Avalanche (AVAX) is simply a state-of-the-art DeFi ecosystem that provides a level for the improvement of a wide scope of blockchain and DeFi products. Hundreds of projects are already gathering connected Avalanche and the web has seen monolithic maturation successful caller months. Here are its notable highlights:
Avalanche (AVAX) has soared successful 2021, increasing by 1500% and gaining a marketplace headdress of $30 billion
Hundreds of innovative and breathtaking DeFi projects person already launched connected the web with much expected to come.
The Avalanche web is promising amended speeds and little state fees compared to Ethereum
Well, successful lawsuit you privation immoderate vulnerability successful DeFi done immoderate of the projects already moving connected Avalanche, present are 2 notable names to see today.
BenQi Finance (QI)
BenQi (QI) is simply a liquidity marketplace protocol connected Avalanche designed to facilitate the borrowing and lending of a wide scope of integer assets. The protocol has implicit $2 cardinal successful supplied assets truthful far. It has besides remained 1 of the projects bringing immense worth to Avalanche.
Data source: Tradingview.com
In fact, Ava Labs, the institution down the full Avalanche ecosystem, has invested successful BenQi. QI is the autochthonal governance token for BenQi. It was trading astatine $0.1507 astatine a property time. QI besides had a marketplace headdress oregon astir $49 million, thing that suggests much maturation imaginable could inactive beryllium unlocked successful the future.
Pangolin (PNG) is simply a decentralised speech designed for some Avalanche and Ethereum assets. The premium DEX is developed by Ava Labs and is earmarked to go 1 of the large DEXs connected the network.
Pangolin offers accelerated transaction speeds, enactment for assorted assets, and debased fees. Its autochthonal token PNG was trading astatine $0.9678 astatine property clip with a marketplace headdress of astir $66 million.