Pancakeswap, the decentralized exchange, has announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023.
It has been reported that Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform’s yield farming experience.
However, Pancakeswap v2 supports other blockchains like Aptos and Ethereum in addition to BSC. Over 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 report said that 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 nonfungible token (NFT) to reward users.
Mochi, the Head Chef of Pancakeswap, said:
“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.”
Likewise, one of Pancakeswap’s competitors is UniSwap, the largest dex by trade volume over 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.
Thus, 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.