Its been almost a year since the birth of HunnyFinance and we are proud to have the support of the community to bring us this far. We have been expanding on our products, building on different DeFi DApps, adding on across chain capabilities, etc. We have been working very hard to deliver our promise; to be the most engaging and fun DeFi destination where every user can enjoy high yields and exciting games at the same time.
Over the year, we have introduced:
and that's not all....we are now introducing the latest product from HunnyFinance; a Decentralised Exchange (DEX) on Avalanche.
HunnySwap is an automated market-making (AMM) decentralized exchange (DEX) on the Avalanche Ecosystem. With our strong backing of supporters in the BSC and also the potential exposure in Avalanche to draw in new users, we believed that HunnyFinance is ready to be propelled to the next level.
Many of you will ask why Avalanche and not on BSC since we have been working on BSC for almost a year. One of the key considerations is that over the year, many DeFi projects are building on BSC due to the speed and low transaction cost. However, it is now saturated with projects (over 3059 projects according to DappRadar and it will continue to grow). Comparatively in Avalanche, it is able to permanently confirm transactions in under 1 second with a low transaction cost and there are only 234 projects and many more to come. In addition to that, we also notice the TVL in Avalanche has been growing steadily. This only means that liquidity is beginning to flow into Avalanche.
With a lesser number of projects in Avalanche compared to BSC, we believe HunnyFinance can capture a part of this growing market share by providing a couple of fill-ins that the Avalanche Ecosystem is currently lacking.
Follow the guides below to get everything set up to use HunnySwap.