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PancakeSwap DEX Launches Version 3 on BNB Chain and Ethereum

PancakeSwap, a decentralized exchange (DEX) with over 1.5 million unique users, has launched Version 3 (V3) on Ethereum and BNB Chain. V3 offers the cheapest fees for on-chain trades among SushiSwap and Uniswap and has increased returns for liquidity providers. The platform introduces features that enhance the platform's capital efficiency, including allowing liquidity providers to concentrate their capital on smaller price ranges, resulting in higher fee earnings. V3 introduces four different trading fee tiers and a VIP trading rewards program and a position manager feature are currently in development. PancakeSwap V3 is also compatible with all tools built for Uniswap version 3. PancakeSwap had over $2.5 billion in total value locked (TVL) as of Monday.

(By Shaurya Malwa)

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