The decentralized cryptocurrency exchange PancakeSwap, supported by Binance, thrilled investors with its latest announcement.
According to a report by CoinDesk Global, PancakeSwap has announced its fourth version in order to make cryptocurrency trading more efficient. This version, called V4, emphasizes that transactions on the exchange will be faster, cheaper, and more user-friendly.
The team announced that the fourth version will be launched in the third quarter of 2024. PancakeSwap V4 will first be activated on the BNB Chain and Ethereum.
Chef Mochi, the Head Developer of PancakeSwap, stated that V4 will be open-source and will address many deficiencies: “PancakeSwap V4 will be released under an open-source license. It addresses deficiencies in pricing models for all assets, lack of execution functions at the CEX level, non-permanent loss for liquidity providers, and expensive on-chain gas fees for users.”
According to CoinGecko data, CAKE has shown a 14% increase in the last 24 hours and is currently trading at $4.75.
