The crypto market has witnessed rapid growth this year triggered mostly by the growing interest in meme coins. While some attribute this bullish run to the approval of the Bitcoin and Ethereum Spot ETFs earlier in the year, others believe the adoption of cryptos for payment is what is spurring crypto investment. 

While Shiba Inu and Near Protocol have seen impressive year-to-date growth metrics, Lunex Network might outrank them soon. Lunex Network is a project built to solve the complex issues traders face in exchanges, such as security, privacy, and blockchain compatibility. Given its strong use case in the exchange, the LNEX token is anticipated to rise by 50x soon. 

Lunex Network: A New Platform for DeFi Investors

Lunex Network (LNEX) is a next-generation DeFi trading exchange designed to solve major issues people encounter in exchanges like Binance. At Lunex Network, users can trade over 50,000 crypto pairs without worrying about rigorous KYC checks or wallet connections. All a trader needs to do is input the receiving address and initiate transactions. 

Issues of blockchain interoperability are resolved as the Lunex Network trading exchange is developed to bring blockchains together and allow for easy trading and swapping of digital assets. The DeFi wallet allows traders to buy, sell, and swap cryptos all from one account. Also, the portfolio tracker allows users to track multiple assets such as cryptos, stocks, etc. 

The beauty of the project is the reward mechanisms, which trump the likes of Uniswap and Binance. The Lunex Network is introducing a profit-sharing model that will allow the team to use part of the revenue to buy back the LNEX tokens from the open market. From there, part of it is redistributed to LNEX token holders. 

Outside of that, token holders will access a discount on trading fees in the exchange or stake the token for as little as 30 days and earn high APY rewards. At stage 4 of the presale, the LNEX token is sold for $0.0017, up from the initial $0.0012. With this rapid growth in a short time coupled with strong utility in the ecosystem, it is expected to hit 100x in the coming months. 

Near Protocol: A Layer 1 Blockchain that Offers Decentralized Services 

Near Protocol is an innovative blockchain aimed at serving developers who want to create NFTs and dapps. The Near Protocol ecosy

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Author: Crypto Daily

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