JAKARTA - Pancakeswap, a leading decentralized crypto exchange platform (DEX) plans to launch Pancakeswap v3, in the first week of April on the Binance Smart Chain (BSC).
Through this DEX, users can enjoy increased liquidity, competitive trading costs, trade incentives, and a better gaming yield experience. In addition, user-friendly interfaces will make it easier for users to access all these new features.
Pancakeswap v2, decentralized financial protocol (defi), supports other blockchains such as Aptos and Ethereum in addition to BSC. Over the past 24 hours, the dex platform recorded a trading volume of US$1.47 billion (Rp22.4 trillion), and Pancakeswap v2 is the second largest dex based on trading volume.
In the past day, the dex Pancakeswap v2 platform recorded 97,179,718 US dollars (Rp1.4 trillion) in trading. Interestingly, Pancakeswap provides trading with 3,223 tokens that are much larger than Uniswap which only has 955 registered coins.
To celebrate the launch of the third version, Pancakeswap offered the initial support program with a prize of 135,000 US dollars (Rp2 billion) in CAKE and non-fungible token (NFT) Pancakeswap v3 to users. "We are very excited to continue our mission in bringing defi to everyone with the launch of Pancakeswap v3," wrote PancakeSwap developer.
"The new features we introduce will provide a better experience for our users and help make defi accessible to more people than ever before," Mochi, chief Pancakeswap, said in a statement sent to Bitcoin.com News.
Although Pancakeswap has recorded a large volume of trade, there are several other dex competitors, such as Uniswap, Sushiswap, Balancer, Trader Joe v2, and Shibaswap. Uniswap itself recently launched a mobile app but has not yet received approval from Apple.
In the past day, Pancakeswap has a total locked value of 2.49 billion US dollars (Rp38.1 trillion), and 2.45 billion US dollars (Rp37.5 trillion) comes from the Binance Smart Chain (BSC) network. There is also 29.72 million US dollars (Rp454 billion) locked in Aptos and 17.27 million US dollars (Rp264 billion) in Ethereum.
The launch of Pancakeswap v3 is highly anticipated by defi fans because of the new features offered. With a prize of US$135,000 (Rp2 billion) in the form of CAKE and NFT Pancakeswap v3, Pancakeswap hopes to increase the number of users using their new app. While competing with several other dex competitors, Pancakeswap has recorded a large locked value and high trading volume, indicating that they have a strong user base.
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