According to ChainCatcher, PancakeSwap announced that it will release PancakeSwap v4, a major update that is expected to enhance user experience and scalability. v4 aims to improve liquidity provision and interoperability based on PancakeSwap.

Chef Kids, head of PancakeSwap, said: "With PancakeSwap v4, we aim to address the main flaws of existing automated market makers, inflexible pricing models, limited trading capabilities compared to centralized exchanges, impermanent losses of liquidity providers, and high on-chain gas fees."