Under-the-Radar Blockchain Project Defies Crypto Downtrend, Surges 22% This Week As It Nears Mainnet Launch

Under-the-radar blockchain projects surged more than 22% this week, defying the slump in the cryptocurrency market.

LUSKO (LYXE) is an Ethereum (ETH) virtual machine blockchain that aims to revolutionize the way brands, creators and users interact on Web3.

LYXE is used for securing decentralized infrastructure, paying transaction fees, staking and intra-block production.

The project’s native token, LYXE, surged from a seven-day low of $5.85 to a one-week high of $7.16, up more than 22%.

As LUSKO approaches its mainnet launch in 2023, there will be market-challenging benefits for the token.

explain project,

We are working on the final milestone to launch the LUKSO mainnet. Currently, we are using our internal network to test the mainnet launch procedure and have all the tools needed to launch the mainnet (Validator Deposit Launchpad , node start and management tools, LYXe migrations, etc.) are under construction…

We are currently finalizing the Validator Deposit Launchpad. This will be a tool for the user to become a staking validator for her LUKSO. The node start and management tools we are building will allow any user, developer or staking service to run her LUKSO node in an easy way.

Rusco teased Another mainnet update on January 22nd.

As of this writing, LYXE is trading at $6.48. Despite this week’s rally, LYXE remains down more than 84% from its all-time high of $41.18.

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