PancakeSwap Launches Non-Custodial Decentralized Exchange on zkSync Era with Low Trading Fees and Concentrated Liquidity

PancakeSwap v3, a non-custodial decentralized exchange, has launched on zkSync Era, marking another milestone for the DEX which is currently deployed on multiple blockchains. With a market cap of $1.484 billion, PancakeSwap is the third largest DEX in terms of total value locked (TVL) and is known for its low trading and swap fees.

The introduction of concentrated liquidity has reduced slippage and benefited traders, while stakers of PancakeSwap's native token, CAKE, can receive up to 10% on trading rebates. The DEX is also set to launch its Initial Farm Offering (IFO) to enable users to participate in token offerings.

PancakeSwap $2.60

-2.59%

Decentralized exchange

Original Link

Comments

All Comments

Recommended for you

Ryan Sean Adams ·

Will this cycle skip Ethereum?

Ryan Sean Adams is going to take the perspective of long-term Ethereum bulls, not the obviously wrong dyed in the wool Ethereum is dead haters.
Cointime精选 ·

Genesis Global secures court approval for $3B payout

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake.
Jesse Hamilton ·

Crypto Industry Rallies Behind House Bill as It Heads Toward Final Vote

The so-called FIT21 legislation to establish a U.S. regulatory regime for digital assets is set for a floor vote next week, and the sector is telling House leaders the effort is "crucial."
cointelegraph ·

If SEC approves spot Ether ETFs, many ‘will be caught severely offside’

Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.”
cointelegraph ·

LayerZero identifies over 800K addresses in sybil self-reporting phase
Optimism 2024 Q1 Report: The implementation of EIP-4844 reduces L1 submission costs by 99%

Optimism has released its Q1 2024 report, which shows that the number of daily active addresses has reached 89,000 (a 23% increase compared to the previous period), and the daily transaction volume has increased to 470,000 (a 39% increase compared to the previous period). These indicators are slightly lower than the historical high point in Q3 2023.
LocalMonero to Shut Down in Six Months Amid Regulatory Pressure and Internal Factors

LocalMonero, a peer-to-peer exchange for trading privacy coin Monero (XMR), has disabled all trades and will be taken down in six months, according to parent company AgoraDesk. The company cited a combination of internal and external factors for the decision, but did not provide specifics. The move follows a trend of P2P crypto trading platforms shutting down due to regulatory challenges, including LocalBitcoins and Paxful. LocalMonero's closure also comes amid pressure from regulatory authorities on privacy coins, with exchanges including Binance and Coinbase delisting tokens like Monero and Zcash.
Morgan Stanley disclosed that it invested nearly $270 million in Grayscale GBTC, becoming one of the largest holders

On May 16th, Morgan Stanley disclosed in its Q1 13F filing with the SEC that it had invested $269.9 million in the Grayscale Bitcoin Trust (GBTC) to gain exposure to physical bitcoin ETFs. According to Fintel's data, this investment made it one of the largest holders of GBTC, after Susquehanna International Group (which invested $1 billion). Morgan Stanley is also one of many global systemically important banks (G-SIBs) that have disclosed investments in physical bitcoin ETFs, including Royal Bank of Canada, JPMorgan Chase, Wells Fargo, BNP Paribas, and UBS Group.
Coinbase Plans to Target Australia's Self-Managed Pensions Sector with New Service

Coinbase is developing a service that will target Australia's self-managed pensions sector, according to the exchange's Asia-Pacific Managing Director John O'Loghlen. The move comes as self-managed funds in Australia have increasingly held crypto, with nearly A$1 billion ($664 million) allocated to crypto as of the latest data from the Australian Taxation Office. O'Loghlen stated that Coinbase's offering will aim to service these clients on a one-off basis and retain their business. The interest in crypto within the self-managed pensions sector may be driven by the recent momentum gained after spot-ETF approvals in the U.S. and the possibility of similar approvals in Australia this year.
Huobi HK’s application for a Hong Kong virtual asset trading platform license was withdrawn on May 14

On May 15th, according to updated data on the official website of the Hong Kong Securities and Futures Commission, Huobi HK's application for a virtual asset trading platform license submitted to the Hong Kong Securities and Futures Commission was withdrawn on May 14th.