• Multi-chain DEX platform Pangolin has soared to multi-month highs.
• PNG worth reaches a excessive of $0.31 as new staff outlines DEX revival roadmap

Avalanche decentralized trade (DEX) platform Pangolin (PNG) is experiencing a worth improve as main altcoins wrestle in Bitcoin’s combat to take care of the $50,000 degree.

PNG is the native governance token of Pangolin DEX. There aren’t any quotas for groups, advisors, or buyers, and it’s 100% distributed to the group. The multi-chain DEX platform was launched in 2021 with Avalanche.

Pangolin (PNG) costs soar

On Friday, 24-hour buying and selling quantity soared to greater than $4.7 million, with PNG up greater than 200% to commerce as excessive as $0.31. The spike in each day buying and selling quantity over the previous day represents a staggering 5,500% improve, based on CoinMarketCap information.

Pangolin's market capitalization has soared to greater than $54 million, doubling prior to now 24 hours.

Why are pangolin costs hovering?

The rise in PNG costs made up virtually solely of final week's features, with the token struggling to interrupt above $0.12 since December.

Along with costs, community-driven tasks are additionally turning into extra lively. DeFiLlama reveals a slight improve in TVL at $31.34 million. Pangolin's worth spike comes after the DEX platform's new staff introduced a roadmap aimed toward restoring it to its “former glory.”

Hey fam,

As you already know, me and my staff @pangolindex. Though the migration course of shouldn’t be 100% full but, we thought it will be useful to share our future growth plans with you.Aiming for reconstruction #pangolin It is going to quickly return to its former glory…

— Adam (@erd866x) February 20, 2024

A few of this roadmap consists of the announcement of a brand new UI/UX, the introduction of recent swimming pools, a token checklist, and PangoVerse, a social media platform anticipated to be rolled out inside a 12 months.

pangolin too introduced BridgeSwap help permits the platform to trade property between Ethereum, Avalanche, and Binance Good Chain.