InkFinance (QUILL) and Elk (ELK) are the New Trending Cryptocurrency Tokens on Avalanche Chain

InkFinance is revolutionizing decentralized governance, providing DAOs and financial organizations with a seamless way to manage assets, policies, and decision-making.

In the constantly evolving digital landscape, what distinguishes a cryptocurrency? Is it the use cases, the technology, or the capacity for innovation and adaptation? Three tokens, InkFinance, Elk, and Benqi, are currently 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!

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 increasing investor confidence and heightened interest in the platform’s DeFi offerings.

KuCoin started a 10,000 QUILL AMA 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)

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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. For example, a user can transfer ELK tokens from the Ethereum network to the Binance Smart Chain to reduce transaction costs and time without 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 begin trades 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, lagging behind 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 negligibly stronger than the general market trends.

Good Afternoon Elktonians!

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