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PancakeSwap V3 Update To Go Live in April

Decentralized exchange PancakeSwap is preparing to move to its third version in the first week of April. PancakeSwap V3 will introduce new features to the multi-chain DEX, which it says has locked in more than $438 billion in total trading volume and more than $2.5 billion in total liquidity. These features include enhanced liquidity provision, competitive transaction fees and transaction incentives, as well as a touch-up to the yield farming experience, the announcement said. Mochi, chief executive of PancakeSwap, said in his statement:

“The new features we’re introducing will provide an even better experience for our users and help make DeFi accessible to more people than ever before.”

While PancakeSwap is currently the most dominant decentralized exchange on the chain, Uniswap V3 will be deployed on BNB after its DAO votes in favor of this move. The management proposal stated that Uniswap could target up to half of PancakeSwap’s market share. The previous version of PancakeSwap was deployed on Ethereum and Aptos. In October, the Decentralized exchange accepted a management proposal to deploy it on the Layer 1 blockchain set up by former Meta employees.

Overall, PancakeSwap V3 is set to introduce a host of exciting new features that will enhance the trading experience for users on the platform. With a history of strong growth and popularity, PancakeSwap wants to continue attracting more users to its platform and solidify its position as a leading decentralized exchange in the DeFi space.

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