On March 4, decentralized exchange Pancakeswap announced that the team plans to launch version 3 (v3) iteration of the platform the first week of April 2023. Pancakeswap v3 will offer new features and improve liquidity, along with enhancements to interface accessibility and the yield farming experience of the decentralized exchange (dex) platform.
Pancakeswap Announces Version 3 Launch Date
PancakeswapBinance, the multi-chain dex platform, has announced the launch of Pancakeswap v3, the third iteration of the program. The application will go live on the Binance Smart Chain (BSC) in the first week of April. The new application will include new features such as improved liquidity offerings, competitive transaction fees, trading incentives, and an enhanced yield farming experience, all accessible through a user-friendly interface.
Pancakeswap v2, a decentralized financial (defi) protocol, supports other blockchains such as Aptos and Ethereum in addition to BSC. In the past 24 hours, the dex platform recordeddex volume of $1.47 billion, making Pancakeswap v2 the second largest dex by volume. On the last day, the dex platform Pancakeswap v2 recorded a settlement of $97,179,718. pancakeswap offers transactions in 3,223 tokens, so compared to Uniswap’s list of 955 coins, this exchange offers a much larger volume of coins offered.
To celebrate the launch of version 3, Pancakeswap is rewarding its users with an Early Supporter Program offering $135,000 worth of CAKE and Pancakeswap v3 non-fungible tokens (NFT).” We are excited to continue our mission of bringing Defy to all with the launch of Pancakeswap v3.” In a statement sent to Bitcoin.com News, Mochi, Pancakeswap’s head chef, said, “The new features we are introducing will help us provide an even better experience for our users and make Defy available to more people than ever before.”
One of Pancakeswap’s competitors is Uniswap, the largest dex by volume traded in the past 24 hours; Uniswap recently announced the launch of a mobile application but has not received permission from Apple. Other dex competitors include Sushiswap, Balancer, Trader Joe v2, and Shibaswap. Besides $97 million in global trading volume, Pancakeswap has a locked in total value of$2.49 billion, with $2.45 billion coming from the Binance Smart Chain (BSC) network. Also, $29.72 million is locked on Aptos and $17.27 million on Ethereum.
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