Hassan Maishera
The Pancakeswap team announced via a blog post on Thursday that PancakeSwap v3 has officially launched on the Polygon zkEVM Mainnet Beta. With powerful features inherited from the latest version of PancakeSwap, this deployment brings lower trading fees, increased fee returns for liquidity providers, and improved capital efficiency, making it the industry's most efficient and user-friendly DEX.
By embracing Ethereum Layer Two (L2) technology, Pancakeswap is set to unlock new opportunities and deliver exceptional user benefits, the team added.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by 4% today and is currently trading at $1.544.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is up by 5% in the last 24 hours and is currently trading at $0.6485.
