Avalanche has shown great strength over the last week, with all metrics pointing in the same direction: An explosive AVAX season could be right around the corner. In this article, I’ll cover how you can best prepare in order to maximize profits and yield in the AVAX ecosystem!
TLDR:
- Avalanche is exploding and is set up for another AVAX season.
- Earn 100% on your AVAX on Pangolin.
- Maximize your profits with this top AVAX Ecosystem pick.
AVAX season
Two days ago, we posted an article outlining the fundamentals behind why AVAX could be set to explode:
Today, that article rings even more true, as we’re seeing some of the Avalanche altcoins finally waking up.
The AVAX fundamentals are as strong as ever.
I take you through why I’m bullish on the AVAX chain and its ecosystem in my latest thread:
JOE fundamentals
We know that when a Layer-1 pumps, the ecosystem coins often outperform due to their smaller market caps. If Avalanche continues to rise, we should see increased gains from its top alts.
Trader JOE is the main DEX on Avalanche and offers great upside potential. Its price has been lagging behind AVAX, but this is bullish as liquidity should flow from AVAX into the alts, giving us a significant opportunity to capitalize!
JOE has one of the lowest Market Cap/Trading Volume ratios out of any DEX, coming in at 0.74 compared to UniSwap at 3.18.
In addition to the attractive valuation, JOE has seen incredible user growth, with an increase of 292,000 users in the last month.
Farming on JOE
So, the fundamentals of JOE look good. But how can we earn yield to take full advantage of the high APRs?
I run you through step-by-step how to stake JOE to earn 31% APR, and an additional 15.97% on top of that!
Farming on Pangolin
Maybe you prefer to stick to farming AVAX? No problem. I present to you one of the best AVAX farms in the Avalanche ecosystem on Pangolin (earn 94% APY).
Banter’s take:
The Avalanche ecosystem is offering some amazing opportunities to both earn yield before (and during!) the next possible Avalanche season. As one of the premiere Layer-1s in the space, if the market rallies, we expect AVAX to see some phenomenal growth and price action.
