PancakeSwap had a 2022 that included flipping new products and services across new chains — Could 2023 be even better?
PancakeSwap Details Successful 2022
PancakeSwap continued another year of Decentralized Exchange (DEX) domination that included multichain expansion, improved DEX features, and more. The DEX had an incredible year and remains a marquee protocol across the crypto industry.
The most voluminous DEX on BNB Chain sent out a tweet thread and a Medium post on January 17 detailing its highlights from 2022. The Medium from Chef Fran dove into the various details of the different product updates, the expansions to Ethereum and Aptos, plus listed overall data stats from the year. The wide array of improvements and updates shows that the Chefs cooked up quite the year in 2022.
“2022 was a very busy year for PancakeSwap. We stayed focused on developing a thoughtful and intuitive DeFi experience for our users,” Chef Fran writes. “It was also the year that PancakSwap went multichain, continuing our mission to become the leading multichain [DEX].”
The major achievements listed by Chef Fran include:
- Masterchef V2 contract release
- Fixed Term $CAKE Staking and Improved Staking benefits
- Tokenomics 2.0
- Ethereum and Aptos Expansion
- CAKE Pottery
- Smart Router/Zap
- Power Perpetual Trading partnership with Apollo-X
- Improved Initial Farm Offering v3.1
PancakeSwap put in the work across 2022 and the suite of products offered is as good as any on BNB Chain. The leading DEX of BNB Chain at the start of 2022, ended the year leading on Aptos as well.
PancakeSwap is in a prime position to continue to dominate across Aptos and BNB Chain while giving Ethereum users an easier bridge to the lower fees found on BNB Chain and Aptos.
For a full look at the year in review from PancakeSwap, check out the Medium.
What is PancakeSwap:
PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain and available multichain on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.
Where to find PancakeSwap:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.