The cryptocurrency space is constantly evolving, with new projects emerging to solve old problems.The cryptocurrency space is constantly evolving, with new projects emerging to solve old problems.

Swap LUKSO (LYX) on StealthEX: The Blockchain for the New Creative Economy Is Now More Accessible than Ever

The cryptocurrency space is constantly evolving, with new projects emerging to solve old problems. But every so often, a project comes along that doesn't just iterate, it reimagines what's possible. LUKSO is one of those projects, and we're thrilled to announce that its native cryptocurrency, LYX, is now available for instant, non-custodial exchange on StealthEX.

For too long, accessing promising new ecosystems has been a barrier for many. StealthEX removes that friction. As a non-custodial exchange platform with no registration required, StealthEX allows you to easily and securely exchange over 2,000 assets. The addition of LYX means that joining the next generation of the internet, a more creative, user-owned, and functional Web3, is now just a few clicks away.

This isn't just another coin listing. This is an invitation to explore a blockchain built for the mainstream, and this article will serve as your guide.

What Is LUKSO? A New Operating System for Your Digital Life

Imagine the history of personal computing. Powerful but complex command-line systems like Unix eventually gave way to user-friendly interfaces like Mac OS, opening the door for mass adoption. LUKSO is taking the same approach to the blockchain.

In the words of its creators, "If Ethereum is like Linux, LUKSO aims to be the Mac OS." Both are incredibly powerful systems built on similar foundational principles (the EVM), but LUKSO is designed from the ground up with user experience and real-world utility at its core.

This vision isn't accidental. LUKSO's founder, Fabian Vogelsteller, was a core developer at Ethereum and the mind behind the ERC-20 token standard, which powers thousands of digital assets today. He sees LUKSO as the continuation of Ethereum's original, broader vision—a world computer not just for finance, but for culture, community, and identity.

The Core Innovation: Universal Profiles

The centerpiece of the LUKSO ecosystem is the Universal Profile. Forget the clunky hexadecimal addresses and the disjointed experience of managing multiple wallets and social accounts. A Universal Profile is a smart contract-based, on-chain identity that is simultaneously your profile and your wallet.

Based on new standards like “ERC725 Account” and “LSP3 Universal Profile Metadata”, these profiles are a quantum leap forward:

  • You Own It: Unlike your profile on a social media site, your Universal Profile is 100% owned and controlled by you. It can't be censored or deleted by a third party.

  • It's Your Digital Hub: It acts as an aggregator for all your Web2 and Web3 activities, capable of storing information, holding digital assets, and building an on-chain reputation.

  • It's Smart: A Universal Profile can be managed by multiple keys or devices (no more panic if you lose one key!), react automatically to on-chain events, and grant specific permissions to dApps.

Universal Profiles can represent individuals, brands, communities, or even AI agents. They are the foundational layer for true digital self-sovereignty. You can see how they look and function by exploring the profiles of creators already building on LUKSO.

Building the New Creative Economy

LUKSO empowers a “new creative economy” through a suite of advanced tools built on its LUKSO Standard Proposals (LSPs). These go beyond basic tokens to enable what the project calls “Cultural Currencies” and “NFT 2.0”.

Imagine a musician issuing their own branded token that gives fans access to exclusive content, early ticket sales, and voting rights on the next album cover. Or a visual artist launching an NFT collection where the assets can evolve over time, receive updates, and have richer metadata attached. This is the world LUKSO is building, one where creators have direct, meaningful, and economically aligned relationships with their audiences.

An Ecosystem Built on Real Strength and a Bold Vision

LUKSO isn't just an idea; it's a thriving and robust network committed to authentic growth. The metrics speak for themselves:

  • Radical Decentralization: The network is secured by over 126,000 validators, and in a powerful testament to its community-first approach, the core team runs none of them.

  • Genuine Adoption: Over 29,000 Universal Profiles have already been deployed on the LUKSO mainnet, with a transaction relay service that has served more than 15,000 unique users. The team emphasizes that these are real people performing real on-chain actions, no inflated numbers or fake activity.

The future is even brighter. The team is developing a trustless bridge to Ethereum using zero-knowledge proofs and is preparing for the full release of its mobile app and “UniversalEverything.io”, a user-friendly front-end for creating and interacting with profiles.

