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What distinguishes a cryptocurrency in the constantly changing digital landscape? Is it the use cases, the technology, or the capacity for innovation and adaptation? Three tokens, InkFinance, Elk, and Benqi, are now causing a stir in the cryptocurrency world. These initiatives are pushing the boundaries and reinventing how users engage with blockchain technology, thereby influencing decentralised finance (DeFi) in novel ways.
Trending Cryptocurrency Tokens on Avalanche Chain Today
InkFinance is revolutionising decentralised governance, providing DAOs and financial organisations with a seamless way to manage assets, policies, and decision-making. Elk, on the other hand, is tackling one of the biggest challenges in blockchain: interoperability. Meanwhile, Benqi is transforming the lending and staking landscape by offering liquid staking solutions and decentralised lending protocols. Whether it’s governance, cross-chain functionality, or staking efficiency, these trending cryptocurrency tokens on Avalanche Chain today are proving their worth in the blockchain world.
1. InkFinance (QUILL)
The need for scalable, transparent, and adaptable financial management systems for businesses of all sizes is a significant issue in the decentralised finance (DeFi) space that InkFinance attempts to solve. Inefficiencies and problems with trust result from a lack of adaptability and transparency in traditional financial systems needed by modern decentralised organisations. InkFinance fills this gap by offering a protocol that enables organisations to set up effective management structures and carry out transparent on-chain operations with strong risk control and credibility.
The platform has a wide range of applications, including influencer crowdfunding, DeFi liquidity pooling, real-world asset (RWA) underwriting, and smooth Web2 to Web3 migrations. For example, asset managers can design and manage investment portfolios with integrated risk controls, and social DAOs can use InkFinance to handle community assets transparently. This adaptability positions InkFinance as a versatile tool in the evolving DeFi ecosystem.
Partnership Announcement: Ink Finance x Novastro!
We’re excited to join forces with @Novastro_L2, the AI-powered Layer 2 for Real World Assets (RWAs), integrating MoveVM & EigenLayer AVS to bring Ethereum-level security and scalability to the tokenized asset space.
💡 What… pic.twitter.com/YAnOsHjgNb
— Ink Finance (@inkfinance) March 12, 2025
In terms of market performance, QUILL has shown resilience. The token gained 10.90% during the last seven days, outpacing the 0.30% decrease in the global cryptocurrency market within the same time frame. This encouraging pattern highlights rising investor confidence and heightened interest in the platform’s DeFi offerings.
KuCoin started a 10,000 QUILL AMA Reward Campaign plus a trading competition with extra awards to encourage community involvement. At the same time, InkFinance launched its Stake-to-Earn program, which enables users to stake QUILL tokens and receive incentives with an alluring 300% Annual Percentage Yield (APY). Participants can stake and withdraw from this program at any moment without incurring penalties, providing liquidity and flexibility.
2. Elk (ELK)
One of Elk’s most notable features is its in-house cross-chain interoperability network, ElkNet, which presently supports more than 30 blockchains. Because of its wide connectivity, users can transfer assets between networks with ease, thereby eliminating the conventional boundaries that have divided the blockchain industry. As a result of transferring ELK tokens from the Ethereum network to the Binance Smart Chain, for example, a user can cut down on transaction costs and time by not depending on centralised exchanges.
The project also offers ElkDex, a decentralised exchange (DEX) that operates on the Uniswap v2 paradigm. The platform’s permissionless liquidity pools enable users to construct token pairs rapidly and initiate swaps instantly. Furthermore, Elk’s Farm-as-a-Service (FaaS) assists projects in setting up their own liquidity farms, providing incentives to liquidity providers and promoting a more active DeFi ecosystem.
The price of ELK has dropped by about 8.90% in the last week, trailing the 11.40% drop in the global cryptocurrency market within the same time frame. This implies that while ELK has seen negative pressure, its resilience has been marginally stronger than the general market trends.
Good Afternoon Elktonians!
We’ve been building quietly and we have some big announcements!!
Let’s start with this banger!!@SonicLabs $ELK pic.twitter.com/66K2daJJdG
— Elk Finance (@elk_finance) March 13, 2025
An alpha version of Elk’s Circle Cross-Chain Transfer Protocol (CCTP) reservoir integrated into ElkNet was released, marking a major breakthrough. Through this innovation, developers can move USDC between chains like Avalanche and Ethereum with ease, minimum risk, and no slippage. By streamlining the development process and increasing efficiency, the Circle CCTP reservoir has the potential to transform cross-chain loan and payment solutions completely.
3. BENQI (QI)
By utilising decentralised technologies, BENQI plays a crucial part in resolving the inefficiencies of conventional financial systems as one of the trending cryptocurrency tokens on Avalanche today. Thanks to its distinctive features, such as liquid staking and a strong liquidity market, coupled with strategic alliances, BENQI is ideally positioned to make a significant contribution to the changing DeFi scene.
Traditional financial systems frequently encounter barriers, including restricted accessibility, exorbitant costs, and a lack of transparency. The Avalanche blockchain serves as the foundation for BENQI, a decentralised, non-custodial liquidity market system designed to address these problems. By eliminating middlemen, this project democratises access to financial services and lowers costs by allowing users to lend, borrow, and earn interest on digital assets.
According to historical data, QI hit its highest price ever on August 24, 2021, at $0.4081. Since then, the price has dropped by almost 98.15%. On the other hand, on August 19, 2021, the token fell to its lowest point ever, $0.00, and has since rebounded to its current valuation.
When the market’s uncertain, there’s only one thing to do:
Liquid Stake $AVAX → Earn $sAVAX yield → Wait⏳
Simple. Effective. BENQI. pic.twitter.com/FYOtkCUDee
— BENQI🔺 (@BenqiFinance) March 11, 2025
In October 2024, BENQI announced a strategic alliance with Suzaku, a protocol that decentralises validators on the Avalanche network. This partnership aims to improve the platform’s scalability and security, attract more users and increase stakeholder utility. Additionally, BENQI increased the size of its ecosystem by collaborating with CIAN, which helped the QI token’s value rise by 42%.
What Might Be The Next Top Trending Crypto?
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These Memes are not stopping for anybody!
4M Raised!📈📈🔥 pic.twitter.com/hvCisIwm4L
— Meme Index (@memecoin_index) March 13, 2025
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The MEMEX presale is expected to end in 18 days, and as of the most recent reports, it has raised almost $4 million. The $8 million hard cap for the project’s token sale shows that investors are very interested in and confident in the platform’s potential.
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