Binance and Uniswap are market leaders in the crypto space. Binance tops centralized exchanges, while Uniswap dominates the DEX sector. But the Lunex (LNEX) Network, a DeFi swapping dApp on Ethereum, is tipped to disrupt this order.
The Lunex Network non-custodial exchange addresses the lack of interoperability across blockchains with an innovative multichain bridge, allowing faster movement of assets and data at fractional costs.
LNEX’s potential in the DeFi sector has prompted analysts to forecast colossal gains of 10,000%, leaving duff returns to BNB and UNI.
Uniswap (UNI) market share shrinks
Per Bitget, Uniswap’s market share has crumbled from over 50% in 2023 to about 36% in 2024. That drop is reflected in the UNI’s price, which has been deteriorating since 2021.
UNI collapsed from its ATH of $45 to $3.3 during the bear market. In the recent bull run, UNI dropped the ball at $17 and has been spiraling down in the past five months to hover in the $7 zone by Sept. 25.
With more competitive DeFi dApps entering the market, Uniswap’s market share could shrink even further, dealing another blow to the UNI price.
BNB price could be eyeing the $1,000 mark
BNB had been cooling down for three months following legal issues that affected the platform and its former CEO. But after dipping to $400 in August, BNB price is on the rise again, rising to hover in the $600 region by Sept. 25.
To hit $1,000 from here, BNB needs only a 65% move for a meager 1.6x return. That makes BNB a robust portfolio anchor, but for gigantic yields, investors are betting on new tokens in the DeFi sector.
Can the Lunex Network (LNEX) DeFi exchange dApp displace Binance and Uniswap?
Lunex Network offers the simplicity and ease of a centralized exchange while maintaining the security and asset control of decentralized exchanges, offering users the best of both worlds.
Central to Lunex Network’s innovative solution is its groundbreaking multichain bridge. The cross-chain bridge integrates over 40 blockchains, including top ones like Bitcoin and Ethereum.
That creates a unified DeFi ecosystem where a large number of users can trade more than 50,000 multi-chain currency pairs. Users can also access all standard DeFi services like staking, lending, borrowing, and more.
Enabling such cross-chain interoperability reduces the complexity and security risks that users face when moving assets or sharing data across different blockchains. Accessing DeFi services from an aggregated Web3 ecosystem also makes for incredible transaction speeds at negligible costs.
The Lunex Network presale is in the first stage at $0.0013 per LNEX. With the DeFi market forecasted to grow into a $507 billion treasure chest soon, Lunex Network could easily rise into a multibillion DeFi swapping dApp even with a tiny share of this market, pumping the token price to the moon.
That’s why Analysts tout Lunex Network as the next big innovation in DeFi that could displace Binance and Uniswap with a 10,000% return!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork