Top 3 AVAX DeFi Platforms!

Today we are taking a look at the top Avalanche performers in the DeFi industry for the past month!

What is DeFi?

Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.

#3 Sushi

Similar to platforms like Uniswap and Balancer, SushiSwap uses a collection of liquidity pools to achieve this goal. Users first lock up assets into smart contracts, and traders then buy and sell cryptocurrencies from those pools, swapping out one token for another.

Sushi website:

Supported networks: Ethereum, Polygon, Arbitrum, Avalanche, Moonbeam, Moonriver, Fantom, BSC, Gnosis, Harmony, Telos EVM, Celo, Fuse, OKEx, Heco and Palm

#2 Pangolin Exchange

Pangolin is a decentralized exchange (DEX) which runs on Avalanche, uses the same automated market-making (AMM) model as Uniswap, features a native governance token called PNG that is fully community distributed and is capable of trading all tokens issued on Ethereum and Avalanche.

Pangolin Exchange website:

Supported networks: Avalanche

#1 Trader Joe

Trader Joe (JOE) is currently an outstaning AMM DEX project on Avalanche (AVAX), the role of AMM DEX projects is extremely important because it is a fundamental operation in the DeFi space.

Trader Joe website:

Supported networks: Avalanche

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