- PancakeSwap launches on Polygon zkEVM, its 4th blockchain integration.
- The move promises users lower charges and faster transactions.
- PancakeSwap aims to grow its users list and boost protocol revenues.
PancakeSwap, the most popular decentralized exchange (DEX), has launched around the Polygon zkEVM blockchain within an exciting move for that crypto world. This marks PancakeSwap’s 4th integration, following effective launches around the BNB Chain, Ethereum, and Aptos.
Consequently, as announced by its developer, Chef Cacao, the woking platform is forging ahead using its expansion intends to bolster its users list and protocol revenues.
Noted for its reliance upon smart contracts rather of intermediaries, PancakeSwap has offered buying and selling, lending, and lottery services around the blockchains pointed out above. Based on DefiLlama, the woking platform presently holds over $1.54 billion price of tokens.
zkEVM: A Game Title-Changer for Users
Moroever, it’s important to note this new deployment can greatly impact users. How you might ask? Polygon’s zkEVM offers lower charges and faster transactions, a significantly-coveted feature by crypto enthusiasts. For that uninitiated, zkEVM is really a privacy-centric, layer 2 blockchain that operates within the original Polygon blockchain.
Furthermore, it’s worth mentioning that PancakeSwap already offers a few of the cheapest charges within the DEX realm, with users enjoying rates as little as .01%. Hence, the combination with Polygon zkEVM, that has attracted over $28 million as a whole value locked (TVL) since its beta mainnet launch in March, represents a substantial milestone.
To conclude, PancakeSwap’s proceed to launch on Polygon zkEVM isn’t just a proper intend to increase user adoption but additionally moving to improve protocol revenues. It reaffirms the project’s dedication to supplying users with increased affordable and faster transactions, considerably boosting the platform’s appeal. Therefore, all eyes take presctiption PancakeSwap because it navigates the following chapter.
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