- Top 3 Avalanche Ecosystem tokens by volume are USDT, LINK, AVAX.
- Tether has launched its USDT token on Avalanche.
- Avalanche (AVAX) is a proof-of-stake (PoS) protocol.
The Avalanche ecosystem is gradually growing private securities, initial liquidity offerings (ILO), decentralized exchanges (DEX), Synthetics, Stablecoins, Prediction Markets, and so on. Moreover, let us see the top 3 Avalanche ecosystem tokens by volume: Tether, Chainlink, Avalanche
1. Tether (USDT)
Tether has launched its USDT token on Avalanche. USDT is a stablecoin that reflects the price of the U.S. dollar. Even more, the unique feature of USDT is the fact that its value is guaranteed by Tether to remain fixed to the U.S. dollar. It does not have its own blockchain, rather, it performs as a second-layer token on top of the other cryptocurrencies blockchains.
According to CoinMarketCap, the USDT price trades at $1.00 with a 24-hour trading volume of $169,776,641,316, at the press time.
2. Chainlink (LINK)
Chainlink is one of the first networks to enable the incorporation of off-chain data into smart contracts. Furthermore, a distributed program, Chainlink (LINK) allows blockchains to perform protect deals with external data feeds, events, and payment methods.
According to CoinMarketCap, the LINK price trades at $27.52 with a 24-hour trading volume of $4,123,827,642, at the time of writing.
3. Avalanche (AVAX)
The fastest smart contract is Avalanche. It launches decentralized finance (DeFi) applications, financial assets, trading, and other several services. The native token of the Avalanche platform is AVAX, which performs several tasks within Avalanche, and also functions as a reward payment system for the users. More so, Avalanche is s proof-of-stake (PoS) protocol that rewards users for staking coins.
As per CoinMarketCap, the AVAX price trades at $36.17 with a 24-hour trading volume of $1,392,204,973, at the press time.