With the launch of the cross-chain Avalanche-Ethereum (AEB) bridge and community built decentralized exchange Pangolin, one after the other, Avalanche undeniably went through a very successful and exciting few weeks. Avalanche’s native token, AVAX, whipsawed from a $1bn circulating market cap up past $4bn and has now settled back at $2bn all over the course of the past 20 days. The rise of AVAX was mainly driven by the launch of Pangolin’s governance token, PNG, which was allocated 95% to community liquidity miners. As a consequence of such a generous distribution, liquidity in Pangolin rose from zero to $250m in just a few days. All these achievements sparked a lot of attention and allowed a perfect environment for m
