Solana

Beam

Avalanche

<h4>Remember Solana, Avalanche, and Luna from the last bull run? Luna took a tumble during the bear market, but Solana and Avalanche? They’re still holding strong! Today, our spotlight is on <a href="https://www.altcoinbuzz.io/?s=avalanche" target="_blank" rel="noopener">Avalanche</a>, where some of the hottest projects of this bull run are setting up shop. </h4> 
Avalanche (AVAX) isn’t just any blockchain. It’s one of the top EVM-compatible chains out there. And let me tell you, the team behind it has been making some serious moves lately. With so much happening in Avalanche, we’re diving into three of the top projects you won’t want to miss! Let’s get into it! 
<h5>1) Beam</h5> 
Blockchain gaming is leveling up big time on Avalanche, and one platform leading the charge is <a href="https://onbeam.com/" target="_blank" rel="noopener">Beam</a>. They have a mission to shake up the gaming world by being chain-agnostic. Starting as an Avalanche subnet, Beam’s now branching out, teaming up with big names like Immutable and Polygon Labs to bring you the future of gaming. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Total contracts on <a href="https://twitter.com/BuildOnBeam?ref_src=twsrc%5Etfw">@BuildOnBeam</a> – 500+ 
 Those contracts could be games, tokens, NFTs, bridges or anything in between. Smart contracts are very versatile and the Beam network allows for maximum flexibility. 
 On to the next hundreds of contracts <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d2.png" alt="🗒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/DIGTZGGpRv">pic.twitter.com/DIGTZGGpRv</a> 
 — Beam (@BuildOnBeam) <a href="https://twitter.com/BuildOnBeam/status/1769515085439881250?ref_src=twsrc%5Etfw">March 18, 2024</a>
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At the heart of Beam is Sphere, a marketplace designed just for gamers. Think of it like your one-stop shop for trading in-game assets hassle-free. Beam isn’t just about gaming; it’s about giving players true ownership over their digital goodies. 
So, why should you be hyped about Beam? Well, for starters, it’s becoming a central player in Avalanche’s buzzing ecosystem. Plus, they’re scoring major partnerships left and right, like the recent ones with <a href="https://www.altcoinbuzz.io/?s=polygon" target="_blank" rel="noopener">Polygon</a> and Immutable. This means Beam’s Sphere is about to become THE place to be for trading game assets across different titles. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Breaking announcement.<a href="https://twitter.com/BuildOnBeam?ref_src=twsrc%5Etfw">@BuildOnBeam</a>, <a href="https://twitter.com/Immutable?ref_src=twsrc%5Etfw">@Immutable</a>, and <a href="https://twitter.com/0xPolygon?ref_src=twsrc%5Etfw">@0xPolygon</a> are forming a strategic alliance to send the adoption of web3 gaming into hyperspeed <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Together we’re stronger, together we’re charting a bold new path for the future of gaming.<a href="https://t.co/obTh4nLUeO">https://t.co/obTh4nLUeO</a> 
 More <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/lcRimQ0o1o">pic.twitter.com/lcRimQ0o1o</a> 
 — Beam (@BuildOnBeam) <a href="https://twitter.com/BuildOnBeam/status/1732542919423271193?ref_src=twsrc%5Etfw">December 6, 2023</a>
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But that’s not all! Beam’s been busy beefing up its features, too. Take Account Abstraction, for example. It’s like having a universal gamer profile that lets you seamlessly switch between games without missing a beat. 
So, if you’re all about gaming and you’ve got your sights set on Avalanche, Beam is where the action’s at. 
<h5>2) Trader Joe (JOE)</h5> 
The next on our list is <a href="https://traderjoexyz.com/" target="_blank" rel="noopener">Trader Joe</a>. Trader Joe is the leading decentralized exchange on Avalanche. Dexes are the engine behind the DeFi ecosystems. That’s how important Trader Joe’s is to Avalanche.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Decentralized Exchange volumes are surging again on <a href="https://twitter.com/avax?ref_src=twsrc%5Etfw">@avax</a>, led by <a href="https://twitter.com/TraderJoe_xyz?ref_src=twsrc%5Etfw">@TraderJoe_xyz</a>. In the last three days, the Trader Joe protocol facilitated more than $2.35b in trading volume. 
 Follow <a href="https://twitter.com/frostymetrics?ref_src=twsrc%5Etfw">@frostymetrics</a> for the latest <a href="https://twitter.com/hashtag/Avalanche?src=hash&amp;ref_src=twsrc%5Etfw">#Avalanche</a> narratives and data-driven insights! <a href="https://t.co/BzDSJCMbp3">pic.twitter.com/BzDSJCMbp3</a> 
 — Frosty Metrics<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@frostymetrics) <a href="https://twitter.com/frostymetrics/status/1770094076441821289?ref_src=twsrc%5Etfw">March 19, 2024</a>
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So, what’s Trader Joe all about? Well, picture this: it’s based on the AMM (that’s an automated market maker) design, first made famous by Uniswap. This means swapping tokens on Avalanche is pretty smooth – super intuitive, and super easy. Trader Joe isn’t just an average DEX. It’s a whole ecosystem! They’ve got everything from a liquidity farming platform to a token launchpad and even a lending protocol.&nbsp; 
Plus, they’re serving up some impressive rewards with their staking service. Stake your JOE tokens, and earn some extra goodies– simple as that!&nbsp; And speaking of <a href="https://www.coingecko.com/en/coins/joe" target="_blank" rel="noopener">JOE tokens</a>, they’re not just for show; they’re your ticket to governance. And they help you get a piece of the trading fees. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Fee sharing is a staple feature of <a href="https://twitter.com/hashtag/DeFi?src=hash&amp;ref_src=twsrc%5Etfw">#DeFi</a> 
