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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 along with improvements in interface accessibility and decentralized exchange ( dex) platform’s experience from yield farming.
Pancakeswap, the multichain dex platform, announced the launch of its 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 provision, competitive trading fees, trading incentives and an improved farming experience, all accessible from a user-friendly interface.
The decentralized finance protocol (defi) Pancakeswap v2 supports other blockchains such as Aptos and Ethereum in addition to BSC. In the last 24 hours, dex platforms recorded $1.47 billion in dex trading volume, and Pancakeswap v2 is the second largest dex by trading volume. In the last day, the dex platform Pancakeswap v2 recorded $97,179,718 settled. The exchange offers a much larger amount of coins compared to Uniswap’s 955 coins listed, as Pancakeswap provides trades with 3,223 tokens.
To celebrate the launch of version three, 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 to bring 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, Pancakeswap’s executive chef, in a statement sent to Bitcoin.com News.
One of Pancakeswap’s competitors is Uniswap, the largest dex by trading volume in the last 24 hours. Uniswap recently announced the launch of a mobile application, but has not received the green light from Apple. Other dex competitors include Sushiswap, Balancer, Trader Joe v2 and Shibaswap. Besides $97 million in global trading volume, Pancakeswap has $2.49 billion in total value locked, with $2.45 billion originating from the Binance Smart Chain (BSC) network. There is also $29.72 million in Aptos locked and $17.27 million in Ethereum.
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