Pangolin Exchange To Launch On Flare, Pangolin Exchange will launch on Songbird in August and on Flare.
Pangolin aims to take advantage of Flare’s native interoperability infrastructure to greatly increase the amount of cross-chain token pairs, offer in-dApp swap functionality to partner projects, and bootstrap liquidity for the network.
Avalanche’s Pangolin DEX has over $15 billion in total trading volume, 3000 token pairings listed, and 9 million swaps on its platform. In order to expand its reach into other markets, the DEX believes Flare is the appropriate partner.
Pangolin DEX will be able to trade any Flare-bridged token, regardless of whether it has smart contract functionality or not, thanks to Flare’s two interoperability applications, FAssets and LayerCake. Pangolin will be able to support many more tokens immediately as a result of this. In addition,Pangolin DEX can offer DEX-as-a-service capabilities to any application building on Flare that needs to integrate direct token swaps in its interface.
Flare’s State Connector, the industry’s only decentralized consensus protocol for external data, can trustlessly acquire and use data from both on- and off-chain sources. Through this, Flare delivers secure and decentralized bridging that allows assets to flow freely across all blockchains, opening the door to hundreds of use cases that weren’t possible before.
Flare is a powerful new blockchain with the first new consensus protocol for external data. Decentralized applications on Flare can safely and trustlessly acquire and use information from other blockchains and real world data sources, solving the oracle problem and opening the door to a new era of utility: decentralized and insured multilateral bridging, full cross-chain composability with assets and information able to flow freely between all chains, seamless decentralized integration of Web2 data in Web3 dapps. and a secure fully interoperable multichain solution.
About Pangolin Exchange
Pangolin is a multichain decentralized cryptocurrency exchange (DEX) native to the Avalanche Network. Through advanced tooling, deep liquidity, and smooth onboarding, Pangolin offers easy swaps and a great experience for projects and traders alike.