BENQI

Avalanche

<ul class="list-ic vertical">
 <li><span>1</span> <a>GMX, AAVE V3, Benqi, and Stargate are some of the popular Dapps on the Avalanche blockchain platform.</a></li>
 <li><span>2</span> <a>Avalanche is an energy efficient and environmental friendly blockchain.</a></li>
</ul>
<p>Decentralized finance (DeFi) is conducted and made possible due to the use of blockchain-based smart contracts. The only thing needed to enter this financial ecosystem is a decentralized application (dApp) that is designed to facilitate one or more kinds of DeFi transactions.</p>
<p>There are many dApps to choose from, and the options will increase when developers seek to harness more potential of the blockchain. Here, some of the dApps on the Avalanche blockchain are discussed below.</p>
<h2 class="wp-block-heading" id="strong-gmx-strong"><strong>GMX</strong></h2>
<p>GMX will be deployed on Avalanche in January 2022. This decentralized exchange offers users the ability to conduct spot swaps and features with up to 50x leverage. Users can trade ETH, BTC, AVAX, and other top cryptocurrencies with up to 50x leverage directly from users’ wallets.</p>
<p>There are 3 types of functional tokens on this exchange. GMX (utility and governance token), GLP (liquidity provider token GMX V1 market), and GM (liquidity provider token GMX V2 market).&nbsp;</p>
<p>The platform has 335,880 total users and the total trading volume is $144,645,107,004.</p>
<h2 class="wp-block-heading" id="strong-aave-v3-strong"><strong>AAVE V3</strong></h2>
<p><a href="https://www.thecoinrepublic.com/2023/01/17/aave-v3-development-makes-prices-rally-can-it-reach-100/" rel="noopener noreferrer nofollow">AAVE V3 </a>is a decentralized non-custodial liquidity protocol where users can participate as suppliers, burrowers, or liquidators. It was launched in November 2021 with many important features including a high-efficiency model to maximize capital efficiency.</p>
<p>Suppliers provide liquidity to the market and can earn interest on the crypto assets provided. Burrowers can borrow in an overcollateralized fashion. They can even engage in flash loans.&nbsp;</p>
<p>At press time, the price of AAVE, the native token was $62.94, the cap is $921.39 Million, TVL was $167.59 Million, UAW is 238, and the volume is $1.55 Million.</p>
<h2 class="wp-block-heading" id="strong-benqi-strong"><strong>Benqi</strong></h2>
<p>Benqi, built on Avalanche is a decentralized finance (DeFi) liquidity market protocol. The BENQI protocol consists of BENQI Liquidity Market (BLM) and BENQI Liquid Staking (BLS) where users can stake AVAX to earn yield-bearing assets.</p>
<p>It facilitates users to earn passive income through BENQI Liquidity Market (BLM) protocol. Benqui token is Q1, token price is $0.0048, the cap is $20.3 Million, TVL is $91.74 Million, UAW is 47 and volume is $312.75K.</p>
<h2 class="wp-block-heading" id="strong-stargate-strong"><strong>Stargate</strong></h2>
<p>Stargate is a fully composable liquidity transport protocol. STG is the native token of the protocol. This protocol allows the users to execute cross-chain transfers of the native assets. Users can farm and stake tokens to gain rewards.</p>
<p>The token price is $0.409, the cap is $85.2 Million, TVL is $34.67 Million, UAW is 5.35K and the volume is 11.35 Million.</p>
<h2 class="wp-block-heading" id="strong-curve-strong"><strong>Curve</strong></h2>
<p>Curve is a decentralized exchange facilitating automated market makers optimized for stablecoins. It also allows liquidity providers to earn fees and lending interest. It enables the users to trade ERC-20 tokens in a low-fee, low-slippage environment. CRV is the native token. Its price is $0.424, cap is $377.96 Million, TVL is $24.55 Million, UAW is 24 and volume is $46.56K&nbsp;</p>

Know Some of the Most Popular Dapps on the Avalanche Platform

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Thecoinrepublic.com

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