Top 3 Most Popular Dapps on the Avalanche Network
- Trader Joe offers some of the highest APRs on the market in terms of staking.
- Snowbank is a DAO treasury, providing its token SB with an inherent value.
The Avalanche ecosystem has gotten a lot of attention lately. People seek inexpensive blockchain solutions since Ethereum is perhaps too costly to utilize. These three Avalanche Dapps have a lot of users, and most of them are about decentralized finance.
1. TRADER JOE (JOE)
Trader Joe is the most popular decentralized exchange on Avalanche. No. 1 Dapp on Avalanche, with over 373k monthly users. Trader Joe also offers users access to Lending, Farming, and Staking. Furthermore, it also provides leveraged trading to its customers through DEX and DeFi.
Trader Joe offers some of the highest APRs on the market in terms of staking. The current staking APR for JOE is 34%. Trader Joe can provide a high APR because of daily buybacks and the network’s XJOE compounding mechanism. TraderJoe has a 24-hour trading volume of $337 million.
2. PANGOLIN EXCHANGE (PNG)
PNG is a decentralized Avalanche network exchange. Pangolin can be compared to PancakeSwap or Avalanche networks. In addition to margin swap, both exchanges’ UIs are quite similar. It has the second-highest monthly users at 59.01K. Pangolin also has the PNG governance token, enabling holders to affect the exchange’s future.
3. SNOWBANK (SB)
In its own words, Snowbank is a decentralized reserve. Using the platform is as simple as connecting to your MetaMask wallet. Snowbank is a DAO treasury, providing its token SB with an inherent value. Snowbank DAO aims to create a policy-controlled currency, like Olympus DAO. It ranks at number third with 19.48K monthly users. SB is now trading at $342.13, with a 24-hour volume of $3.2 million. TraderJoe and Hotbit sell SB.
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