Pangolin Goes Cross-Chain: Connecting the Avalanche Community to Evmos

02/22/2023 13:31 • NFT Newsflash • 142 views

On February 22, Avalanche native multi-chain DEX Pangolin launched token exchange and liquidity contract functions on Evmos. This major deployment will connect the Pangolin community to the cross-chain ecosystem where Cosmos supports IBC, and will also bring more liquidity to Evmos.

Avalanche DEX Pangolin deployed on Evmos

Interpret the above information:

The crypto market is dominated by a few major players, such as Bitcoin and Ethereum, who occupy the lion’s share of the market capitalization. However, as blockchain technology evolves, we’re witnessing the emergence of multi-chain platforms, designed to address the issues of scalability, interoperability, and accessibility that currently impede widespread blockchain adoption.

One such platform is Avalanche, a high-performance, open-source blockchain network that aims to deliver a seamless user experience, low transaction fees, and fast confirmation times. Additionally, the Avalanche ecosystem boasts a range of decentralized applications (dApps) and protocols that power decentralized finance (DeFi) and non-fungible tokens (NFTs) on their network.

One of the core components of the Avalanche ecosystem is Pangolin, a native decentralized exchange (DEX) built on the Avalanche blockchain. Recently, Pangolin announced its foray into the cross-chain ecosystem by launching token exchange and liquidity contract functions on Evmos.

Evmos is a multi-chain project based on Cosmos, offering an extensive toolkit for developers and users to build and interact with a wide range of decentralized applications. By deploying its services on Evmos, Pangolin will be able to connect the Avalanche community to Cosmos’ Inter-Blockchain Communication (IBC) protocol, which facilitates the transfer of data and assets across multiple blockchain environments. This move marks an important milestone for both Avalanche and Evmos, as it opens up new possibilities for collaboration, innovation, and growth within the cross-chain ecosystem.

Moreover, the deployment of Pangolin on Evmos will boost the latter’s liquidity, increasing the accessibility and efficiency of its services. Liquidity is a crucial factor for the success of any trading platform, as it allows traders to buy and sell assets quickly and at minimal costs. Therefore, the integration of Pangolin will provide additional liquidity to Evmos, which will enable traders to execute their orders faster, with lower slippage, and fewer fees.

In conclusion, Pangolin’s deployment on Evmos is a significant development for the Avalance community and the wider blockchain industry. It represents a step towards a more interconnected, interoperable, and accessible blockchain ecosystem, where users and developers can seamlessly collaborate and innovate across multiple platforms. With the rise of multi-chain networks, we can expect to see more such integrations in the future, further driving the growth and adoption of blockchain technology across different domains.

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Pangolin Goes Cross-Chain: Connecting the Avalanche Community to Evmos

Avalanche DEX Pangolin deployed on Evmos

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