What is the current price of Pangolin?
The current price of Pangolin is $0.02662 with a 5.00% change in the last 24 hours.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Pangolin is a decentralized exchange (DEX) that launched on Avalanche in February 2021, and PNG is its governance token on Avalanche. Users swap tokens and provide liquidity directly from their own wallets, without a central operator holding funds. Pangolin was one of the first major DEXs in the Avalanche ecosystem and has since expanded to Hedera, Flare and Songbird, with contracts also documented for Monad.
The official app is at app.pangolin.exchange, with documentation at docs.pangolin.exchange and source code on GitHub.
Pangolin's documentation states it was launched in 2021 by Ava Labs, the company behind Avalanche. The original design was a fork of Uniswap V2, adapted for Avalanche's C-Chain.
Key milestones:
February 2021: launch PNG launched with a maximum supply of 538 million tokens and a 28-year emission schedule. 95% was earmarked for liquidity providers and 5% for an airdrop to UNI and SUSHI holders, using a slightly sub-linear formula chosen to spread tokens more evenly toward smaller holders.
November 2021: Pangolin V2 tokenomics A governance proposal cut the maximum supply to 230 million PNG by stopping emissions on 57% of all tokens and shortened the schedule to 48 months from February 2021.
Multichain expansion Pangolin deployed on Flare, Songbird and Hedera, each with its own governance token (PFL, PSB and PBAR).
Pangolin V3 The latest version moved to concentrated liquidity with dynamic fees.
According to the docs, PNG has now reached its 230 million maximum supply, so no new PNG is minted.
Pangolin is an automated market maker (AMM). Instead of an order book, traders swap against pools of two tokens supplied by liquidity providers (LPs), who earn trading fees in return.
Pangolin V3 changes how those pools work:
PNG is the governance token of Pangolin on Avalanche. It is used to:
Under the V2 tokenomics, the 230 million supply is split as follows: 15.4% to liquidity providers in Farms V1, 68.3% to liquidity providers in Farms V2, 3.3% for the claimed airdrop and 13% to the treasury. Pangolin emphasizes that it had no insider or advisor allocation. The PNG contract on Avalanche is 0x60781C2586D68229fde47564546784ab3fACA982, viewable on Snowtrace.
Pangolin's distinguishing features are its community-heavy distribution (no team or investor allocation at launch), a completed emission schedule that leaves PNG with a fixed supply, and a presence on several networks outside the Ethereum family, including Hedera and Flare. The V3 dynamic-fee model is also a departure from DEXs that rely only on fixed fee tiers.
Pangolin is an application, not a chain. Its closest peers are other AMMs:
Pangolin's V2 contracts derive from Uniswap V2 and were audited by Halborn, with reports collected in the exchange-contracts repository. Pangolin V3 was audited by Paladin, covering the changes from Uniswap V3 including dynamic fees. The project also runs a bug bounty. Security on each network additionally depends on the underlying chain, such as Avalanche's validator set.
Pangolin is part of Avalanche's DeFi history and one of the few DEXs to extend the same product to Hedera and the Flare networks. Its fully distributed, no-longer-inflating token makes it a clear case study in community-first DEX tokenomics.
PNG can be swapped on Pangolin itself on Avalanche, and it is also available on other Avalanche DEXs and some centralized exchanges. Always check the contract address above before trading.
PNG is an Avalanche C-Chain token, so it can be stored in wallets such as Core, MetaMask (with Avalanche added) or Rabby, and in hardware wallets like Ledger through a compatible interface.
Track Pangolin live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Pangolin on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Pangolin with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Pangolin with real money.
Read the complete paper trading guideThe current price of Pangolin is $0.02662 with a 5.00% change in the last 24 hours.
The daily trading volume is $15,906.86 representing a 3.61% change in the past 24 hours.
The market capitalization of Pangolin is $5,972,835, ranking #731 globally.
The fully diluted valuation (FDV) of Pangolin is $14,321,560, calculated assuming the maximum supply of 538,000,000 PNG is in circulation.
Circulating: 224,373,971. Total: 538,000,000. Max: 538,000,000.
In the last 24 hours, Pangolin traded between a low of $0.02628 and a high of $0.02804.
PNG/USDTTether USDT0.02662 USDT
