PancakeSwap operates on a decentralized exchange model and has reported $836 billion in trading volume and approximately $1.72 billion in total value locked (TVL) in its four years of operation. As of September 20, TVL is down from a peak of $7.16 billion in 2021. PancakeSwap serves 43 million unique addresses.

PancakeSwap v4 update aims to improve user experience and scalability. Chef Kids stated that this update aims to address the shortcomings of current automated market makers. Dynamic fee tiers and advanced trading tools will reduce transaction costs for users.

PancakeSwap plans to expand its DEX to more chains. What do you think about this? Let’s discuss in the comments.