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Cryptocurrency News Articles
Lunex Network: Hybrid DEX nears $4 million in revenue after crossing 2 billion in token sales
Dec 03, 2024 at 09:16 pm
Since launching its presale, Lunex has broken several barriers in crypto. Lunex has now sold over 2 billion $LNEX tokens and is closing in on its $4 million
As the mainstream finance industry ramps up its efforts to increase the widespread adoption of cryptocurrency as a financial instrument, Lunex Network (LNEX) has emerged as a promising contender to achieve this goal. In contrast to Bitcoin and Ethereum ETFs, which have focused primarily on providing price exposure, Lunex is breaking new ground in Web3.
Discover how Lunex outshines BTC and ETH in its mission to integrate cryptocurrency into the mainstream.
After surpassing 2 billion in token sales, Lunex Network's hybrid DEX is nearing $4 million in revenue
Lunex has been breaking barriers in the crypto space ever since its presale began. Lunex has now sold more than 2 billion $LNEX tokens and is closing in on its $4 million target. As the launch approaches, investors are accumulating the tokens rapidly, and Lunex's explosive presale and surging user base have led experts to speculate that it may be outperforming ETH and BTC in the race to mainstream crypto.
Thanks to its standout features, such as no-KYC, Lunex streamlines the trading experience, reduces transaction waiting times, and offers lower costs compared to BTC and ETH. Furthermore, Lunex's hybrid DEX allows traders and investors to access over 50,000 tokens across 40 blockchain networks, facilitating trades without the need for a third party.
$LNEX holders play an active role in Lunex's governance, contributing to its growth and direction. Moreover, Lunex provides token holders with an impressive 18% APY, enhancing the token's appeal among traders and investors.
Bitcoin ETF poised for record inflows amid Trump's win
A dozen U.S. BTC exchange-traded funds are set for a record monthly net inflow as the digital asset's unprecedented rally towards $100,000 continues, fueled by President-elect Donald Trump's pro-crypto stance.
While BTC's rally has slowed in the last week, dropping to about $96,000 after briefly reaching the milestone, the token has outperformed global assets such as stocks and gold, doubling its valuation. BTC ETFs also saw a massive $6.5 billion in net inflows in November.
Following the approval of the BTC ETF by SEC Chair Gary Gensler in January, other tokens have also seen their ETFs approved, including the mid-year launch of the Ethereum ETF. With Donald Trump expected to appoint a pro-digital asset advocate to lead the agency, experts speculate that more ETF approvals will be joining BTC and ETH in 2025.
Despite BTC's bullish run, its crypto market cap dominance has decreased from 60% to 56%, leading experts to speculate that it might be altcoins' season as the crypto market cap peaks at $3.43 trillion.
Ethereum ETF inflows hit $1.1 billion in November as Ether gears up for altcoin rally
Reports indicate that November 2024 marked a record-breaking month for cryptocurrency ETFs, with Ethereum ETFs attracting $1.1 billion. Together with BTC's $6.5 billion, ETH ETF's all-time high was fueled by a surge in optimism among crypto enthusiasts.
On November 29, nine ETH ETFs collectively saw a net inflow of $333 million, led by industry giants like BlackRock and Fidelity. According to data from SosoValue, ETH ETFs attracted over $466 million during the final week of November, a significant rebound from the $71.6 million outflow recorded the previous week.
Moreover, with ETH surging by 48% over the past seven days, investors are buoyant about a potential altcoin rally.
Given Lunex's strong dedication to the community, experts are considering it as a mainstream crypto alternative to ETH and BTC.
To learn more about Lunex Network (LNEX), visit the following links:
Website: https://Lunexnetwork.com
Socials: https://linktr.ee/Lunexnetwork
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