Pangolin Partnership with Arkhia

Published on: 10.03.2023
Pangolin Partnership with Arkhia

Pangolin Partnership with Arkhia will power Pangolin’s Hedera contracts & infrastructure.

The Pangolin team selected Arkhia as their middleware solution on Hedera to ensure the DEX could handle any level of scale of transaction volume. Pangolin Partnership with Arkhia

Pangolin’s Challenge

The Pangolin team wanted to guarantee it had enough capacity to manage platform activity in Hedera’s expanding DeFi ecosystem before launching on Hedera. Pangolin’s Hedera launch thrilled DeFi fans because to its popularity on Avalanche and other blockchain networks.

The DEX has high trading volume on Hedera from debut because to its repute. The DEX reached 8M TVL after 20 days on Hedera. To be operational and performant, the DEX needed enterprise-grade middleware due to bandwidth restrictions from rising trade volume.

To develop the DEX on Hedera, Pangolin required additional help. A non-Hedera-native team built Pangolin DEX using EVM-based technologies. To bridge the knowledge gap between Ethereum-native developers and Hedera SDK tools, Arkhia offers the JSON RPC Relay. Utilizing the Hedera-native SDK for this build would have hindered development.

The Arkhia Solution

Pangolin also took advantage of Arkhia’s EVM-friendly tools that assist non-Hedera native developers in building on Hedera. The Pangolin team got onboarded to Hedera and Arkhia by using Arkhia’s docs to discover a plethora of resources so its developers could get acclimated to the network. Developers may utilize plug-and-play code snippets in the manuals to start developing on Hedera.

Pangolin’s subscription plan from Arkhia includes 24/7 customer support with developers familiar with Hedera and friendly support staff to provide accurate insights into any problem or debugging strategy.

About Arkhia

Arkhia is an enterprise-grade Infrastructure-as-a-Service (IaaS) provider empowering blockchain & distributed-ledger developers. They provide highly available, modular & scalable mirror nodes & APIs for the Hedera ecosystem

About Pangolin

Pangolin is an automated market maker (AMM) powered decentralized exchange running on both the Avalanche & Songbird blockchains. It allows you to find the best trading opportunities and maximize your yield with fast settlement and low transaction fees.

Website | Twitter

SOURCE: https://medium.com/@Arkhia/arkhia-use-case-pangolin-integrating-arhkias-mirror-api-and-rpc-endpoints-25ce3e49bc07

Market Stats:
BTC Dominance: 58.45%(-1.03%/24h)
ETH Dominance: 12.08%(-0.19%/24h)
Defi Market Cap: $93.65B(+15.86%/24h)
Total Market Cap: $3336.12B(+1.97%/24h)
Total Trading Volume 24h: $220.94B(-12.16%/24h)
ETH Market Cap: $402.74B
Defi to ETH Ratio: 23.25%
Defi Dominance: 2.69%
Altcoin Market Cap: $1386.03B
Altcoin Volume 24h: $143.56B
Total Cryptocurrencies: 32375
Active Cryptocurrencies: 10175
Active Market Pairs: 90727
Active Exchanges: 762
Total Exchanges: 9612
BTC: 98559.9$(-0.17%/1H)
ETH: 3344.81$(-0.46%/1H)
AVAX: 44.53$(1.74%/1H)
BNB: 646.1$(1.44%/1H)
MATIC: 0.53$(0.3%/1H)
FTM: 0.79$(1.79%/1H)
ADA: 1.11$(-2.03%/1H)
DOT: 7.11$(2.07%/1H)
UNI: 10.22$(1.3%/1H)
CAKE: 2.12$(3.94%/1H)
SUSHI: 0.93$(7.06%/1H)
ONE: 0.02$(1.12%/1H)