PancakeSwap is Launched on Polygon zkEVM Network

PancakeSwap has integrated its third version of the protocol on the beta version of Polygon zkEVM’s network for improved performance, offering lower fees and faster transactions at Gas prices ranging from 0.01% to 1%.

The DEX team states that this will open up new opportunities for decentralized finance and bring its power to a wider audience.

Polygon’s total zkEVM network is curently $28.57 million. PancakeSwap already supports the BNB Chain, Ethereum, and Aptos blockchains.

April 2023 saw the launch of PancakeSwap v3 which provides liquidity providers the opportunity to focus capital on particular price ranges, as seen in Uniswap v3.

On March 27, the zero-knowledge proof (ZKP) scaling solution for Ethereum was tested. Polygon zkEVM supports Ethereum code and enables developers to capitalize on existing tools and infrastructure.

Over 50 Web3 projects have deployed around 6,000 smart contracts within the protocol, such as Lens, Aavegotchi, 0xvix, Quickswap, Etherscan, Phantom, Midnight Society, Luganodes, Celer, Gameswift, and Yeeha Games.