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Pangolin V3 Review 2026: Concentrated Liquidity on Avalanche

Pangolin V3 is the concentrated-liquidity version of the Pangolin DEX, running on Avalanche and Monad. Its liquidity is small and no audits are listed, so treat it as a niche venue.

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

5.5/10

Mixed

Visit Pangolin V3

Our verdict on Pangolin V3

5.5/10

Pangolin V3 suits experienced DeFi users on Avalanche or Monad who want a concentrated-liquidity DEX and are comfortable with a small venue. Its main strength is the V3 design with dynamic fees, which can reward active liquidity providers. The main caveat is risk: TVL is only about $149,000, no audits are listed, and fee details are not published. Start small, check price impact on every swap, and do not treat it as a deep-liquidity exchange.

Score breakdown

How Pangolin V3 scores

Security: 4.5/10
Ease of use: 6.5/10
Fees: n/a
Features: 6.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Pangolin V3?

Pangolin V3 is the latest version of the Pangolin decentralized exchange. Its stated aim is to improve capital efficiency and liquidity provider rewards through concentrated liquidity and dynamic fees.

Tracking data shows it deployed on Avalanche and Monad, with total value locked of about $149,000 and a seven-day change of roughly -4.8%. The project's token is listed as PANG. No audits are listed for this version.

The app page offers little descriptive text, so details such as fee tiers, governance and team are not published there. This is a small venue and is best approached as a niche option.

How Pangolin V3 works

Pangolin V3 is an automated market maker. Instead of an order book, traders swap against pools of tokens supplied by liquidity providers, and the price follows a formula based on the pool balances.

In V3 designs, liquidity providers choose a price range for their capital. Concentrating funds around the current price means deeper liquidity near that price and more fees earned per dollar deployed. If the market moves outside the range, the position stops earning until the provider adjusts it.

Pangolin V3 also uses dynamic fees, so the swap fee can change with conditions rather than staying fixed. Exactly how the fee is calculated is not detailed.

5 features

Key features

Concentrated liquidity

Liquidity providers can place funds within chosen price ranges rather than across all prices, which raises capital efficiency when the price stays in range.

Dynamic fees

Swap fees adjust based on market conditions rather than staying fixed, aiming to better compensate liquidity providers.

Multi-chain deployment

The DEX is tracked on Avalanche and Monad, so users can access it on more than one network.

Non-custodial swaps

Swaps run through on-chain liquidity pools with no account sign-up; users connect a wallet.

PANG token

The project has its own token, PANG, associated with the wider Pangolin ecosystem.

Pros and cons

What we like

Concentrated liquidity can improve capital efficiency for active liquidity providers
Dynamic fees aim to adjust to market conditions
Available on both Avalanche and Monad
Non-custodial: users trade from their own wallet
Builds on the established Pangolin brand on Avalanche

Watch out for

TVL is small at roughly $149,000, which usually means thin liquidity and larger price impact on bigger trades
No audits are listed for this version in the tracked data
Concentrated liquidity positions require active management and carry impermanent loss risk
TVL fell about 4.8% over the past seven days
Team, fee tiers, governance details and documentation are not published on the app page

Pangolin V3 fees

Pangolin V3 describes its fees as dynamic, meaning the swap fee is not a single fixed rate. The specific fee tiers, ranges and the share going to liquidity providers are not published on the app page we reviewed.

In practice, you pay the swap fee plus network gas on Avalanche or Monad. The app should show the quoted fee and price impact before you confirm a swap. Check these on the swap screen each time.

Is Pangolin V3 safe?

Pangolin V3 is a set of smart contracts, so the main risks are contract bugs, oracle or pricing issues, and front-end compromise. No audits are listed for this version in the tracked data, and the project does not publish audit reports on the app page.

Because trades are non-custodial, you keep control of your funds, but you also carry the risk of wallet mistakes and malicious approvals. Revoke unused token approvals, verify the URL, and use small amounts first. Regulatory status is not stated.

6 steps

How to get started with Pangolin V3

1
Install a compatible wallet and fund it with the native gas token of Avalanche or Monad.
2
Open the official Pangolin app and confirm the address in your browser matches the official one.
3
Connect your wallet and select the network you want to use.
4
Make a small test swap and review the quoted fee and price impact before approving.
5
If you want to provide liquidity, choose a pair and a price range, and understand that fees only accrue while the price is within it.
6
Monitor any liquidity positions and withdraw when you no longer want the exposure.

Open Pangolin V3

Who Pangolin V3 is for

Pangolin V3 is for DeFi users already on Avalanche or Monad who want an alternative DEX and understand concentrated liquidity. It also suits liquidity providers who can manage price ranges actively. Beginners and anyone trading large sizes should look at deeper, audited venues first.

Pangolin V3 FAQs

What is Pangolin V3?

Pangolin V3 is the latest version of the Pangolin decentralized exchange. It adds concentrated liquidity and dynamic fees, with the aim of making liquidity providers' capital work harder.

Which blockchains does Pangolin V3 support?

Tracking data lists Avalanche and Monad. Check the app for which networks and pairs are currently live before you connect a wallet.

Does Pangolin V3 have a token?

The tracked data names PANG as the project's token. Its homepage does not describe its exact utility in V3, so check the official documentation before relying on it.

Has Pangolin V3 been audited?

No audits are listed in the tracked data for this version. That does not prove the code is unsafe, but it means you cannot rely on a published third-party review. Use small amounts and verify any audit claims yourself.

What does concentrated liquidity mean for liquidity providers?

Concentrated liquidity lets providers allocate funds to a chosen price range instead of the full range. This can earn more fees per dollar while the price stays inside the range, but earns nothing once the price moves outside it.

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