Pangolin

PNG Price

About Pangolin (PNG)

Pangolin is a community-driven decentralized exchange for Avalanche and Ethereum assets with fast settlement, low transaction fees, and democratic distribution.

• Concentrated liquidity V3: Maximize capital efficiency by allocating funds to custom price ranges, enhancing rewards for liquidity providers.
• Superpools with dual rewards: Earn boosted yields through Superpools offering PNG and AVAX or partner token rewards.
• Multi-chain expansion: Originally launched on Avalanche, now supports Hedera, Flare, and Songbird networks.

What Is Pangolin

Pangolin is a decentralized exchange (DEX) launched by AvaLabs in 2021, designed as a leading liquidity hub on the Avalanche network. The platform enables users to swap tokens, provide liquidity, and earn rewards while maintaining full custody of their funds.

The PNG token powers the protocol's incentive and governance mechanisms. Liquidity providers earn PNG rewards for contributing to trading pools, with additional earning opportunities through Superpools that distribute dual rewards in PNG and AVAX or partner tokens. The token also enables community governance through Snapshot voting, allowing holders to participate in protocol decisions.

As the ecosystem scales, PNG serves as the coordination layer for liquidity incentives across multiple supported blockchains. The protocol's expansion to networks like Hedera, Flare, and Songbird demonstrates its growth beyond Avalanche, with PNG functioning as the unified rewards and governance token across all deployments.

What Makes Pangolin Unique

• Concentrated liquidity with NFT positions: Liquidity positions are tokenized as NFTs, holding range, pair, and fee tier details that are fully transferable—enabling novel use cases like position trading and collateralization.

• Dynamic fee structure: Adaptive fees adjust to market conditions, protecting liquidity providers during volatility while optimizing rates for traders.

• In-range farming mechanism: Liquidity providers earn higher rewards by maintaining positions within target price ranges, incentivizing active position management rather than passive liquidity provision.

• Multi-chain DEX aggregator: Beyond Avalanche, Pangolin operates across Hedera, Flare, and Songbird networks, offering unified liquidity access through cross-chain infrastructure.

• Democratic token distribution: Launched with a community-first approach, emphasizing fair distribution rather than concentrated insider allocations.

What Can You Use Pangolin for?

• Token swapping: Exchange assets on Avalanche, Hedera, Flare, and Songbird networks with fast settlement and low transaction costs.

• Liquidity provision: Deposit token pairs into liquidity pools to earn trading fees and PNG rewards, with options for concentrated liquidity ranges in V3.

• Yield farming: Participate in Superpools to earn dual rewards, combining PNG emissions with partner tokens or AVAX incentives.

• Governance participation: Vote on protocol proposals through Snapshot, influencing fee structures, reward distributions, and strategic decisions.

• Liquidity position management: Utilize NFT-based positions that can be transferred, traded, or potentially used as collateral in DeFi integrations.

How Does Pangolin Work?

Pangolin operates as an automated market maker (AMM), a system that uses algorithmic formulas to price assets based on the ratio of tokens in liquidity pools rather than traditional order books.

The V3 implementation introduces concentrated liquidity, allowing providers to allocate capital within specific price ranges rather than across the entire price curve. This approach increases capital efficiency—meaning less liquidity can support the same trading volume compared to earlier AMM designs.

Liquidity positions are represented as NFTs (non-fungible tokens), which encode the specific price range, token pair, and fee tier of each position. These NFTs are transferable, enabling secondary markets for liquidity positions.

PNG functions as an application utility token within the protocol. Users pay standard Avalanche network gas fees (in AVAX) for transactions, while PNG is used for reward distribution, governance voting, and incentive alignment across the platform's multi-chain deployments.

Team Info and Investors

Pangolin was launched by AvaLabs in 2021. The project emphasizes community-driven development and governance, with protocol decisions guided by PNG token holders through Snapshot voting mechanisms.

The platform maintains partnerships with major blockchain infrastructure providers including Avalanche, Coinbase, THORChain, Axelar, Flare, and Squid Router. These collaborations support Pangolin's cross-chain functionality and liquidity aggregation capabilities.

Detailed information about specific founding team members, core contributors, or documented early investors is not specified in available sources.

Where can you buy Pangolin?

PNG tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Pangolin is Pangolin, where the most active trading pair PNG/WAVAX has a trading volume of $34,285.51 in the last 24 hours. Other popular options include MEXC and Pangolin V3.

What is the daily trading volume of Pangolin (PNG)?

The trading volume of Pangolin (PNG) is $601,282.91 in the last 24 hours, representing a 9.60% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Pangolin (PNG)?

Pangolin (PNG) reached an all-time high of $18.85 and an all-time low of $0.01181. It’s now trading -99.90% below that peak and 130.30% above its lowest price.

What is the market cap of Pangolin (PNG)?

Market capitalization of Pangolin (PNG) is $6,471,889 and is ranked #1564 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of PNG tokens (240 Million tokens are tradable on the market today).

What is the fully diluted valuation of Pangolin (PNG)?

The fully diluted valuation (FDV) of Pangolin (PNG) is $14,630,406. This is a statistical representation of the maximum market cap, assuming the maximum number of 540 Million PNG tokens are in circulation today. Depending on how the emission schedule of PNG tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Pangolin compare against its peers?

With a price increase of 15.80% in the last 7 days, Pangolin (PNG) is outperforming the global cryptocurrency market which is up 11.10%, while outperforming when compared to similar Exchange-based Tokens cryptocurrencies which are up 9.10%.

How to add Pangolin (PNG) to MetaMask?

Adding Pangolin (PNG) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import PNG as a token. You can copy PNG’s contract address (0x60781c2586d68229fde47564546784ab3faca982) and import it manually, or if you've installed MetaMask's chrome extension, add PNG to MetaMask with one click on CoinGecko.

Add PNG to MetaMask.