Buterin has once again teased a major upgrade to the Ethereum (ETH) network. The second phase of improvements will address some of Ethereum’s biggest historical problems: scalability and transaction costs. But recent swings shook the market, with Ordinals (ORDI) seeing a dip in market cap as the emerging Lunex Network ($LNEX) picked up speed, attracting major attention among traders in stage 2 of its presale. So what are the key features of this promising protocol, and why is it causing such a storm in the community?
Ordinals (ORDI): Recent Updates and Market Cap Dip
Ethereum is looking to strengthen its foundation, but Ordinals (ORDI) has been buffeted by recent headwinds. The Ordinals protocol enables the inscription of data such as images and text directly onto satoshis, the smallest unit of Bitcoin.
This helped Ordinals (ORDI) attract some attention upon its launch, as well as the fact that it allows NFTs and digital artifacts to be created directly on the network. Still, Ordinals has seen its market cap hit recently due to lower user activity and questions about scalability despite its initial success.
A significant limitation for Ordinals (ORDI) has been its inability to keep transaction speeds and fees low during periods of increased usage. This has slowed new inscriptions and cut into Ordinals’ trading volume.
ETH: Focusing On Scalability
Ethereum (ETH) has been focusing on improving its scalability, security, and user experience. In the upcoming “Pectra” upgrade, which is anticipated to launch in 2025, changes include raising the staking limit for validators and adding Peer Data Availability Sampling (PeerDAS) to improve rollups and reduce transaction fees.
In 2025, the Verkle Trees promise better data storage, so nodes can hold less data and sync faster. Ethereum (ETH) is also continuing to work on its long-term roadmap, including D’Arcy to scale Layer 2 solutions and Verkle trees. Between these updates Ethereum holders are hopeful that Ethereum (ETH) will receive more widespread adoption.
Lunex Network: Revenue Sharing Model Driving Investor Interest
Among the challenges confronting Ordinals and other major blockchains, Lunex Network ($LNEX) is attracting attention with its innovative features, and in particular its revenue sharing model. The Lunex Network ($LNEX) is an entirely decentralized finance (DeFi) protocol that provides cross-chain trading solutions on over 50,000 assets, and allows its token holders to profit from its success.
With the revenue sharing model, part of the profits from transaction fees, node leasing, and merchant services, are returned to $LNEX token holders. This means that anyone who holds and stakes in $LNEX tokens will receive passive income, which is a good incentive for long-term investors. Token holders get better rewards as trading volume increases on the platform.
These features set Lunex Network ($LNEX) up for wide adoption and long-term growth, representing an attractive proposition for traders looking to broaden their long-term crypto investment strategy.
Lunex Network ($LNEX) Presale Showing Dominance
With Ethereum’s (ETH) upgrades still in development and projects like Ordinals facing major scalability challenges, Lunex Network ($LNEX) is gaining major attention in the space. Currently in stage 2 of its presale, savvy analysts are predicting an explosive 1800% increase in the value of the token by the end of 2024.
Between its major utility for traders, developers, and investors alike, as well as the unparalleled interoperability the protocol offers, Lunex Network ($LNEX) is paving its way to success. For proactive traders looking to cash in, this is not a project to sleep on in 2024.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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