DeFi Platforms Like Uniswap and Jupiter Traders Jump Ship for Lunex Network's Crypto Presale

A new era is dawning in DeFi, and legacy DeFi platforms are starting to falter in the wake of emerging solutions. Just recently, analysts reported a dwindling bullish pressure on Uniswap’s UNI token, which has faced major resistance at the $10 mark. This declining interest in UNI has caused its trading volume to dip over 25% on some days.

Another DeFI platform struggling to recover is Jupiter’s JUP. After a devastating decline of over 43% from its ATH, JUP struggles to breach the $1.75 resistance mark. JUP’s price has moved sideways below $1.50 since April this year.

Meanwhile, a new DeFi platform has entered the scent with a utility token that offers generous rewards to holders who stake it. This DeFi platform is called Lunex Network, and its ongoing presale has sold nearly 1.5 billion LNEX tokens. At the moment, LNEX is priced at $0.0026, and analysts anticipate further upside before the presale closes.

Lunex Network’s utility token offers promising rewards to LNEX holders

Lunex Network is on track to become a leading defi platform thanks to its revolutionary multi-chain bridge that leverages non-custodial defi wallets for speedy cross-chain swaps. If you are a DeFi trader, you understand the complexities that come with most DEXs, which often lack sufficient liquidity, leading to price slippage, impermanent loss, and hefty network fees.

Lunex Network is a solution to these challenges as it is built on a hybrid model that combines both on-chain and off-chain elements, thus giving you institutional-grade liquidity on a DEX.

Lunex achieves deep liquidity through an aggregator that scours through multiple chains, thus enabling you to trade over 50,000 currency pairs on one platform. With each trade, the aggregator finds the best price, hence facilitating speedy transaction finality at negligible fees.

All you need is a non-custodial wallet address, and no registration is required. While currently in its presale, Lunex Network offers LNEX holders a generous cash-back reward program for passive income.

Uniswap’s UNI underperforms amid a bullish defi landscape

Uniswap’s UNI is struggling to breach its $10 resistance mark after a sharp decline of 80% from its $44.92 ATH. Uniswap’s developers have struggled to establish a secure cross-chain bridge as the platform lost over $2.5 billion in crypto hacks between 2021 and 2022. Now, developers are looking to multi-chain bridges as the defi platforms of the future. UNI’s price has underperformed in 2024 with a paltry 60% uptick as other DeFi utility tokens surge. 

Jupiter’s JUP fails to breach resistance despite a 35% price increase

Jupiter’s utility token is facing major resistance at the $1.25 mark as its trading volume dips over 25% on some days. While Jupiter is built on Solana’s blockchain, competitor defi platforms such as Raydium have outperformed JUP, whose price continues to languish after a 43% dip from its ATH of $2 just 10 months ago. Over the last 30 days, JUP has surged 35%, but is this uptick enough to set up a bullish resurgence?

Conclusion

Legacy Defi platforms such as Uniswap and Jupiter are struggling. Lunex’s utility token, however, represents the future of DEXs. Thanks to LNEX's cash-back staking program and its wealth of valuable features, DeFi's future may well be aligned with this innovative project.

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

Website: https://lunexnetwork.com 

Socials: https://linktr.ee/lunexnetwork