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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected
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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected

Uniswap Hits A New Trading Record As This Altcoins Gains Momentum, Will They Outperform BNB?

Bitcoinist
by Bitcoinist
Last Updated: December 11, 2024 6:00 pm
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Lunex Network is gaining attention as a powerful new cross-chain platform, offering a fresh alternative to traditional exchanges like BNB and Uniswap. As investor confidence in BNB and Uniswap wanes, Lunex Network promises enhanced security, privacy, and a seamless trading experience. With its ability to connect multiple blockchains and facilitate anonymous transactions, Lunex Network is positioning itself as a game-changing solution for retail and institutional investors looking for more control and lower costs in crypto trading.

BNB’s Price Soars By Over 10% In 7 Days

BNB has seen a sharp rise recently, bouncing from support at the 50-day SMA at $615 and surpassing resistance at $700. This week, BNB increased by over 10%, reaching $728. The altcoin also hit a new all-time high of $793, breaking out of its three-year range.  

BNB has also gained from a reduced 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 assets from circulation. Additionally, user activity has surged, with daily active addresses hitting a three-month high.  

Binance recently announced Movement (MOVE) as the third project on its Aidrops Portal. Based on the announcement, the airdrop distribution will go to users who subscribed their BNB to Simple Earn Flexible or Locked Products between December 2 and December 5.

Uniswap Hits 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 & traders in DeFi. Lunex Network’s native token, $LNEX, is designed for stability and growth in volatile markets. 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 capped supply of 8 billion tokens, Lunex Network fosters deflationary value growth as adoption rises and its ecosystem expands.

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 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.

At $0.0038, $LNEX is drawing attention as experts 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: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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