An Easter Egg from the Core: The Story of Burnt Pix

Within this innovative ecosystem, fascinating subcultures are already forming. One of the most compelling is Burnt Pix, the first and only NFT project from former Ethereum lead developer Péter Szilágyi.

A Burnt Pix NFT is a fully on-chain, generative fractal image. But here’s the twist: owners must "refine" their fractal by sending transactions to its smart contract, with each transaction consuming gas (the network's transaction fee) to render a more complex version of the image.

This has created a phenomenon akin to digital mining. At its peak, refining Burnt Pix accounted for a staggering 40% of all gas used on the LUKSO network. The most refined pieces have consumed over 800 billion gas, the equivalent of filling every block on the blockchain for two full days. As the network gets busier and gas prices rise, achieving such high levels of refinement will become astronomically expensive, making these early pieces provably rare and valuable digital artifacts. You can see these unique NFTs on their marketplace.

How to Get LYX Instantly with StealthEX?

Ready to create your Universal Profile and join the new creative economy? Thanks to StealthEX, exchanging LYX is simple, secure, and fast.

You can swap Bitcoin (BTC), Ethereum (ETH), or hundreds of other assets for LYX in just a few steps:

  1. Navigate to the Exchange: Go to StealthEX's exchange page.

  2. Select Your Pair: Choose the asset you want to swap (e.g., BTC) and see the estimated amount of LYX you'll receive.

  3. Enter Your Wallet Address: Provide a valid LUKSO (LYX) wallet address where you want to receive your coins.

  4. Make the Swap: Send your BTC to the address provided by StealthEX. The exchange is handled automatically, and your LYX will be sent to your wallet as soon as the swap is complete.

Conclusion: Your Gateway to a More Human Web3

LUKSO represents a pivotal shift in the blockchain world, away from niche financial tools and toward a global, user-centric platform for creativity, identity, and social interaction. With its focus on seamless user experience, powerful Universal Profiles, and tools built for the modern creator, LUKSO is a project you don't want to miss.

And now, thanks to StealthEX, you don't have to. Your journey into a more intuitive, powerful, and creative Web3 is just a swap away.

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.

Market Opportunity
Moonveil Logo
Moonveil Price(MORE)
$0.002588
$0.002588$0.002588
+0.62%
USD
Moonveil (MORE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities

FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities

The post FBI says North Korea’s Kimsuky APT uses malicious QR codes to spearphish U.S. entities appeared on BitcoinEthereumNews.com. The FBI says Kimsuky APT, a
Share
BitcoinEthereumNews2026/01/10 02:55
a16z targets AI and crypto after $15B fundraising year in 2025

a16z targets AI and crypto after $15B fundraising year in 2025

The post a16z targets AI and crypto after $15B fundraising year in 2025 appeared on BitcoinEthereumNews.com. Andreessen Horowitz (a16z) secured over $15 billion
Share
BitcoinEthereumNews2026/01/10 03:13
Stablecoin Market: Urgent Warning of a Zero-Sum Future

