The Pancakeswap informed its community via Twitter on Monday that its CAKE token will soon be deployed on the Aptos blockchain. This comes after the community passed the Aptos deployment vote.
Aptos is the first blockchain which PancakeSwap will be fully integrated with. PancakeSwap will be deploying its CAKE token natively on Aptos along with its key products. Additionally, Aptos and PancakeSwap users and projects will be able to enjoy all the core products of PancakeSwap, such as Swap, Farm, Pools and IFO.
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 1% today and is currently trading at $4.386.
Aptos is a scalable layer 1 blockchain based on Move programming language. APT is the native token of the project. APT is down by more than 1% and is trading at $9.2601 per coin.