Bitcoin News and Finance
Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April Skip to main content

Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April

Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April

On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform’s yield farming experience.

Pancakeswap Announces Version 3 Launch Date

Pancakeswap, the multichain dex platform, announced the launch of the program’s third iteration, called Pancakeswap v3. The application is set to go live during the first week of April on the Binance Smart Chain (BSC). The new application will include new features, such as improved liquidity provisioning, competitive trading fees, trading incentives, and an enhanced yield farming experience, all accessible from a user-friendly interface.

The decentralized finance (defi) protocol Pancakeswap v2 supports other blockchains like Aptos and Ethereum in addition to BSC. Over the last 24 hours, dex platforms recorded $1.47 billion in dex trade volume, and Pancakeswap v2 is the second-largest dex by trade volume. In the last day, the dex platform Pancakeswap v2 recorded $97,179,718 settled. The exchange offers a much larger quantity of coins compared to Uniswap’s 955 coins listed, as Pancakeswap provides trades with 3,223 tokens.

To celebrate the version three launch, Pancakeswap is offering an early supporter program with $135,000 worth of CAKE and a Pancakeswap v3 non-fungible token (NFT) to reward users. “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,” said Mochi, the head chef of Pancakeswap, in a statement sent to Bitcoin.com News.

One of Pancakeswap’s competitors is Uniswap, the largest dex by trade volume over the last 24 hours. Uniswap recently announced the launch of a mobile application but hasn’t been given the green light by Apple. Other dex competitors include Sushiswap, Balancer, Trader Joe v2, and Shibaswap. Besides the $97 million in global trade volume, Pancakeswap has $2.49 billion total value locked, and $2.45 billion stems from the Binance Smart Chain (BSC) network. There’s also $29.72 million in Aptos locked and $17.27 million in Ethereum.

What are your thoughts on the launch of Pancakeswap v3? Let us know what you think about this subject in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory