The updated software will provide users with a number of useful new tools.

PancakeSwap is rewarding early adopters with non-fungible tokens (NFTs).

Earlier today, PancakeSwap, a multichain Dex platform, announced the release of its third version, dubbed PancakeSwap v3. The application launch on Binance Smart Chain (BSC) is scheduled for the first week of April. Accessible via a streamlined interface, the updated software will provide users with a number of useful new tools, including better liquidity provisioning, lower trading costs, trading incentives, and a more productive yield farming experience.

PancakeSwap v2, a decentralized financial (DeFi) protocol, works with BSC and other blockchains like Aptos and Ethereum. PancakeSwap v2 is the second biggest Dex by trade volume, with $1.47 billion in Dex trading activity reported over the previous 24 hours. PancakeSwap v2 has seen $97,179,718 traded in the last day. In comparison to Uniswap, which only lists 955 currencies for trading, PancakeSwap allows for transactions involving 3,223 tokens.

DeFi Access to Broader Audience

In honor of the release of version 3, PancakeSwap is rewarding early adopters with a non-fungible token (NFT) and $135,000 worth of CAKE via an early supporter programme.

Mochi, the head chef of PancakeSwap stated:

“We’re excited to continue our mission of bringing defi to everyone with the launch of PancakeSwap v3. The new features we’re introducing will offer our users an even better experience and help make defi accessible to more people than ever before.” 

Moreover, when comparing other Dex by 24-hour transaction volume, Uniswap, one of PancakeSwap’s rivals, stands out. Whilst Uniswap has announced the release of a mobile app, Apple has yet to approve it. 

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Filed under: Bitcoin - @ March 5, 2023 5:00 pm