PancakeSwap Expands to Ethereum’s Base Network for DeFi Transactions

One sentence summary – PancakeSwap is expanding its operations to the Ethereum layer-2 network Base as part of its multi-chain strategy, aiming to offer users more options for decentralized finance transactions, while leveraging the Coinbase ecosystem to drive mass adoption of DeFi and contribute to a more inclusive DeFi landscape, following the success of other exchanges like Uniswap and SushiSwap on Base, and the effectiveness of liquidity mining programs demonstrated by Aerodrome.

At a glance

  • PancakeSwap is expanding to the Ethereum layer-2 network called Base as part of its multi-chain strategy.
  • PancakeSwap is already live on four other Ethereum rollups: Polygon’s zkEVM, zkSync Era, Arbitrum, and Linea.
  • The majority of PancakeSwap’s liquidity is currently concentrated on the BNB Chain, amounting to approximately $1.37 billion.
  • PancakeSwap aims to leverage the Coinbase ecosystem to drive mass adoption of DeFi and empower users.
  • Base is a popular choice for DeFi projects, with other decentralized exchanges like Uniswap, SushiSwap, and 1inch also launching on the network.

The details





PancakeSwap, a decentralized exchange initially built on the BNB Chain, is expanding its operations to the Ethereum layer-2 network called Base.

This move is part of PancakeSwap’s multi-chain strategy, aiming to broaden its reach and offer users more options for decentralized finance (DeFi) transactions.

In addition to expanding to Base, PancakeSwap is already live on four other Ethereum rollups: Polygon’s zkEVM, zkSync Era, Arbitrum, and Linea.

However, the majority of PancakeSwap’s liquidity, amounting to approximately $1.37 billion, is currently concentrated on the BNB Chain.

PancakeSwap seeks to leverage the Coinbase ecosystem to foster a more inclusive DeFi landscape.

By tapping into Coinbase’s resources and user base, PancakeSwap aims to drive mass adoption of DeFi and empower users to participate in decentralized finance activities more easily.

The expansion of PancakeSwap to Base demonstrates the platform’s commitment to providing a diverse range of options for users and fostering the growth of DeFi across different networks.

Notably, other prominent decentralized exchanges such as Uniswap, SushiSwap, and 1inch have also launched on Base, further solidifying its position as a popular choice for DeFi projects.

Alongside PancakeSwap, a new exchange called Aerodrome has gained significant traction on Base.

This success can be attributed to its liquidity mining program, which incentivizes users with its native governance token, AERO.

Additionally, it is worth mentioning that the usage of Ethereum layer-2 networks has experienced fluctuations in user activity.

The introduction of the social media app Friend.tech led to increased network activity.

However, when the usage of Friend.tech declined, network activity experienced a decrease as well.

PancakeSwap’s expansion to the Ethereum layer-2 network Base, along with its presence on other Ethereum rollups, demonstrates the platform’s commitment to providing users with various options for decentralized finance transactions.

By leveraging the Coinbase ecosystem, PancakeSwap aims to drive mass adoption of DeFi and contribute to a more inclusive DeFi landscape.

The popularity of Base is further evidenced by the presence of other reputable exchanges like Uniswap and SushiSwap.

Additionally, the success of Aerodrome on Base highlights the effectiveness of liquidity mining programs.

Finally, fluctuations in Ethereum layer-2 network activity have been observed, influenced by the adoption and decline of the social media app Friend.tech.


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– PancakeSwap, a decentralized exchange on BNB Chain, is expanding to the Ethereum layer-2 network Base.
This expansion is part of PancakeSwap’s multi-chain strategy.
– PancakeSwap is also live on four other Ethereum rollups: Polygon’s zkEVM, zkSync Era, Arbitrum, and Linea.
The majority of PancakeSwap’s liquidity, 94.8% of $1.37 billion, is currently on the BNB Chain.
– PancakeSwap aims to leverage Coinbase’s ecosystem to build a more inclusive DeFi landscape.
– PancakeSwap’s launch on Base reflects its commitment to driving mass adoption of DeFi and empowering users.
– Other exchanges, including Uniswap, SushiSwap, and 1inch, have also launched on Base.
– Aerodrome, a new exchange on Base, has gained significant traction due to liquidity mining for its native governance token, AERO.
– Ethereum layer-2 user activity increased due to the social media app Friend.tech.
– However, network activity decreased when Friend.tech usage declined.

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