Decentralized stock market PancakeSwapis preparing to switch to its third version in the first week of April.
PancakeSwap V3 Update Will Go Live on BNB Chain in First Week of April
PancakeSwap V3 will introduce new features to the multi-chain DEX, which it says has locked in more than $438 billion in total trading volume and more than $2.5 billion in total liquidity.
These features include enhanced liquidity provision, competitive transaction fees and transaction incentives, as well as a touch-up to the yield farming experience, the announcement said.
“The new features we are introducing will provide an even better experience for our users and help make DeFi accessible to more people than ever before,” said Mochi, chief executive of PancakeSwap.
The new version will be available on BNB Smart Chain.
While PancakeSwap is currently the most dominant decentralized exchange on the chain, Uniswap V3 will be deployed on BNB after its DAO votes in favor of this move.
The management proposal stated that Uniswap could target up to half of PancakeSwap’s market share.
Previous version of PancakeSwap Ethereum And aptos was deployed on it. In October, the Decentralized exchange accepted a management proposal to deploy it on the Layer 1 blockchain set up by former Meta employees.
Overall, PancakeSwap V3 is set to introduce a host of exciting new features that will enhance the trading experience for users on the platform.
With a history of strong growth and popularity, PancakeSwap wants to continue attracting more users to its platform and solidify its position as a leading decentralized exchange in the DeFi space.
*Not investment advice.
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