Lunex Network (LNEX) Raises Over $2.96M as Its Web3 Infrastructure Expands

The Web3 revolution is taking place on-chain, and that is why DeFi platforms that champion interoperability among blockchains are gaining traction.

The Web3 movement is gaining bullish momentum in the crypto market. For instance, NEAR Protocol’s layer-1 blockchain for dApps has registered a 25% uptick in the last 30 days. This growth has even seen the world’s fifth-largest telecom corporation take up a position as a validator on its network.

Bittensor (TAO) is another contender in the Web3 space with an open-source protocol that trains machine learning models. Over the last year, Bittensor’s TAO token has surged 130%, and analysts anticipate further upside as the bulls enter the crypto market.

Apart from NEAR and TAO, Lunex Network’s LNEX token is also primed to lead the Web3 revolution with its multi-chain bridge, DEX, and aggregator designed to fetch deep liquidity for efficient DeFi trading. Lunex has already raised over $2.96 million in its ongoing presale and could potentially 100x on launch day.

The Web3 revolution is taking place on-chain, and that is why DeFi platforms that champion interoperability among blockchains are gaining traction. However, most DeFi and Web3 platforms often feature complex designs that make it difficult for the average Joe to navigate. Challenges include high slippage, impermanent loss, and surging network fees.

Simply put, most legacy Web3 networks are bulky, and transactions are often delayed. Lunex Network offers a much-needed multi-chain bridge that delivers deep liquidity to its DEX, thus enabling a cost-efficient, scalable, and decent alternative to trading on a CEX.

Lunex deploys a hybrid approach that combines both on-chain and off-chain elements, thus delivering institutional-grade liquidity on a DEX. Lunex’s aggregator is capable of scouring through multiple chains to fetch the best prices. Lunex’s limitless multi-chain DEX also supports more than 50,000 currency pairs, making it easy for users to move assets across a Web3-centric network.

With an ongoing presale that has sold over 1.5 billion LNEX tokens, expert analysts anticipate further upside for LNEX once it launches on major exchanges.

Deutsche Telekom AG, the world’s fifth-largest telecom company, has just partnered with NEAR Protocol in a move to launch a node as a validator on NEAR Protocol’s network. As a leading PoS blockchain for dApp development, NEAR’s self-governed consensus algorithm is aligned with Deutsche Telekom AG’s Web3 ambition. This development has seen NEAR holders anticipate an uptick in NEAR’s performance in the crypto market. NEAR is up over 60% in the last two weeks, adding to a 30-day rally of 25%.

After a meteoric rally to a new all-time high of $757, Bittensor’s TAO dipped over 30% to its current price of $510. The last 30 days have added to TAO’s dip by 8%, with a sharp 15% drop over the last week. However, TAO’s year-to-date value is up 130% as TAO retests its ATH. With the AI sector outperforming the rest of the crypto market, could TAO surge to a new ATH this cycle?

TAO’s price is consolidating in anticipation of an uptick thanks to the growing popularity of AI projects in the crypto market. NEAR protocol, on the other hand, is already bullish. Could Lunex Network’s presale generate the most returns in this Web3 race?

You can find more information about Lunex Network (LNEX) here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork