For years, Ethereum has reigned supreme in the Web3 space. But the tides are turning much quicker. Solana’s blazing speed and scalability are gaining ground on Ethereum’s Web3 dominance. However, it’s the new DeFi underdog, Lunex Network, that’s staging a coup to upend Ethereum‘s rule with its innovative smart contract-backed AMM DEX.
Can Ethereum’s price survive this fierce competition and maintain its dominance against Solana and the new Lunex Network? The battle for the future of Web3 is on, and the stakes have never been higher, especially with the multitude of innovative Web3 crypto projects rolling out daily.
Lunex Network to supercharge DeFi revolution. Set sight on toppling ETH‘s Web3 dominance.
The crypto market has seen massive innovative development that transcends what Ethereum has to offer. One such is the smart contract-backed, innovative DeFi platform Lunex Network, which is making a huge splash in the crypto world. Ethereum and its Web3 crypto projects have laid excellent groundwork. However, this hasn’t spared DeFi from insecurity, technical complexities, and cross-chain incompatibility.
In barely a month after its introduction, Lunex Network’s meticulously crafted roadmaps prove it’s more than a cords chain non-custodial AMM DEX. It’s a DeFi revolution that perfectly meets today’s DeFi demand. Of all the Web3 crypto projects, Lunex Network stands out for its unique utility-driven propositions. Investors and traders get access to sophisticated trading tools and DeFi products.
Its unique tokenomics also offers traders a way to monetize their participation with the revenue share program. Passive earning extends to the staking opportunities and liquidity farming that this Web3 crypto project offers. In mere weeks, Lunex Network has attracted thousands of Ethereum and Web3 enthusiasts. Even analysts are predicting its presale could go 100x from its current $0.0015 price in stage three.
Solana is closing in on Ethereum Web3 dominance. Can SOL eclipse Ethereum price?
Ethereum has held the lion’s share of the Web3 crypto projects market for almost a decade—until Solana’s Proof of History-based scalability solution came in. This novel algorithm buffs up Solana’s unparalleled speed throughout time and extremely low latency—a cost-effective alternative to Ethereum‘s inefficiencies. Now, Solana‘s innovative beginning has helped it gain much ground on Ethereum‘s dominance in the Web3 crypto projects space.
According to a report by ETC Group, Solana is closing the gap exponentially and has taken up 35% of the Web3 market. That’s just 10% away from Ethereum’s 45% dominance—thanks to its continuous impressive performance. In the last quarter alone, SOL led L1 blockchains with $1B in bridged net inflow.
In fact, Standard Chartered has predicted that SOL will outperform Ethereum’s price post-US elections. But despite the competition, Ethereum’s price remains resilient on the price chart. Can Ethereum’s price survive the stiff competition? Maybe, maybe not! However, recent ecosystem developments and institutional interest from spot ETH ETFs can surely do wonders.
Conclusion
Web3 is experiencing a seismic shift, and it’s the DeFi king. Ethereum is facing formidable challenges in Solana and Lunex Network. Solana’s speed and scalability are chipping away at Ethereum‘s market share.
Meanwhile, the new Web3 crypto project Lunex Network, with its innovative DeFi solutions and user-friendly platform, is attracting Web3 enthusiasts and aiding real world adoption. Its presale is still underway in the third stage, and demand has continued to skyrocket astronomically.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
Source: https://www.crypto-news-flash.com/solana-and-lunex-network-close-gap-on-ethereums-web3-majority-hold/?utm_source=rss&utm_medium=rss&utm_campaign=solana-and-lunex-network-close-gap-on-ethereums-web3-majority-hold