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NEAR Protocol, Bittensor, and Lunex: Web3 Giants Making Big Moves in Crypto Market

By Alex Morrison
From Crypto News Flash

NEAR Protocol, Bittensor, and Lunex: Web3 Giants Making Big Moves in Crypto Market

The Web3 movement is gaining momentum, and the crypto market has never been more bullish. For instance, NEAR Protocol's layer-1 blockchain for dApps has registered a 25% uptick in the last 30 days. NEAR Protocol's growth has even seen the world's fifth-largest telecom corporation take up a position as a validator on its network.

The Web3 revolution is taking place on-chain, and that is why DeFi platforms that champion interoperability among blockchains are gaining traction. However, most DeFi and Web3 platforms often feature complex designs that make it difficult for the average Joe to navigate. Challenges include high slippage, impermanent loss, and surging network fees.

Simply put, most legacy Web3 networks are bulky, and transactions are often delayed. Lunex Network offers a much-needed multi-chain bridge that delivers deep liquidity to its DEX, thus enabling a cost-efficient, scalable, and decent alternative to trading on a CEX.

Lunex deploys a hybrid approach that combines both on-chain and off-chain elements, thus delivering institutional-grade liquidity on a DEX. Lunex's aggregator is capable of scouring through multiple chains to fetch the best prices. Lunex's limitless multi-chain DEX also supports more than 50,000 currency pairs, making it easy for users to move assets across a Web3-centric network. With an ongoing presale that has sold over 1.5 billion LNEX tokens, expert analysts anticipate further upside for LNEX once it launches on major exchanges.

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