On March 4, decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity along with improvements to the interface accessibility and decentralization. Exchange platform (dex) yield farming experience.
Pancakeswap announces version 3 release date
pancake swap, the multi-chain dex platform, announced the release of the third iteration of the program, dubbed Pancakeswap v3. The app will launch during the first week of April on Binance Smart Chain (BSC). The new app will include new features such as enhanced liquidity provision, competitive trading fees, trading incentives, and an enhanced yield farming experience, all accessible from a user-friendly interface.
The decentralized finance (defi) protocol Pancakeswap v2 supports other blockchains such as Aptos and Ethereum in addition to BSC. During the last 24 hours, the dex platforms registered $1.47 billion in dex trade volume, and Pancakeswap v2 is the second largest dex by trade volume. In the last day, the Pancakeswap v2 dex platform registered $97,179,718 liquidated. The exchange offers a much larger number of coins compared to Uniswap’s 955 coins listed, as Pancakeswap offers exchanges with 3,223 tokens.
To celebrate the release of version three, Pancakeswap is offering an early support program with $135,000 worth of CAKE and a Pancakeswap v3 Non-Fungible Token (NFT) to reward users. “We are excited to continue our mission of bringing defi to everyone with the release of Pancakeswap v3. The new features we are introducing will give our users an even better experience and help make defi accessible to more people than ever before,” said Mochi, the head chef at Pancakeswap, in a statement sent to Bitcoin.com News.
One of Pancakeswap’s competitors is Uniswap, the largest dex by volume of transactions in the last 24 hours. Uniswap recently announced the launch of a mobile app, but Apple hasn’t given it the green light. Other dex competitors include Sushiswap, Balancer, Trader Joe v2, and Shibaswap. In addition to $97 million in global trade volume, Pancakeswap has $2.49 billion total value locked, with $2.45 billion coming from the Binance Smart Chain (BSC) network. There is also $29.72 million in locked Aptos and $17.27 million in Ethereum.
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