PancakeSwap (CAKE) has officially launched its v3 on Ethereum Layer 2 platform Linea. This follows the successful testnet deployment of the Multi-chain DEX platform.
The launch of PancakeSwap v3 on Linea offers users advanced swaps and liquidity provision features. PancakeSwap is currently available on Ethereum, BNB Chain, Aptos, Polygon zkEVM, Arbitrum and zkSync Era.
Linea is an EVM-compatible zero-knowledge proofs network developed by Ethereum development la ConsenSys, formerly known as ConsenSys zkEVM. PancakeSwap v3 on Linea allows users to seamlessly trade their favourite tokens and participate in liquidity provision directly on the platform.
With the addition of Linea mainnet, users will benefit from improved capital efficiency and enhanced trading features such as multi-tier fee structure. Both traders and liquidity providers can access low trading fees and lower slippage.
In the coming months, users will be able to earn CAKE when they stake LP tokens. CAKE traded at around $1.28 at the time of writing, up roughly 1.2% in the past 24 hours.
The launch of PancakeSwap v3 on Linea adds to the effort of bringing more people into the DeFi space, leveraging the benefits of integration with the Layer 2 scaling solution.
