PancakeSwap v3 is Live on Ethereum’s Linea

PancakeSwap v3 launch on Ethereum’s Linea mainnet brings easier, more efficient, and lower-cost decentralized trading to users worldwide.

The decentralized exchange PancakeSwap has launched its Version 3 (v3) on Linea mainnet, Ethereum’s Layer 2 solution. Developed by Ethereum’s ConsenSys lab, Linea aims to attract new users and bolster PancakeSwap’s revenue growth. This expansion builds upon a successful testnet phase, allowing traders to engage in token trading with the benefit of lower fees and enhanced capital efficiency.

PancakeSwap’s availability is now broadened, including platforms like Ethereum, BNB Chain, Aptos, Polygon zkEVM, zkSync Era, and Arbitrum. The transition to Linea represents a significant milestone for PancakeSwap, as Linea was formerly recognized as ConsenSys zkEVM.

Linea’s Technological Advantage

Linea leverages zero-knowledge proofs along with the complete power of the Ethereum Virtual Machine (EVM) to ensure faster transaction speeds and reduced gas fees without sacrificing security. In the Ethereum network, EVMs act as virtual computers where all accounts and smart contracts reside. Zero-knowledge proof is a unique feature that validates the authenticity of transactions without exposing the specific data related to them.

The integration of PancakeSwap v3 with Linea brings new advanced functionalities for Swap and Liquidity Provision. This upgrade ensures a seamless trading experience for users and offers them the opportunity to maximize capital efficiency.

Liquidity providers, who are essential components in a decentralized exchange (DEX), can focus their assets within specific price ranges, typically where most trading happens. The strategic placement of assets will allow them to multiply their capital by up to 4,000 times. This leverage of locked token holdings leads to significantly higher returns, particularly during market fluctuations.

Upcoming Features 

PancakeSwap also plans to introduce its farm feature on Linea in the near future. This addition will permit users to stake their LP tokens and earn PancakeSwap’s indigenous CAKE tokens.

The launch of PancakeSwap v3 on Linea mainnet marks a promising advancement in decentralized trading. With features aimed at improving user experience, cutting down costs, and enhancing capital efficiency, PancakeSwap continues to position itself at the forefront of the decentralized finance (DeFi) landscape.

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