Decentralized exchange PancakeSwap has reached a milestone with $836 billion in cumulative trading volume and a total value locked (TVL) of approximately $1.72 billion over four years of operation. As of Sept. 20, PancakeSwap held a TVL of $1.72 billion, a decrease from its peak of $7.16 billion on May 4, 2021. The exchange, operating on an AMM model, serves over 43 million unique addresses. PancakeSwap is set to launch PancakeSwap v4, a significant update focusing on enhancing user experience and scalability. The update includes dynamic fee tiers, advanced trading tools, and reduced gas fees to improve overall trading experience. By expanding to more chains and improving functionality, PancakeSwap aims to address market gaps and increase trading volume and revenue. The protocol has also introduced a $500,000 developer program to attract top builders and is currently hosting a v4 Hookathon on Dorahacks until Sept. 30. Read more AI-generated news on: https://app.chaingpt.org/news