Pangolin Connects with Cosmos: A Major Deployment for Multi-Chain DEX
On February 22, Avalanche native multi-chain DEX Pangolin launched token exchange and liquidity contract functions on Evmos. This major deployment will connect…
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
Interpretation of the news:
The Pangolin community has recently made a major deployment by launching its token exchange and liquidity contract functions on Evmos, a blockchain platform that supports the Cosmos Inter-Blockchain Communication (IBC) protocol. This signifies the integration of Pangolin into the cross-chain ecosystem supported by Cosmos, which will enable the project to connect with various other blockchain networks, thereby expanding the scope of its offerings.
Pangolin, a native multi-chain DEX built on the Avalanche platform, is a widely used decentralized exchange that has become a popular choice for traders looking to swap or trade cryptocurrencies in a fast and efficient manner. By expanding its reach through Evmos, Pangolin will now have access to a wider pool of users and liquidity, thereby providing more opportunities for traders and investors alike.
The integration of Pangolin into the Cosmos network is expected to be highly beneficial, as it will enable users to trade across a range of different blockchain networks such as Ethereum, Bitcoin, and others. Additionally, the project’s deployment on Evmos will allow it to take full advantage of the fast and affordable transactions offered by the platform’s Tendermint-based consensus mechanism.
Moreover, the advanced features of the Cosmos IBC protocol will enable Pangolin to overcome the limitations of operating on a single blockchain platform. The IBC protocol provides a standardized interface for interoperability among various blockchain networks, making it easier for Pangolin to connect with other blockchain networks and move assets across these networks.
The launch of token exchange and liquidity contract functions on Evmos is an important milestone for Pangolin, as it represents a significant step forward in the project’s multi-chain strategy. With the integration of Pangolin into the Cosmos ecosystem, the project is expected to continue to grow and attract more users to its platform.
In conclusion, the deployment of Pangolin on Evmos is an exciting development for the crypto community, as it offers a new avenue for users to access a wide range of trading opportunities, liquidity, and interoperability. Pangolin’s integrated approach to multi-chain functionality is set to drive its growth and evolution as it continues to expand and enhance its offerings.
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