PancakeSwap plans v4 update following $836B trading volume milestone

PancakeSwap announces its v4 update to improve liquidity provision, interoperability, and scalability, aiming to resolve AMM shortcomings.

Decentralized exchange PancakeSwap has reported $836 billion in cumulative trading volume and a total value locked (TVL) of about $1.72 billion in four years of operation. 

PancakeSwap held about $1.72 billion in total value locked as of Sept. 20, which has decreased over the years, from an all-time high of $7.16 billion on May 4, 2021, according to DefiLlama. On March 30, PancakeSwap’s TVL was about $2.42 billion and has been dropping since.

The exchange, which operates on an automated market maker (AMM) model, said it serves over 43 million cumulative unique addresses. 

PancakeSwap v4 update to tackle automated market maker shortcomings 

PancakeSwap announced it will release PancakeSwap v4, a major update expected to enhance user experience and scalability. v4 aims to build on PancakeSwap’s foundation with liquidity provision and interoperability improvements. 

Speaking to Cointelegraph, Chef Kids, head of PancakeSwap, explained:

“With PancakeSwap v4, we aim to tackle major shortcomings in existing automated market makers, inflexible pricing models, limited trading features compared to centralized exchanges, impermanent loss for liquidity providers, and high on-chain gas fees.”

Traders are expected to benefit from dynamic fee tiers, advanced trading tools, and reduced gas fees, improving their overall experience and lowering trading costs, Kids said.

$BTC

#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #Write2Earn!