Remember Solana, Avalanche and Luna from the last bull run? Luna fell during the bear market, but Solana and Avalanche? They’re still standing strong! Crypto expert Lawrence Mike Woriji from Altcoinbuzz turns the spotlight on Avalanche. The expert shares three of Avalanche’s best projects you won’t want to miss.
First Avalanche-based altcoin: Beam (BEAM)
Blockchain gaming is gaining huge momentum on Avalanche. One of the leading platforms in this regard is Beam. They have a mission to shake up the gaming world, independent of blockchain. Beam, which started as an Avalanche sub-net, is now branching out with big names like Immutable and Polygon Labs to bring you the future of gaming.
At the heart of Beam is Sphere, a marketplace designed just for gamers. Think of it as a one-stop shop where in-game assets can be bought and sold hassle-free. Beam isn’t just about gaming; It’s about giving players real ownership over their digital belongings. Beam is becoming a central player in the Avalanche’s vibrant ecosystem. They’re also forming major partnerships left and right, like they recently did with Polygon and Immutable. This means Beam’s Sphere is about to become the place to be for trading gaming assets between different games.
In second place is Trader Joe’s (JOE)
The next altcoin on the list is Trader Joe’s. Trader Joe’s is Avalanche’s leading decentralized exchange. Dexes are the engine behind DeFi ecosystems. That’s how important it is for Trader Joe’s Avalanche. So, what is Trader Joe’s all about? Picture this: It’s based on the AMM (automatic market maker) design first made famous by Uniswap. This means that swapping tokens on Avalanche is super smooth, super intuitive, and super easy. Trader Joe’s is not just your average DEX. A whole ecosystem! They have everything from a liquidity farm platform to a token launch pad and even a lending protocol.
They also offer impressive rewards through their staking service. Stake your JOE tokens and earn some extra goodies. Speaking of JOE tokens, they are not just for show; they are your ticket to governance. And they help you get a piece of the trading fees.
But wait, there’s more! Trader Joe’s has also set its sights on the NFT play with its own marketplace on the Avalanche blockchain. Yes, they cover all the bases. So, if you want to dive deep into DeFi on Avalanche, Trader Joe’s is your one-stop shop.
Last place Avalanche jewel: GMX (GMX)
GMX is one of the best decentralized exchanges. Imagine this: you can trade cryptocurrencies, whether spot or perpetual contracts, directly from your wallet! Isn’t it wonderful? GMX first appeared on stage at Arbitrum One in September 2020. He recently expanded to the Avalanche. Now, why should you care? GMX is not just your average stock market. It focuses on providing you with a hassle-free trading experience with low exchange fees and transactions that do not change prices. Up to 50x leveraged trading with ETH, USDT and AVAX as acceptable collateral.
GMX has had a trading volume of over $144 billion since its founding. The fee model attracted more than 336,000 users and sustained open interest of over $111 million. GMX brings something extra to the table with its multi-asset liquidity pool GLP. This feature allows you to earn rewards, from market making to clearing fees to leveraged trading! And let’s not forget the native GMX token. Holding these tokens not only gives you governance rights, but also opens the door to a range of staking rewards. Additionally, given that over 83% of the tokens in circulation are staked, it is clear that the GMX community is fully involved!
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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