Pangolin Exchange happens to be a prominent and confirmed decentralized exchange (DEX). It is actively engaged in the creation of easy-to-use and decentralized tools and products which possess multichain upgradability. It has of late come out with its official announcement that it will, from here on, be positioned on Hedera. For the uninitiated, Pangolin also happens to be a one-stop, technology-agnostic decentralized exchange.
As a matter of fact, Pangolin actually happens to be one of the most sought-after and highly dependable DEXs, positioned on the Avalanche blockchain. It currently boasts of having in its possession more than the figure of $16 billion in terms of the trading volume. Together with that, it also has an amount of three thousand listed token pairs, along with 10 million swaps, all on the platform. Presently, it also happens to be positioned on Songbird Network. Their future plans, according to the Pangolin team, are to be now also positioned on Flare, NEAR, as well as Hedera.
At the present moment in time, Pangolin DAO is eagerly looking forward to bringing to the table the Hedera community all of its collective lessons learned and the multiple relevant exposures that it has received from Songbird and Avalanche. In this scenario, it would also immensely benefit from its association with Hedera in terms of adapting the aspects related to the negative carbon network, as well as the fixed fee module. With that would also be the established enterprise’s issue, as well as the increasing community.
In the imminent future, Pangolin will be engaged in BridgeSwap and HoneyComb incorporations, which will help it to further the number of users using cross-chain, provide in-dApp swap possibilities for the partnering of various projects and create bootstrap liquidity where the network is concerned.
Now, with the Pangolin being positioned on Hedera, the joint aim and intention will be in the ultimate boosting of builders in activities related to getting the full capabilities of decentralized systems. In this matter, Pangolin will also benefit by incorporating Hedera’s fresh ways of dealing with decentralization, along with its quick, safe, and upgradable network.