What is PNG: A Comprehensive Guide to the Popular Image Format

Pangolin's Positioning and Significance

In 2021, Pangolin (PNG) was launched as a decentralized exchange (DEX) operating on the Avalanche network, aiming to address the need for efficient and accessible decentralized trading platforms.

As a key player in the decentralized finance (DeFi) ecosystem, Pangolin plays a crucial role in facilitating token swaps and liquidity provision on the Avalanche blockchain.

As of 2025, Pangolin has established itself as an important asset within the Avalanche ecosystem, boasting a significant user base and an active developer community. This article will delve into its technical architecture, market performance, and future potential.

Origins and Development History

Birth Background

Pangolin was created in 2021 to address the growing demand for decentralized trading solutions on emerging blockchain networks. It was born during the DeFi boom, aiming to provide fast and cost-effective token swaps by leveraging the high-speed Avalanche network.

Pangolin's launch brought new possibilities for traders and liquidity providers seeking alternatives to Ethereum-based DEXes, which were facing scalability issues and high gas fees at the time.

Important Milestones

• 2021: Mainnet launch, implementing an automated market maker (AMM) model similar to Uniswap.
• 2021: PNG token distribution to the community, promoting decentralized governance.

With support from the Avalanche ecosystem and its community, Pangolin continues to optimize its technology, security, and real-world applications in the DeFi space.

How Does Pangolin Work?

Decentralized Control

Pangolin operates on the decentralized Avalanche network, free from control by banks or governments. This decentralized structure ensures transparency, resistance to attacks, and gives users greater autonomy while enhancing network resilience.

Blockchain Core

Pangolin's smart contracts run on the Avalanche blockchain, a public, immutable digital ledger that records every transaction. Transactions are grouped into blocks and linked through cryptographic hashes, forming a secure chain. Anyone can view the records, establishing trust without intermediaries.

Ensuring Fairness

Pangolin utilizes Avalanche's consensus mechanism to validate transactions and prevent fraudulent activities such as double-spending. Validators maintain network security through Avalanche's unique consensus protocol, which offers high throughput and quick finality.

Secure Transactions

Pangolin employs public-private key encryption to secure transactions:

• Private keys (like secret passwords) are used to sign transactions
• Public keys (like account numbers) are used to verify ownership

This mechanism ensures fund security while maintaining a level of pseudonymity for users. Additionally, Pangolin's smart contracts undergo rigorous audits to enhance security.

PNG Market Performance

Circulation Overview

As of November 21, 2025, PNG's circulating supply is 224,373,971 tokens, with a total supply of 538,000,000.

Price Fluctuations

PNG reached its all-time high of $18.85 on February 19, 2021. Its lowest price was $0.01180712, recorded on October 25, 2023. These fluctuations reflect market sentiment, adoption trends, and external factors.

Click to view the current PNG market price

On-Chain Metrics

• Daily Trading Volume: $19,763.23 (indicating network activity)
• Active Addresses: 37,938 (reflecting user engagement)

Pangolin (PNG) Ecosystem Applications and Partnerships

Core Use Cases

Pangolin's ecosystem supports various applications:

• DeFi: Pangolin itself, providing decentralized exchange services.
• Yield Farming: Users can provide liquidity and earn rewards in PNG tokens.

Strategic Partnerships

Pangolin has established partnerships with Avalanche, enhancing its technical capabilities and market influence. These partnerships provide a solid foundation for Pangolin's ecosystem expansion.

Controversies and Challenges

Pangolin faces the following challenges:

• Technical Issues: Scalability and transaction speed on the Avalanche network
• Regulatory Risks: Potential scrutiny of DEXs by regulatory bodies
• Competitive Pressure: Competition from other DEXs on Avalanche and other blockchains

These issues have sparked discussions within the community and market, driving continuous innovation for Pangolin.

Pangolin Community and Social Media Atmosphere

Fan Enthusiasm

Pangolin's community is vibrant, with daily trading volume reaching $19,763.23. On X platform, related posts and hashtags (such as #Pangolin and #PNG) often trend. Price fluctuations and new feature releases ignite community enthusiasm.

Social Media Sentiment

Sentiment on X presents polarization:

• Supporters praise Pangolin's decentralized nature and liquidity provision opportunities.
• Critics focus on price volatility and competition from other DEXs.

Recent trends show mixed sentiment due to the overall market downturn.

Hot Topics

X users actively discuss Pangolin's role in the Avalanche ecosystem, liquidity mining rewards, and potential for growth.

More Information Sources for Pangolin

• Official Website: Visit Pangolin's official website for features, use cases, and latest updates.
• X Updates: On X platform, Pangolin uses @pangolindex handle, as of November 21, 2025, with posts covering technical upgrades, community events, and partnership news.

Pangolin's Future Roadmap

• Ecosystem Goals: Expand the number of supported tokens and increase liquidity
• Long-term Vision: Become the leading DEX on the Avalanche network

How to Participate in Pangolin?

1. Purchase Channels: Buy PNG on Gate.com
2. Storage Solutions: Use Web3 wallets compatible with Avalanche C-Chain
3. Participate in Governance: Through the Pangolin DAO
4. Build the Ecosystem: Provide liquidity or develop integrations with Pangolin

Summary

Pangolin redefines decentralized exchange through blockchain technology, offering transparency, security, and efficient trading. Its active community, rich resources, and strong market presence make it stand out in the cryptocurrency field. Despite facing challenges like regulatory uncertainties and technical bottlenecks, Pangolin's innovative spirit and clear roadmap secure its important position in the future of decentralized finance. Whether you're a beginner or an experienced player, Pangolin is worth watching and participating in.

FAQ

What is a PNG file used for?

PNG files are used for high-quality digital images with transparency. They're ideal for web graphics, logos, and illustrations, offering lossless compression and wide color support.

What is the difference between .PNG and JPG?

PNG offers lossless compression and supports transparency, while JPG uses lossy compression for smaller file sizes. PNG is better for graphics, JPG for photos.

Is a PNG just a picture?

No, PNG in crypto refers to Pangolin, a decentralized exchange and automated market maker on the Avalanche network, not just a picture format.

How do I get a PNG image?

To get a PNG image, you can create one using image editing software, download from stock photo sites, or convert other image formats to PNG using online tools or software.