 launches with BNB Chain support, innovative liquidity pools, and custom fees, boosting $CAKE price by 7%.){kind=link}
PancakeSwap, one of the leading decentralized exchange (DEX) platforms in the crypto space, has officially launched its major upgrade, PancakeSwap Infinity (v4).
The new version introduces groundbreaking features, including the first-ever support for BNB Chain, expanding the platform’s compatibility within the Binance ecosystem.
The integration of BNB Chain promises to deliver faster transaction speeds and a more seamless experience for users.
In addition, PancakeSwap Infinity introduces innovative liquidity pool types, such as CLAMM (Concentrated Liquidity Automated Market Maker) and LBAMM (Liquidity Bootstrapping Automated Market Maker), offering liquidity providers more flexibility and control over their strategies.
With these enhancements, PancakeSwap Infinity is positioned to meet the growing demands of the decentralized finance (DeFi) community, aiming for greater scalability and adaptability.
Custom Fee Structures and Optimized Gas Costs Boost Platform Efficiency
One of the standout improvements in PancakeSwap Infinity is the introduction of custom fee structures, designed to provide users with more flexibility in adjusting fees according to their needs.
The feature is especially beneficial for developers and traders, who can tailor the fee structure to specific market conditions.
Additionally, PancakeSwap Infinity focuses on reducing gas costs, a long-standing challenge in the DeFi space.
By optimizing gas fees, the platform enhances transaction efficiency, making it more attractive to both traders and liquidity providers.
These upgrades are set to improve the overall user experience, positioning PancakeSwap as a more competitive player in the fast-evolving DeFi landscape.
The ability to customize fees and reduce costs will be crucial in retaining and attracting new users, particularly in a space where transaction costs are a key consideration.
Also Read: PancakeSwap Achieves $1.2T Cumulative Trading Volume Amid Strong DEX Activity
The Significance of the “Infinity” Rebrand for DeFi’s Evolution
The rebranding of PancakeSwap from v4 to PancakeSwap Infinity reflects a forward-thinking approach to the future of decentralized finance.
The term “Infinity” represents the platform’s vision of endless possibilities and boundless potential within the DeFi ecosystem.
PancakeSwap Infinity is not only focused on meeting the current needs of its users but also on adapting to the ever-changing demands of the market.
With its focus on scalability, customization, and innovative tools, PancakeSwap Infinity aims to empower traders, liquidity providers, and developers to optimize their returns and navigate the complexities of DeFi with greater flexibility.
The rebrand underscores PancakeSwap’s commitment to continuously evolving and providing solutions that allow users to capitalize on new opportunities, making it a key player in shaping the future of decentralized finance.
$CAKE Token Price Surges Following PancakeSwap Infinity Launch
Following the official announcement of PancakeSwap Infinity’s launch, the price of its native token, $CAKE, saw a significant increase of 7%.
The surge in price reflects the positive market sentiment surrounding the platform’s new features and improvements.
As of today, the price of $CAKE stands at $2.12, with a 24-hour trading volume of over $106 million.
The recent development represents a 3.36% increase in the last 24 hours and a 6.95% increase in the past week.
With a circulating supply of 320 million $CAKE tokens, PancakeSwap’s market cap has reached approximately $673.8 million.
The increase in the price of $CAKE highlights the market’s optimism toward the platform’s growth and the potential for further expansion, as PancakeSwap Infinity’s new features and BNB Chain support are expected to drive more adoption and engagement across the DeFi space.
Also Read: PancakeSwap Tops Competitors To Become No.1 DEX With $1.639B Trading Volume, $CAKE Jumped Over 40%