The Avalanche ecosystem is rapidly evolving, showcasing a variety of innovative projects and coins pivotal for the community’s growth. Among these, AVAX, the native token of the Avalanche network, remains a foundational asset that powers transactions and staking on the platform. Additionally, Pangolin (PNG) stands out as a decentralized exchange built specifically for the Avalanche network, offering users efficient trading and yield farming opportunities. Other notable mentions include Trader Joe (JOE), which has gained traction for its unique features and robust liquidity options, making it an attractive choice for traders and yield farmers alike.
Several other emerging projects are gaining attention in the Avalanche ecosystem. For instance, Crab (CRAB) is designed to support automated trading strategies, catering to both novice and experienced investors. In addition, Benqi (QI) has been making waves as a decentralized liquidity market protocol, allowing users to lend and borrow assets seamlessly. To provide a clearer view, the following table summarizes some of the best coins to watch this year:
| Coin | Symbol | Use Case |
|---|---|---|
| AVAX | AVAX | Native token for transactions and staking |
| Pangolin | PNG | Decentralized exchange |
| Trader joe | JOE | Liquidity and trading platform |
| crab | CRAB | Automated trading strategies |
| benqi | QI | Decentralized liquidity market |