According to Foresight News, PancakeSwap, a popular decentralized exchange, is set to deploy on the EVM-compatible blockchain network Monad. The upcoming PancakeSwap v4 is expected to save gas fees and allow for customized pool types.
The deployment on Monad will enable PancakeSwap to take advantage of the network's compatibility with Ethereum Virtual Machine (EVM), which is expected to result in reduced gas fees and improved user experience. Additionally, the new version of PancakeSwap will allow users to create customized pool types, further enhancing the platform's functionality and versatility.
This development comes as the decentralized finance (DeFi) sector continues to grow and evolve, with platforms like PancakeSwap playing a crucial role in providing users with decentralized trading and liquidity provision options. The deployment on Monad and the introduction of PancakeSwap v4 are expected to contribute to the platform's ongoing success and growth in the DeFi space.