Avalanche is redefining the blockchain world with its strong infrastructure for DApps and smart contract. With its innovative features, it hosts multiple DApps that operate across various fields, including virtual worlds, financial network, and many others. Today’s data reported Crypto-Dep highlighted top 10 DApps with highest trading activity on Avalanche.
For those who engage in the decentralized ecosystem, including DeFi, virtual worlds, and others, these projects are essential for any digital asset strategic insight and cryptocurrency portfolio. Their trading volume is a testament that these DApps offer innovative investment opportunities that crypto users may need to look into.
Top DApps on Avalanche
UniSwap
UniSwap recorded a whopping trading volume of $5.23 billion over the past 30 days, making it the leading DApp in the Avalanche blockchain. This record volume shows that UniSwap is the most recognized and trusted DEX platform on Avalanche. Its popularity is based on allowing users to trade a broad variety of crypto assets directly without the need for intermediaries. In the UniSwap platform, users can trade by engaging with liquidity pools, swap tokens, and hold assets in their private wallets, so they don’t have to trust intermediaries with their funds.
LFJ
With a transaction volume of $461 million processed over the past 30 days, LFJ is the second largest DApp on the Avalanche. This showcases users’ confidence in the trading platform. LFJ is a DEX that has distinguished itself due to its low-fee swaps and strong liquidity provisions for multiple asset pairs.
1inch
Third on the list is 1inch. Over the past month, the project registered a trading volume of $315 million, making it the third largest DApp. This highlights it as a major project on Avalanche because of its advanced offerings and strong liquidity, making it a convenient and accessible platform for DeFi trading activities.
Jumper
Jumper took the fourth position with a trading volume of $103 million registered over the stated period. This shows Jumper is becoming a prominent DEX platform serving users’ needs on the Avalanche network. In contrast to CEXs that function within a single blockchain, Jumper has made a name for its brand. It bridges the gap between different blockchains, allowing users to smoothly swap tokens across such networks. This DEX allows users to hold funds in their private cold wallets and trade assets without intermediaries’ involvement.
Stargate
Stargate clinched the fifth spot with a trading volume of $69.3 million. This significant transaction quantity shows that Stargate is a top DeFi bridge on Avalanche. It offers interlinked liquidity pools and enables smooth multi-chain movement of assets across various blockchains.
Others
Other DApps that also recorded outstanding trading performance on Avalanche include WooFi, BenQi, Folks, GMX, and Magpie. WooFi settled on position six with a $63.6 million trading volume.
It was followed by BenQi which registered a $37.6 million trading volume. Folks occupied the eighth place with an $18.3 million transaction volume. Lastly, GMX and Magpie gained spotlight with their trading volumes of $13.3 million and $11.3 million, respectively.
