PancakeSwap added a new feature called Crosschain Swaps to its Swap page. This tool lets users trade tokens between BNB Chain, Arbitrum, and Base in one transaction.
It removes the need for separate bridges or apps. The update aims to make cross-chain trading faster and easier for millions of users around the world.
Seamless Integration
Crosschain Swaps lives right on the familiar PancakeSwap interface. Users no longer have to leave the platform or juggle multiple services. They simply pick a token, choose the chain they want, and complete the swap.
Most trades finish in seconds, and nearly all wrap up in under a minute. By keeping everything in one place, PancakeSwap hopes to cut confusion and save time.
How It Works?
Behind the scenes, PancakeSwap uses Across Protocol to move assets. Across relies on a network of relayers who compete to process transfers quickly and affordably.
This intent-based system has already handled more than 16 million transfers and over $23 billion in volume. PancakeSwap sends a swap request to Across, which bridges the tokens and returns them on the target chain. Traders pay only the usual AMM fee plus a small bridge fee to the relayers.
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Multi-Chain Support and Low Cost
Traders can swap any token that has liquidity on PancakeSwap. The feature works across BNB Chain, Arbitrum, and Base.
PancakeSwap does not charge extra fees for cross-chain trades beyond its standard rate. The only other cost is the bridge fee, which goes directly to the Across Protocol relayers. This setup keeps fees predictable and transparent for everyone.
Milestones and Growth
PancakeSwap has seen steady growth since its launch. The platform now boasts more than 119 million active accounts. Its cumulative trading volume has hit $1.2 trillion. Thousands of users log in every day to lend, borrow, stake, and swap tokens.Â
By folding cross-chain swaps into its core offering, PancakeSwap moves closer to making decentralised finance as simple as traditional apps.
Crosschain Swaps cuts out the usual hurdles in decentralised finance. By letting users move assets between BNB Chain, Arbitrum, and Base in one go, it saves both time and gas fees.
With Crosschain Swaps in place, PancakeSwap aims to set a new standard for user-friendly DeFi. The team plans to monitor performance and gather feedback in the coming weeks. Future updates may add more chains or new features.
Also Read: PancakeSwap Infinity (v4) Launches with BNB Chain Support, $CAKE Price Jumps 7%