PancakeSwap Market Maker Integration Goes Live on BNB Chain; v3 Launch Slated for April

04.03.2023

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Gearing Up for the Battle of the DEXes on BNB Chain

PancakeSwap is fortifying its position as the dominant Decentralized Exchange (DEX) on BNB Chain by integrating a feature to lower trading fees and moving forward with the launch of version 3 swap and liquidity.

The chefs at PancakeSwap are facing serious competition with the anticipated deployment of Uniswap v3, the arrival of Trader Joe, the presence of BiSwap and DODO, and the emergence of native protocols such as Thena, Baby Doge Swap, Wombat Exchange.

? Looking for the lowest trading fees on BNB Smart Chain?

? Market Maker Integration is now live on #BSC PancakeSwap

? Start trading with the lowest trading fees for 2 popular BNB assets

? Don’t miss out on the yummiest prices in town

?Learn more: https://t.co/EmlpoyHnF3 pic.twitter.com/erXpmGq35k

— PancakeSwap ? #Multichain (@PancakeSwap) March 3, 2023

Following a successful deployment on Ethereum, PancakeSwap’s Market Maker Integration is now live on BNB Chain. The feature provides additional liquidity for swaps involving two major coins, $BNB and $ETH, resulting in reduced slippage and lower costs for traders.

“PancakeSwap will not charge any trading fees for the BNB Smart Chain Market Maker Integration, providing users with the lowest trading fees on the platform,” according to a Medium post.

?Brace yourselves — PancakeSwap V3 is coming on the 1st week of April!

?A host of new features and exciting campaigns coming to enhance your DeFi experience:
?Airdrop — Add liquidity on BSC PCS now?
?Exclusive NFTs
✨VIP program with amazing rebate

Keep an ? out for more pic.twitter.com/YL9O5hL85p

— PancakeSwap ? #Multichain (@PancakeSwap) March 3, 2023

In even bigger news, the DEX is teasing the launch of PancakeSwap v3 for the first week of April. In preparation for the upgrade, the dev team said there will be an airdrop, and suggested that users “Add liquidity on BSC PCS now.”

PancakeSwap is the largest of many projects based on a fork from Uniswap v2. The “business source license” for Uniswap v3 is set to expire in April. Right now, the features of PancakeSwap v3 and Uniswap v4 remain more in the realm of possibilities rather than hard answers.

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What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.

Find more about BNB Chain here:

What is PancakeSwap:

PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain and available multichain on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.

Where to find PancakeSwap:

What is Uniswap:

Uniswap was launched in November 2018 and has grown to become the largest decentralized exchange in its category. It was built open-source on the Ethereum blockchain and uses the AMM model to facilitate Ethereum ERC-20 token swaps. Uniswap

Much of the progress made in Ethereum-based DeFi expansion is attributable to Uniswap as it provided the market-making utility for Web3 apps to function in a decentralized environment. The platform consistently records daily trade volumes of over half a billion dollars and has a total volume locked (TVL) of more than $3 billion. The platform has traded over $1 trillion since it launched via over 129 million transactions.