
Canary Exchange (CNR) is a decentralized exchange (DEX) which runs on Avalanche Network. Let's find out everything about this incredible DEX with Avaxholic in today's article.
What Is Canary Exchange?
Canary Exchange is a decentralized exchange (DEX) which runs on Avalanche, the most promising and the fastest blockchain. Unlike centralized exchanges, decentralized exchanges do not have owners. They exist in a distributed structure on the blockchain. Membership is not required to trade in decentralized exchanges. You only need to have one blockchain wallet and a private key.
Canary Exchange works with a model called AMM which is a game changing tech. Automated market makers (AMMs) allow digital assets to be traded without permission and automatically by using liquidity pools instead of a traditional market of buyers and sellers.
What Is Canary Exchange?
For further details, you can read:
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What Is Canary Exchange (CNR)? Everything You Need To Know About Canary For Avalanche Users
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