On-chain metrics show that whales are betting big on Solana (SOL), which in turn saw it overtake Ethereum (ETH) in daily transaction fees. As Layer 1 competition is getting fierce, another project is making waves with its innovative framework that unites isolated blockchains. Let's talk about Lunex Network and why it could become one of the biggest plays of 2025.
Over the last few days, Solana climbed above $180 for the first time since July, however, this is where selling pressure intensified and Solana retraced. Buyers have stepped in and Solana is now consolidating on support. Solana (SOL) is currently selling for $166 with a 2.1% intraday decrease.
On October 28, Solana generated over $2.54 million in fees, surpassing for the first time ever Ethereum, which generated $2.07 million. Moreover, on the same day, whales purchased more than 202,400 SOL tokens for $35 million. Is Solana threatening Ethereum's undisputed dominance? Only time will tell.
After surging above $2,700 Ethereum (ETH) has dropped by more than 7%, settling at $2,515, where it found support. Ethereum is back where it started, as it returned in its summer range which began after the July sell-off. Opinions around Ethereum are mixed, as uncertainty grips the community. Long-term prospects are generally bullish, as analyst Yoddha believes that Ethereum is undervalued and a trend reversal should come soon.
Meanwhile, large buyers continue to accumulate, taking advantage of the discounted ETH price. According to IntoTheBlock, whale wallets have seen net inflows of over 598,000 ETH, worth about $1.6 billion.
Lunex Network is a non-custodial decentralized exchange that brings all major blockchains into one place. Over 50,000 assets are available for trading at lightning speed and the lowest possible fees. To ensure the most competitive prices and low slippage, instead of the increasingly obsolete Automated Market Makers (AMMs) Lunex Network leverages state-of-the-art smart contracts to source liquidity across all blockchains that it integrates.
No KYC required, no third-party wallet needed. Users can simply select the crypto pair, input the receiving address and complete the transaction. No jumping through hoops or compromising sensitive data, users will enjoy a seamless and secure trading experience.
Lunex Network grants a wide array of features hardly seen anywhere else. These include an exclusive non-custodial Lunex-branded wallet that can be operated via phone or desktop. A portfolio tracker that will allow for optimal wealth management with built-in analytics and data feeds. A premium subscription service that will grant access to advanced trading tools and special features such as cashback bonuses on every transaction.
One of Lunex Network's most lucrative aspects, however, is its revenue-sharing mechanism powered by the $LNEX token. Every week, the exchange will reinvest a portion of its profits to buy $LNEX tokens on the open market. This amount will then be redistributed as staking rewards for up to 18% APY.
Stage 5 of the $LNEX presale is now live and tokens are available for just $0.0019. So far more than $1.6 million has been raised and demand is growing rapidly.
By the end of the presale alone a 1,800% increase is expected. Once the token hits the market, Lunex Network could see a 10,000% moonshot in 2025, outperforming other majors such as Solana and Ethereum. Getting involved today could lead to incredible gains. Don't miss out!
For more on Lunex Network and its cashback offer, visit