Uniswap was launched in 2020 but its community treasury was stuck in a 4-year lock until this September. However, even after Uniswap’s massive token unlock, UNI’s price has remained relatively flat.
Launched in 2020, Uniswap is currently the top decentralized exchange with a weekly trading volume of $7.09 billion, according to crypto analytics firm Phoenix. However, despite this news, UNI's price has remained relatively flat, with a slight intra-week decline.
At the time of writing, UNI is trading at $6.55. According to Phoenix, this price action is hinting at a potential trend reversal on the Awesome Oscillator. However, analysts believe that a bullish rally is unlikely unless Uniswap breaches the $7 level.
If investors begin switching to new, better-performing exchanges, UNI's price could potentially plunge to the $4 support level in the coming weeks.
Meanwhile, a new DeFi gem is quickly gaining viral attention and stealing all the hype. Lunex Network has positioned itself with an advantageous edge over its competitors.
The platform boasts instant swaps for cryptocurrencies operating on different blockchains, community backing, and an ingenious revenue-sharing model. Lunex Network is projected to overtake the decentralized and centralized exchange market by 2025, with early investors poised to see a 1800% return upon launch.
According to Phoenix, Uniswap is set to lose its top position to a new decentralized exchange. Phoenix's analysis indicates that Lunex Network's new DeFi protocol is poised to disrupt the market permanently.
This cutting-edge exchange enables traders to swap cryptocurrencies and perform token swaps across cryptos that operate on different blockchains. Thanks to these remarkable features, Lunex Network is expected to surge over 1,800% during its ICO.
Analysts are already projecting Lunex Network to become a market leader by the end of 2024.
Unlike other platforms that require users to provide sensitive information or connect third-party wallets like MetaMask and Trust Wallet, Lunex Network simplifies the trading process with its completely anonymous and decentralized exchange mechanism.
To perform a crypto swap on Lunex Network, users can simply input the two cryptos they wish to exchange, enter a wallet address, and receive the new crypto within seconds. This user-friendly design is sure to attract both new and experienced traders alike.
In addition to prioritizing user experience, the platform also offers the lowest possible exchange costs in the market. Furthermore, traders can gain access to exclusive features such as the Lunex Network DeFi wallet, portfolio tracker, and even Lunex Network Pro, which is especially designed for experienced investors.
Aside from dominating the DEX and CEX markets, Lunex Network's native $LNEX token also provides long-term sustainability through staking rewards. Lunex Network distributes a percentage of its profits to investors, and long-term holders of LNEX can receive huge rewards with up to 18% APY.
Lunex Network has just kicked off its presale with an initial selling price of $0.0012 per token. If you're looking to get in on the future of decentralized exchanges, today might be your chance.
With half of Lunex Network’s token supply allocated to the presale, analysts are already projecting a massive 18x surge ahead of the official release. You can find more information about Lunex Network (LNEX) on their website or socials:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
The above is the detailed content of Uniswap (UNI) to Lose Top Position to Lunex Network ($LNEX) by 2025. For more information, please follow other related articles on the PHP Chinese website!