After a little over two years, Ethereum (ETH) has overtaken TRON (TRX) as the leading blockchain for USDT transactions. The milestone hints at a possible shift in stablecoin dominance and the DeFi crypto ecosystem.
Meanwhile, Lunex Network’s DEX presale gains traction, with analysts suggesting it could benefit from Ethereum’s rising activity. As ETH news ripples through the crypto market, market experts are monitoring the response from established and emerging networks.
Lunex Network (LNEX) combines security and multi-chain liquidity for traders
Lunex Network is ready to break the rules for decentralized finance users. Unlike other decentralized exchanges, it provides a multi-chain DEX with over 50,000 currency pairs. The network's core lies in an advanced aggregation protocol sourcing liquidity from several exchanges to ensure the best rate for the user.
At the heart of this whole ecosystem is the non-custodial wallet. Lunex Network provides users with a secure environment to store, trade, and manage assets without needing to give up control. Considering the large number of data breaches that happen around the world, Lunex Network maintains decentralization, as no personal data is needed, and funds are securely stored on your device.
With the ability to stake for returns and to track portfolios in real-time through insights and analytics, Lunex Network is where traders go to maximize their investments. So far, all features have been introduced alongside the LNEX token, which enhances utility through reduced transaction fees and staking rewards.
Ethereum (ETH) reclaims Tether crown as USDT dominance shifts from TRON
Ethereum (ETH) has reclaimed its position as the leading blockchain for the Tether stablecoin (USDT), surpassing TRON (TRX) for the first time since August 2022. This shift occurred after a 10% increase in USDT supply on Ethereum, reaching $60.3 billion, while TRON's supply fell to $58.1 billion.
Despite BTC’s decline, Ethereum is projected to continue upwards after 9,892 ETH were burnt in the past week. Since the EIP-1559 upgrade, burning ETH per transaction has become a necessary characteristic for Ethereum. Over the past week, ETH price sentiments have been bullish, as net flows are up 61.33%, and active ETH addresses have crossed 575,650.
TRON (TRX) transaction volume stays strong amid market downturn
After losing its USDT dominance, TRON (TRX) has fallen out of the top 10 cryptocurrencies by market cap. Despite this setback, TRX’s daily transaction volume has constantly remained above $1 billion. This shift in dominance highlights increasing competition in blockchain ecosystems as TRX holders lose 2% of their long-term balance.
Over the past week, TRX price declined 5% while exchange netflows tanked 382.6%. TRX is now consolidating near its 10-day moving average at $0.19, a critical support level. A breach below this could expose TRX to further downside toward $0.14. On the upside, resistance remains firm at $0.23, requiring increased trading volume to regain momentum.
Conclusion
In light of the recent ETH news, Lunex Network offers a compelling profit opportunity through its ongoing presale. Currently, LNEX tokens are on sale for $0.0031 apiece after the DeFi crypto raised over $3 million in presale revenue. Invest in Lunex Network today and increase your chances of winning big prizes of up to $100,000 worth of LNEX tokens!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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