 Since the start of the year, Trader Joe has distributed over $2.5m to tokenholders, generated from trading activity on the Decentralized Exchange. 
 Share the success of DeFi, with Trader Joe. 
 _________________________ 
 Source:… <a href="https://t.co/NfBTRj0viS">pic.twitter.com/NfBTRj0viS</a> 
 — Trader Joe (@TraderJoe_xyz) <a href="https://twitter.com/TraderJoe_xyz/status/1770445750033371179?ref_src=twsrc%5Etfw">March 20, 2024</a>
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But wait, there’s more! Trader Joe’s got its sights set on the NFT game too, with its very own marketplace right there on the Avalanche blockchain. Yep, they’re covering all the bases. So, if you’re looking to dive deep into DeFi on Avalanche, Trader Joe’s is your one-stop shop. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The Trader Joe Collectable series is now live on <a href="https://twitter.com/NFTradeOfficial?ref_src=twsrc%5Etfw">@NFTradeOfficial</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 These NFTs will be airdropped to Trader Joe NFT holders, and are not for sale at the moment. 
 The airdrop will take place on Monday PST time! <a href="https://t.co/7mheREFP0h">pic.twitter.com/7mheREFP0h</a> 
 — Gokek (@0xGokek) <a href="https://twitter.com/0xGokek/status/1453815495652634633?ref_src=twsrc%5Etfw">October 28, 2021</a>
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<h5>3) GMX</h5> 
<a href="https://gmx.io/#/" target="_blank" rel="noopener">GMX</a> is our third Avalanche project for today. It’s one of the top decentralized exchanges.&nbsp; Picture this: you can trade cryptocurrencies, whether it’s spot or perpetual contracts, straight from your wallet! How awesome is that?&nbsp;GMX first hit the scene on Arbitrum One back in September 202. It recently expanded to Avalanche.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 When it comes to Perp DEXs, <a href="https://twitter.com/GMX_IO?ref_src=twsrc%5Etfw">@GMX_IO</a> has been one of the true source of inspiration for us.<a href="https://twitter.com/GMX_IO?ref_src=twsrc%5Etfw">@GMX_IO</a> v1 introduced the concept of "real yield" and presented an effective trading model in the derivatives DEX protocol arena through innovative protocol mechanics and tokenomics,… 
 — FXDX (@fxdxdex) <a href="https://twitter.com/fxdxdex/status/1770387227387801621?ref_src=twsrc%5Etfw">March 20, 2024</a>
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Now, why should you care? Well, GMX isn’t just your average exchange. It focuses on giving you a smooth trading experience with low swap fees, and trades that won’t budge the prices. And leveraged trading up to a whopping 50x with ETH, USDT, and AVAX as acceptable collateral. 
<a href="https://www.coingecko.com/en/coins/gmx" target="_blank" rel="noopener">GMX</a> boasts over $144 billion in trading volume since its inception. Its fee model has attracted over 336,000 users and sustained an open interest of over $111 million. 
GMX brings something extra to the table with its multi-asset liquidity pool, GLP. This feature lets you earn rewards —from market making to swap fees, leverage trading, you name it!&nbsp; It’s like the gift that keeps on giving, boosting your capital efficiency and dishing out some amazing yield on your deposits. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/GMX?src=hash&amp;ref_src=twsrc%5Etfw">#GMX</a> powered by <a href="https://twitter.com/hashtag/dappOS?src=hash&amp;ref_src=twsrc%5Etfw">#dappOS</a> V2 has attracted over 30k new traders, fuelling massive growth in <a href="https://twitter.com/hashtag/GMX?src=hash&amp;ref_src=twsrc%5Etfw">#GMX</a> users<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3c6.png" alt="🏆" class="wp-smiley" style="height: 1em; max-height: 1em;"> Risk-free trading with <a href="https://twitter.com/hashtag/dappOS?src=hash&amp;ref_src=twsrc%5Etfw">#dappOS</a> "all in"vouchers <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> GLP APR up to 22% currently 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f970.png" alt="🥰" class="wp-smiley" style="height: 1em; max-height: 1em;">And it's not stoppin' there. Are you ready for what's coming? 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/JqpNruke2n">pic.twitter.com/JqpNruke2n</a> 
 — dappOS ｜V2 Live (@dappOS_com) <a href="https://twitter.com/dappOS_com/status/1769375309068181625?ref_src=twsrc%5Etfw">March 17, 2024</a>
</blockquote> 
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And let’s not forget about the native GMX token. Holding onto these tokens not only gives you governance rights but also opens the door to a whole buffet of staking rewards. Plus, with over 83% of circulating tokens staked, it’s clear that the GMX community is all in! 
GMX isn’t just about trading; it’s about community vibes! This platform thrives on community-driven initiatives, creating a space where everyone’s voice matters. With the powerhouse combo of <a href="https://www.altcoinbuzz.io/?s=arbitrum" target="_blank" rel="noopener">Arbitrum</a> and Avalanche networks, GMX is setting the stage to dominate the decentralized derivatives trading market. 
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<h6>Disclaimer</h6> 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/top-3-altcoins-in-avalanche-avax-ecosystem/">Top 3 Altcoins in Avalanche (AVAX) Ecosystem</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

Top 3 Altcoins in Avalanche (AVAX) Ecosystem

Altcoin Buzz

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