PancakeSwap, the leading multichain decentralized exchange (DEX) celebrates its 4th birthday with significant milestones, reinforcing its position in the DeFi space.
Celebrating Significant Milestones
Since its inception, PancakeSwap has garnered immense global support, serving over 43 million cumulative unique addresses and reaching a Total Value Locked (TVL) of $1.67 billion. The platform’s cumulative trading volume has reached $836 billion, underscoring its prominence as a trusted DEX in the DeFi ecosystem. These milestones also signify the trust and confidence that PancakeSwap has cultivated among its global community of users, developers, and ecosystem partners. With PancakeSwap’s user-centric approach and innovations, today it continues to lead in offering user-friendly and innovative DeFi solutions across 9 different blockchains.
In its 4th year, PancakeSwap made several groundbreaking strides in tokenomics. A notable achievement includes a net burn of 5.9 million CAKE in the past twelve months, reinforcing its deflationary model. The platform also expanded its veCAKE functionality and introduced Gauges Voting across multiple chains, further enhancing decentralized governance. PancakeSwap’s newly launched Revenue Sharing Program has distributed 757,613 CAKE, benefiting users and showcasing the platform’s commitment to rewarding its community.
An Ever-Growing Community and Ecosystem
PancakeSwap boasts a following of 2.3 million social media users across all platforms. The platform’s global reach is further amplified by a network of over 40 ambassadors and content creators, voluntarily supporting PancakeSwap’s mission to make DeFi accessible to all.
As a testament to its community-driven ethos, this year PancakeSwap has hosted three major community meetups, three hackathons, and has more community meetups planned for the remainder of the year.
Partnerships have also played a pivotal role in PancakeSwap’s growth. The platform’s extensive network of integrations with bridges, wallets, fiat on-ramp providers, and a wide array of DeFi ecosystem builders continues to drive innovation to deliver a seamless experience to users. These collaborations have solidified PancakeSwap’s position as a key player in the Web3 ecosystem.
Birthday Celebration to Remember
On September 17th, PancakeSwap celebrated its 4th anniversary by hosting a special birthday event during Token2049 Singapore, alongside partners Astherus and Lista DAO. The event brought together over 200+ community members, partners, and DeFi enthusiasts to commemorate the platform’s achievements over the past four years.
This month, PancakeSwap also launched its first-ever Prediction Telegram Bot – Beta, allowing users to make predictions on BNB Chain and bringing its popular predictions product to user’s fingertips. To celebrate, the Prediction Telegram Bot (Beta) Birthday Campaign is giving away $4,444 in rewards to users who participate through the Telegram bot with the campaign set for September 22nd (00:00 UTC to 23:59 UTC).
Looking Ahead: PancakeSwap v4 on the Horizon
As PancakeSwap celebrates its 4th year milestone, the anticipated release of PancakeSwap v4 is also on the horizon. This major update is set to bring enhanced user experience, scalability, and products that will continue to position PancakeSwap as a leading force in the decentralized finance space. v4 aims to build on PancakeSwap’s foundation, with improvements to liquidity provision, interoperability, and more to bring an even more efficient and rewarding experience for users.
The protocol has released its v4 whitepaper this year, a $500K developer program designed to attract top tie builders in the buildup to the official launch of v4. As part of this $500K developer program, PancakeSwap is currently hosting a v4 Hookathon on Dorahacks with submissions open until September 30th.
About PancakeSwap
PancakeSwap is a leading multichain decentralized exchange that operates on an automated market maker (AMM) model and is available across nine chains: BNB Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One, Linea, Base, and opBNB. Launched in 2020, PancakeSwap is one of the most popular DEXs in the cryptocurrency industry due to its low transaction fees, high-speed trading, and user-friendly platform. PancakeSwap has over $836 billion in cumulative trading volume and over $1.67 billion in total value locked, making it a leading multichain DEX in the industry. For more information, visit website.
The post PancakeSwap Celebrates 4th Birthday with Milestone Achievements of $836 Billion Cumulative Trading Volume and 43 Million Cumulative Unique Addresses appeared first on BeInCrypto.
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