PancakeSwap Hits Trading Volume Milestone and Unveils Major Upgrade

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Cryptodnes2024/09/21 12:03

By:Cryptodnes

PancakeSwap, a decentralized exchange, has reached $836 billion in cumulative trading volume and holds about $1.72 billion in total value locked (TVL) after four years of operation.

While its TVL has declined from a peak of $7.16 billion in May 2021, PancakeSwap still serves over 43 million unique addresses, operating through an automated market maker (AMM) model.

The platform is set to launch PancakeSwap v4, an update designed to address limitations in AMM models, such as inflexible pricing and high gas fees.

This upgrade aims to improve liquidity, scalability, and trading tools, with the goal of boosting capital efficiency and user experience.

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PancakeSwap also plans to expand its DEX to additional blockchains and is currently hosting a developer program to attract builders ahead of the v4 launch.

Available on nine chains since its 2020 debut, PancakeSwap continues to focus on enhancing accessibility and functionality in the decentralized exchange space.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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