Pangolin? The Fiat On-Ramp for Avalanche DeFi.
Pangolin Exchange, Avalanche’s core decentralized exchange, is set to become a fiat-onramp for the Avalanche ecosystem.
Hariseldon, Pangolin’s project manager, teased in their latest tweet. Showing USD, GBP, AUD, and more.
The updates confirmed directly. Also noting, this is “just the start” for Pangolin’s future.
This is incredibly bullish news for the Avalanche ecosystem. Tackling one of the main pain points for newer investors.
At present, it takes multiple steps to enter the Avalanche network. Pangolin will now serve as the gate-guardian. Providing a simple route for all. And, as an indirect benefit, will inevitably pull more liquidity in for it’s listed projects.
Currently, Pangolin’s market cap is a touch over $151m. Compared with other DeFi behemoths on competing chains, it is a drop in the ocean.