**PancakeSwap Hits $836B in Trading Volume, Announces Major Update**

Decentralized exchange PancakeSwap has reached a cumulative trading volume of $836 billion and holds a total value locked (TVL) of about $1.72 billion as of September 20. This marks a decline from its peak TVL of $7.16 billion in May 2021.

PancakeSwap is set to release PancakeSwap v4, aiming to tackle issues like inflexible pricing models and high gas fees. The update promises dynamic fee tiers, advanced trading tools, and reduced gas fees, enhancing user experience and scalability.

Launched in 2020, PancakeSwap operates across nine chains and plans further expansion to improve accessibility and trading efficiency.