PancakeSwap, a decentralized exchange (DEX), unveiled its fourth iteration, PancakeSwap v4, on Friday.
The upgrade, scheduled for release in the third quarter of 2024, introduces features such as customizable liquidity pools and lower transaction fees.
According to DefiLlama, PancakeSwap was initially launched on the BNB (Binance Smart Chain) chain but now operates across nine chains.
The protocol has $2.33 billion worth of assets locked, the third largest in the world.
The new version of PancakeSwap aims to overcome the limitations of its predecessor by offering a variety of pool types, such as Concentrated Liquidity Automated Market Maker (CLAMM) and Liquidity Book.
These pools are designed to minimize temporary losses for liquidity providers and price impact for traders.
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