PancakeSwap v3, a non-custodial decentralized exchange, has launched on zkSync Era, marking another milestone for the DEX which is currently deployed on multiple blockchains. With a market cap of $1.484 billion, PancakeSwap is the third largest DEX in terms of total value locked (TVL) and is known for its low trading and swap fees.

The introduction of concentrated liquidity has reduced slippage and benefited traders, while stakers of PancakeSwap's native token, CAKE, can receive up to 10% on trading rebates. The DEX is also set to launch its Initial Farm Offering (IFO) to enable users to participate in token offerings.