Fundamentals Pangolin – A multi-chain decentralized exchange | 15-minute fundamentals ep. 27
Justin Trollip, CEO of Pangolin Exchange – a multi-chain decentralized exchange – joined us for an interview to dive into the details behind the charts available on Token Terminal. In this interview with Justin, we discuss the basics of what Pangolin is, how it works, how it's positioned within the exchange market, growth drivers and challenges, and plans for the future.
Pangolin’s dashboard: https://tokenterminal.com/terminal/projects/pangolin
Pangolin: https://pangolin.exchange/
Twitter: https://twitter.com/pangolindex
Justin’s Twitter: https://twitter.com/jtrollip
Make sure to leave a comment if you have any questions 🙌
📊 Token Terminal platform:
► https://www.tokenterminal.com/
-----------------------------------------
💬 Join our Discord:
► https://discord.com/invite/tokenterminal
-----------------------------------------
📱 Follow us on Twitter:
► https://twitter.com/tokenterminal
-----------------------------------------
📩 Subscribe to our Newsletter:
► https://tokenterminal.substack.com/
-----------------------------------------
Timestamps:
00:00 Introduction to the exchange market
01:30 What is Pangolin?
03:00 Main differentiator
03:55 Supported networks
04:44 Why Avalanche?
05:42 Fees & business model
06:42 Business development focus areas
08:59 Growth drivers and challenges
10:31 The subDAO model
12:48 Token incentives
14:26 What's next for Pangolin?
---
General info:
Pangolin is a fork of Uniswap V2 with more features built on top of it, that was initially launched on the Avalanche C-Chain.
The crypto exchange market is one of the most competitive within the space, and it can be split into two high-level categories: We have centralized exchanges, where Binance leads the pack with over 10s of billions in daily trading volume, followed by Coinbase and Kraken.
Then we have Decentralised exchanges such as UniSwap and dYdX, where the average daily trading volume has been hovering around 1bn dollars.
To describe the market opportunity, the total trading volume in crypto is currently roughly around 100Bn dollars per day, and exchanges typically generate revenue by taking a fee from swaps made on their platform.
Comparing to traditional finance, monthly trading volume on for example the New York stock exchange is in excess of $1.5 trillion per month.
In this episode, we find out how Pangolin is positioned within this market, and what their plans are for the future.
---
Crypto redefines the way businesses are built and operated.
Token Terminal gives you the tools to evaluate and track the most promising projects.
The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
#Pangolin #Crypto #TokenTerminal #Investing #Finance