Moonwell (WELL) is the native cryptocurrency of Pangolin, the decentralized exchange (DEX) in the Avalanche ecosystem. WELL is used in important functions in the protocol, such as governance, liquidity provision incentives and some transaction fees. WELL token holders can have a say in the governance of the community by voting on the future of Pangolin. In addition, WELL tokens, which are awarded to liquidity providers as a reward, incentivize the sustainability of the network and are also involved in future projects in the Pangolin ecosystem.
WELL, which has risen 13.84% in the last 24 hours and at the time of writing, is among the rising ones of the day. The altcoin called Moonwell (WELL) is preparing to be listed on a new platform. It was announced that asset transfers for WELL will be made through the Base network and trading will not be supported in some jurisdictions. Trading will begin when sufficient liquidity is available. WELL's price may have risen after the listing news.
