Today, we’re excited to announce that Pangolin Exchange, a multi-chain decentralized exchange (DEX), has launched on the Hedera network.
Pangolin launched on Avalanche in 2021 as a 100% community-driven project. Since then, Pangolin has amassed over $16 billion in total trading volume, with 3,000 token pairs listed and over 9 million swaps, making it one of Avalanche’s most popular DEXs.
Throughout its existence, Pangolin has continuously focused on developing products and services that allow users and projects to compound their community through the creation of user-friendly decentralized tools and products with multi-chain scalability.
Pangolin’s BridgeSwap product currently enables users to bridge and swap assets across 16 chains, 13 bridges, and 28 DEXs directly from the Pangolin user interface. BridgeSwap will integrate more chains going forward, including Hedera via hashport.
As part of the DEX launch on the Hedera network, Pangolin will integrate with the Hedera Smart Contract Service, Hedera Consensus Service (HCS), and Hedera Token Service (HTS) - allowing users to swap, farm, stake, and vote on Hedera.
Alongside this, Pangolin will also integrate a governance token and its own robust open-source components library called HoneyComb. HoneyComb will allow Hedera dApps to directly integrate every feature of Pangolin’s DEX, including swaps, staking, and farming.
As part of their multi-chain strategy, Pangolin selected Hedera due to both the power of the hashgraph and Hedera’s mass institutional adoption. The team was particularly impressed by the strength of the Hedera Governing Council, the low fixed fee model of the network, and the caliber of the development team.
“Building solutions for a multichain future requires tools and technology that can accommodate a wide range of projects and use cases.“ says Justin Trollip, CEO of Pangolin, “We’re excited to bring our wealth of knowledge to Hedera and utilize the multitude of use cases the network enables.”
Pangolin’s focus on the value of community extends into the platform strategy, aligning well with the Hedera ecosystem’s focus on usability and innovation. ‘Pangolin understands the future as cross-chain and we look forward to the interoperability within the Pangolin and Hedera ecosystems.” said Elaine Song, VP of Strategy at the HBAR Foundation.
About The HBAR Foundation
The HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation’s six funds - focused on the Crypto Economy, Metaverse, Sustainability, Fintech, Privacy, and Female Founders - each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem. The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to tackle some of the world’s largest problems, and create and control their own economies, all built on the Hedera public network. Whether you’re building something new or migrating an existing EVM-based application and community, the HBAR Foundation is here to support you. For additional information, please visit https://hbarfoundation.org/.
Pangolin is a multichain decentralized cryptocurrency exchange (DEX) on the Avalanche, Flare, and Songbird Networks. Through advanced tooling, deep liquidity, and smooth onboarding, Pangolin offers easy swaps and a great experience for projects and traders alike.
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