Pangolin (PNG) soars, 24-hour volume up staggering 5500%

2024-2-24 18:56

Pangolin, a multi-chain DEX platform, has surged to multi-month highs. PNG price reached highs of $0.31 as new team outlined comeback roadmap for the DEX

Pangolin (PNG), an Avalanche decentralized exchange (DEX) platform, is experiencing a price uptick as major altcoins struggle amid Bitcoin’s battle to keep the $50,000 level.

PNG is the native governance token of the Pangolin DEX. It is 100% distributed to the community with no team, advisors or investor allocations. The multi-chain DEX platform launched on Avalanche in 2021.

Pangolin (PNG) price soars

PNG rose more than 200% on Friday to trade at highs of $0.31 as 24-hour trading volume jumped to over $4.7 million. The surge in daily trading volume over the past day represents a staggering 5,500% increase, according to data from CoinMarketCap.

The Pangolin market cap has jumped to over $54 million, doubling over the past 24 hours.

Why is Pangolin price skyrocketing?

Gains for PNG price almost entirely constitute this past week’s upside, with the token having struggled to break above $0.12 since December.  

As well as the price, there’s been a rise in activity for the community-driven project. DeFiLlama shows a slight pick in TVL to $31.34 million. Pangolin’s sudden price surge comes as the DEX platform’s new team announced a roadmap aimed at returning it to its “former glory.”

Hey Fam,

As you know, me and my team have taken over the management of @pangolindex. While the transition process is not yet 100% complete, I believe it's beneficial to share our upcoming development plans with you. We aim to restore #Pangolin to its former glory as soon as…

— Adam (@erd866x) February 20, 2024

Part of this roadmap includes the unveiling of a new UI/UX, introduction of new pools, token listings and a PangoVerse – a social media platform earmarked for rollout within a year.

Pangolin also announced support for BridgeSwap, bringing asset swaps across Ethereum, Avalanche and Binance Smart Chain to the platform.

The post Pangolin (PNG) soars, 24-hour volume up staggering 5500% appeared first on CoinJournal.

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$ 0 (+0.02%)
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Изменеия 24h: 2.03 %, 7d: 12.49 %
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Доступно / Всего 191.542m DEX

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Pangolin DEX integrates Orbs’ dTWAP order type

Pangolin (PNG/USD), an Avalanche-based DEX protocol, now supports decentralised Time Weighted Average Price (dTWAP), which is powered by proof-of-stake blockchain platform Orbs. The integration continues the close partnership between the two platforms, the Orbs team announced on Thursday, with the news seeing the two platform’s native tokens PNG and ORBS make slight upward moves.

2023-2-26 22:43


AllianceBlock to provide decentralized KYC for Avalanche’s Pangolin DEX

AllianceBlock, a blockchain-agnostic project building compliant and data-driven products, today announced a strategic partnership with Pangolin, a community-driven DEX powered by Avalanche. Building on its existing collaboration with Ava Labs, the now fully decentralized Pangolin exchange will integrate AllianceBlock’s Trustless KYC and Identity Verification product into its platform.

2021-8-18 19:44


Blockchain interoperability platform Blocknet lists token on Avalanche-powered Pangolin DEX

CryptoNinjas » Blockchain interoperability platform Blocknet lists token on Avalanche-powered Pangolin DEX Blocknet, a layer-2 blockchain interoperability protocol that enables communication, interaction & exchange between different blockchains, today announced that its native Blocknet token is now listed on the Pangolin DEX in advance of the release of Blocknet’s decentralized Avalanche indexer.

2021-5-14 04:11


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