PancakeSwap, a decentralized exchange (DEX) on the Binance Smart Chain, has gained popularity as a reliable alternative to other major DEXs. By utilizing the BNB Smart Chain, PancakeSwap offers lower transaction fees compared to Ethereum-based DEXs. The platform has also implemented a revenue-sharing model for its CAKE token stakers.
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In an effort to attract new users, PancakeSwap version 3 (v3) has now expanded to the Linea mainnet blockchain developed by ConsenSys. This comes after a successful testnet trial period. Traders can now use PancakeSwap v3 on Linea to exchange tokens with reduced fees and improved capital efficiency.
Linea offers quicker transactions with zero-knowledge proofs
Linea leverages zero-knowledge proofs and full Ethereum Virtual Machine compatibility to deliver faster transaction speeds and lower gas costs without compromising on security.
The PancakeSwap version 3 deployment on Linea introduces advanced swapping and liquidity provision features to give users a seamless and efficient trading experience. Liquidity providers on the DEX can now concentrate their capital within specific price ranges where most trading activity occurs to maximize capital efficiency.
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They also have access to a capital multiplier of up to 4,000x. This allows them to leverage their locked token holdings and generate higher returns during market volatility.
The expansion to Linea enables PancakeSwap to extend its services to new users while liquidity providers benefit from capital efficiencies. It demonstrates the DEX’s efforts to broaden its reach across multiple blockchains.