PancakeSwap has launched on Base — the Coinbase-incubated Ethereum layer 2 scaling network — as it continues its multichain expansion.
PancakeSwap's multichain expansion
PancakeSwap will first bring its swap and liquidity provisioning features to Base. It is then expected to bring its farm feature, which allows users to stake their liquidity provider tokens and earn PancakeSwap's native CAKE token while keeping a position in their LP tokens, to Base.as it focuses on Ethereum scaling networks. Initially built on BNB Chain, PancakeSwap now supports Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One and Consensys-powered Linea.
PancakeSwap was launched in 2020 and has grown to become the second-largest decentralized exchange protocol, just after Uniswap, according to The Block's Data Dashboard.© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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