simple Earn Flexible or Locked Products between December 2 and December 5.
After launching the Aidrops Portal in November, Binance introduced the first project, Hooked Protocol (HOOK), on December 1. The second project, Dora Factory (DORA), was added on December 2. Both projects saw strong interest from the Binance community.
Uniswap Sets A New Trading Volume Record
In November, Uniswap experienced remarkable growth, bringing substantial gains to its investors. Analytic charts revealed that Uniswap set a new monthly trading volume record on Ethereum layer-2 networks. This achievement was fueled by DeFi enthusiasts returning to the Uniswap ecosystem.
Uniswap processed $38 billion in trading volume across major layer-2 networks during the month of November. This beat Uniswap’s previous record of $4 billion set in March.
Consequently, Uniswap is now the sixth largest protocol by fees, with over $90 million within the last month alone. The surge in activity has also benefited Uniswap’s price. The token’s price climbed by 21.75% within the last week to trade at $15.57.
How Lunex Network Eliminates Friction in Cross-Chain Crypto Swaps
Lunex Network ($LNEX) is a dynamic trading platform for companies, developers and traders in decentralized finance (DeFi). Operating on a "build once, deploy everywhere" principle, Lunex Network is designed to integrate with any blockchain.
As a centralized exchange (CEX) and decentralized exchange (DEX) aggregator, Lunex Network combines the strengths of both trading models to create a hybrid solution. It connects users to DEXs, CEXs and NFT marketplaces across multiple chains.
Lunex Network’s native token, $LNEX, is designed for stability and growth in volatile markets. Capped at 8 billion tokens, $LNEX is burned during each trade on the platform, contributing to its deflationary nature.
Lunex Network is notable for its profit-sharing model, where holders receive 18% of the platform’s earnings, a form of passive income along with $LNEX token appreciation for holders.
With a user-friendly interface and advanced trading tools, Lunex Network caters to both beginners and experienced traders. The platform utilizes advanced smart contracts to allow real-time swaps of over 50,000 assets at low gas fees.
The low-fee and easy-to-use solutions are equally attractive to casual and professional traders. Privacy and security are central to Lunex Network’s appeal, as users can trade anonymously without Know Your Customer (KYC) requirements or third-party wallet connections, reducing data risks and enhancing security.
Advanced users can benefit from Lunex Pro, which offers live data analytics, custom trading strategies and faster execution for high-volume trades. Businesses also get value from Lunex Network’s merchant payment gateway, allowing cryptocurrency payments with automated fiat conversion.
Priced at $0.0038, $LNEX is garnering attention from investors and analysts, who predict a 2,000% rise by 2025. With privacy, technological innovation and business tools, Lunex Network is redefining the future of decentralized finance.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Disclaimer:info@kdj.com
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