PancakeSwap Hits Trading Volume Milestone and Unveils Major Upgrade

PancakeSwap, a decentralized exchange, has reached $836 billion in cumulative trading volume and holds about $1.72 billion in total value locked (TVL) after four years of operation.

While its TVL has declined from a peak of $7.16 billion in May 2021, PancakeSwap still serves over 43 million unique addresses, operating through an automated market maker (AMM) model.

The platform is set to launch PancakeSwap v4, an update designed to address limitations in AMM models, such as inflexible pricing and high gas fees.

This upgrade aims to improve liquidity, scalability, and trading tools, with the goal of boosting capital efficiency and user experience.

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PancakeSwap also plans to expand its DEX to additional blockchains and is currently hosting a developer program to attract builders ahead of the v4 launch.

Available on nine chains since its 2020 debut, PancakeSwap continues to focus on enhancing accessibility and functionality in the decentralized exchange space.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.