Stablecoin Market: Urgent Warning of a Zero-Sum Future

BitcoinWorld Stablecoin Market: Urgent Warning of a Zero-Sum Future A significant warning has emerged from financial giant JPMorgan, signaling a potentially challenging future for the stablecoin market. This isn’t just a minor blip; it’s a stark reminder that the booming world of digital assets faces a critical juncture, especially for those relying on the stability of stablecoins. JPMorgan’s recent research note suggests that unless the broader cryptocurrency market expands dramatically, stablecoin issuers are heading towards a fierce ‘zero-sum game’ scenario. The Alarming Truth About the Stablecoin Market What exactly does a ‘zero-sum game’ mean for the stablecoin market? Essentially, it implies that for one stablecoin to gain market share, another must lose it. This isn’t about overall growth where everyone benefits; it’s about a fixed pie where new entrants only succeed by taking a slice from existing players. JPMorgan analysts point to a rapidly increasing number of new stablecoin projects vying for attention. Tether recently announced its unregulated stablecoin, USAT. Hyperliquid plans to launch USDH, aiming to reduce its dependence on Circle’s USDC. Even traditional fintech powerhouses like Robinhood and Revolut are developing their own stablecoins. This surge of new issuers intensifies competition significantly. While the overall stablecoin market capitalization has reached an impressive $278 billion, its share of the total crypto market has remained stagnant, averaging below 8% since 2020. This stagnation, according to JPMorgan, is a key indicator of the brewing zero-sum challenge. Why is the Stablecoin Market Becoming So Crowded? The influx of new players into the stablecoin market isn’t accidental; it’s driven by various strategic motivations. Many projects aim to gain greater control over their financial infrastructure and reduce reliance on third-party stablecoins. For instance, Hyperliquid’s move to USDH is a clear example of a platform seeking self-sufficiency and potentially lower operational costs. Furthermore, established fintech firms like Robinhood and Revolut see stablecoins as a natural extension of their existing services. They can integrate these digital assets into their platforms, offering new functionalities and potentially attracting a broader user base. However, this expansion comes with a caveat: if the overall crypto market doesn’t grow proportionally, these new offerings will merely fragment the existing demand, making profitability and widespread adoption harder to achieve for all. The core challenge remains the limited expansion of the total crypto market relative to the growing supply of stablecoins. This dynamic creates an environment where innovation must go hand-in-hand with genuine market expansion, not just internal competition. Navigating the Competitive Stablecoin Market Landscape So, what does this intense competition mean for users and the broader crypto ecosystem? For one, it could lead to increased innovation as issuers strive to differentiate their offerings through better features, lower fees, or enhanced security. However, it also presents potential risks, particularly if some stablecoins fail to gain traction or face liquidity issues in a highly competitive environment. Users should exercise caution and conduct thorough due diligence when choosing stablecoins. For existing giants like USDC, the entry of new competitors means they must continue to innovate and maintain their market leadership. Regulatory clarity also plays a crucial role here. As more entities enter the space, the demand for clear, consistent regulations will only grow, potentially shaping the future landscape of the stablecoin market significantly. Ultimately, the long-term health of the stablecoin ecosystem hinges on the ability of the entire cryptocurrency market to attract new capital and users. Without this broader expansion, JPMorgan’s warning of a zero-sum game could become a stark reality. In conclusion, JPMorgan’s recent warning serves as a potent reminder of the escalating competition within the stablecoin market. While innovation and new entrants are exciting, the core challenge lies in the stagnant growth of the broader crypto market. For stablecoins to truly thrive beyond a zero-sum dynamic, a significant influx of new capital and users into the entire cryptocurrency ecosystem is paramount. The future success of these digital anchors depends on collective market expansion, not just internal rivalry. Frequently Asked Questions About the Stablecoin Market Q1: What is a ‘zero-sum game’ in the context of the stablecoin market? A1: A ‘zero-sum game’ means that for one stablecoin to gain market share, another stablecoin must lose an equivalent amount. It implies that the overall market size for stablecoins is not growing, forcing issuers to compete for a fixed pool of users and capital. Q2: Why is JPMorgan concerned about the stablecoin market? A2: JPMorgan is concerned because despite the stablecoin market’s growth in total value, its share of the overall crypto market capitalization has stagnated. With many new entrants, they believe competition will intensify, leading to a zero-sum dynamic unless the broader crypto market significantly expands. Q3: Which new stablecoin issuers are mentioned in the warning? A3: The warning highlights new entrants such as Tether’s unregulated stablecoin USAT, Hyperliquid’s planned USDH, and stablecoins being developed by fintech firms Robinhood and Revolut. Q4: What could be the implications for users of stablecoins? A4: For users, increased competition could lead to more innovative features, potentially lower fees, and better services. However, it also means a greater need for due diligence to assess the stability and reliability of various stablecoins, especially if some struggle in a crowded market. Q5: How can the stablecoin market avoid a zero-sum outcome? A5: According to JPMorgan, avoiding a zero-sum outcome requires significant expansion of the broader cryptocurrency market. This means attracting new capital and users into the entire crypto ecosystem, thereby growing the ‘pie’ rather than just re-dividing existing slices. Did JPMorgan’s warning about the stablecoin market catch your attention? Share this crucial insight with your network and join the conversation about the future of digital assets. Your thoughts and perspectives are invaluable! To learn more about the latest stablecoin market trends, explore our article on key developments shaping stablecoin market institutional adoption. This post Stablecoin Market: Urgent Warning of a Zero-Sum Future first appeared on BitcoinWorld.
Share
Coinstats2025/09/19 15:45