Hassan Maishera
The Pancakeswap team announced via a blog post on Friday that it has launched PancakeSwap v4, a groundbreaking iteration designed to address these challenges head-on.
Pancakeswap v4 is scheduled to launch in the third quarter of this year on Ethereum and BNB Chain, with intentions to expand to additional chains in the future. At launch, PancakeSwap v4 will support multiple pool types, including CLAMM and Liquidity Book.
Furthermore, Pancakeswap v4 consolidates all pools into a single contract (singleton), reducing the deployment cost by 99%. Gas cost is further reduced for multi-hop swaps as there is no need to transfer tokens between separate contracts.
Finally, the PancakeSwap v4 code will be released under an open-source license, empowering developers to innovate, customize, and collaborate freely.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by 4% today and is currently trading at $4.162.
