Tron Protocol Revenue Rise by Nearly 10x to $220M; Lunex Network Raises Over 600K as Bears Takeover DOT

The Tron Network has seen impressive developments from this time last to date. According to the founder of Tron on X, Tron’s protocol revenue was apparently at $24 million around September 2022. But, having grown by a whopping 1,000%, it accumulated to $220 million in just two years.

While optimism brews around Tron (TRX) due to this milestone, Lunex Network (LNEX) a new gem among DeFi projects, is storming the presale market with a 18x growth potential and advanced multi-chain interoperability set to outperform Polkadot (DOT). 

In an attempt to eradicate all the bottlenecks usually experienced in exchange platforms, Lunex Network (LNEX) has come with its fully decentralized and non-custodial network where users can trade over 50,000 cryptocurrencies across multiple blockchain chains. Meanwhile, Lunex Network allows this without any need for KYC, personal details or third-party wallets.

One of the highlights of Lunex Network is the low fees its token holders use to trade crypto on its DEX. The allure that Lunex Network provides also stretches to its vast DeFi solutions. To be precise, Lunex Network enables a non-custodial B2B payment gateway, where businesses can accept crypto as payment and swap them to fiat currency instantly. This combined with its advanced portfolio tracker places Lunex Network among top DeFi projects.

Moreover, Lunex Network rewards its users from the revenue it gains from swapping activities. 50% of this revenue goes to its token holders as profits while the other half are reserved for exclusive rewards. Due to enticing rewards like this, experts have predicted its token to see a 50x spike on launch day. However, its $LNEX still sells at a meager $0.0013 in its second presale stage.

Following Tron’s recent milestone of a 1000% protocol revenue growth, the token has had its fair share of this positivity. The price of Tron (TRX) coin rose by over 90% year-to-date, rising from lower levels of $0.0862 to a current weekly range of $0.1606 to $0.1678.

Furthermore, the positive sentiment behind the native TRX token is high as its market cap growth and network volume were both in the green. Considering how the price of its token is currently at its highest points, Tron coin might take on newer heights in the next bull run.

Although Tron price still remains about 48% below its ATH of $0.3004 eight years ago, its 2024 trajectory indicates that there’s a possibility for it to surpass this record in due time, especially when Bitcoin resumes its growth to $100k.

Since its $11 peak price this year, Polkadot (DOT) token has maintained a very long bearish trend that has its holders pondering the stability of Polkadot (DOT)  in the future. In the past 5 months, Polkadot has sustained bearish pressure that continually drove its price to lower levels.

Having declined by over 7% in the past, Polkadot price is still following this bearish trend, awaiting a breakthrough from the broader altcoin market or Bitcoin’s positive influence. For the record, the Polkadot price has settled in a weekly price range of $4.01 to $4.50.

Nevertheless, considering Polkadot’s recent upward movements in its network volume which saw a 14.73% rise just recently, the crypto may continue accumulating interest that will eventually be enough to spark a price rally for its token.

Considering its status as a presale cryptocurrency, DeFi allure, vast potential it has to grow, and the 500% surge that has been predicted for it on launch day, Lunex Network (LNEX) will most likely hit the $1 price mark before Tron coin.

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