Can the Tornado Cash Overruling Benefit DeFi Projects Like Stellar, Uniswap and New Crypto Lunex?
The Fifth Circuit Courts overruling of Tornado Cash sanctions has significant implications for DeFi projects like Stellar (XLM) and Uniswap (UNI). While experts believe it will boost privacy-focused projects, many are unsure of its benefits to new cryptos like Lunex and established tokens like UNI and XLM.
Regardless of its impact on DeFi, Lunexs focus on security and enhanced privacy features already account for some of its massive attraction to investors and the explosion in its presale phase. Read more about why Lunex trump's XLM and UNIs performance.
Lunex Network attracts investors with privacy guarantee, sells 2 billion tokens
With the rise of DeFi, users face growing security and privacy risks to their funds and data. Lunex Network (LNEX) addresses these challenges by offering innovative solutions, including a non-custodial wallet with access to over 50,000 assets across multiple blockchains. Users retain full control over their private keys, reducing risks of hacks or fund loss.
Lunex further employs advanced encryption methods and regular smart contract audits, including by Solidproof, to add further protection layers, safeguard sensitive data, and prevent breaches.
Lunex also prioritizes user privacy by minimizing data collection and eliminating reliance on centralized servers, reducing the risk of hacks or leaks. Its no-KYC policy allows users to trade, store, and manage assets anonymously.
Making waves in its presale, this new crypto is closing in on 2 billion $LNEX tokens sold and almost $3.7 million in collected funds. It is currently available at an extremely low price of $0.0033, making now an excellent time to acquire LNEX tokens.
Stellar (XLM) partners with Blockaid to upgrade security amid hacks
Blockaid, a Web3 security platform, has partnered with XLM to enhance the protection of decentralized applications (dApps) by integrating its advanced Onchain Detection and Response (ODR) technology.
The integration begins with XLMs Freighter and Lobstr wallets, which will now benefit from Blockaids real-time threat monitoring and swift response capabilities. These security features aim to fortify the Stellar (XLM) blockchain against potential vulnerabilities.
Ido Ben Natan, CEO of Blockaid, announced that the companys latest round of security enhancements is designed to alert users about potentially risky transactions, decentralized applications (dApps), or tokens.
Using Blockaid, XLM adds to its most recent security upgrade, which it partnered with Hypernative Labs. This partnership enabled Stellar to integrate advanced security features to prevent phishing attacks, fraud, and market manipulation.
These improvements will likely drive greater adoption of the Stellar network, benefiting its native token, XLM. With increasing engagement from users and projects, XLM could see a surge in demand, potentially influencing its market price.
Uniswap (UNI) upgrades security with a $15.5 million bounty
Uniswap Labs (UNI) has offered $15.5 million to identify vulnerabilities in the core smart contracts of its v4 decentralized exchange (DEX) platform. This initiative bolsters UNIssecurity and protects users' funds from potential risks.
UNIs announcement coincided with a significant price surge for its native token. Over the past week, UNI saw a 15% increase, with experts crediting the price rally to renewed optimism in the DeFi, coupled with Uniswap's proactive security measures.
Despite UNIs projection for a 30% increase and XLMs for a massive surge, Lunexssecurity measures and additional features ensure its gaining faster. Investors have locked on to the enormous potential of the project, and theyre now positioning themselves to take advantage of the huge gains fast-approaching on the horizon.
You can find more information about Lunex Network (LNEX) here:
Website: https://Lunexnetwork.com
Socials: https://linktr.ee/Lunexnetwork
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Text source: Crypto Daily™
