Share this article
BTC
$82,049.45
+
0.52%ETH
$1,557.44
-
2.11%USDT
$0.9994
-
0.00%XRP
$2.0085
+
0.24%BNB
$581.86
+
0.94%SOL
$118.14
+
4.29%USDC
$1.0001
-
0.00%DOGE
$0.1581
+
1.25%TRX
$0.2371
-
1.43%ADA
$0.6229
+
0.47%LEO
$9.4012
-
0.09%LINK
$12.49
+
1.14%AVAX
$19.10
+
5.32%HBAR
$0.1716
-
0.82%TON
$2.9213
-
2.53%XLM
$0.2341
+
0.04%SUI
$2.1813
+
1.01%SHIB
$0.0₄1202
+
0.62%OM
$6.3733
-
3.50%BCH
$302.98
+
2.76%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Decentralized Exchange PancakeSwap Goes Live on Polygon zkEVM Blockchain
This will be the popular DEX’s fourth blockchain after BNB Chain, Ethereum and Aptos.
Decentralized exchange (DEX) PancakeSwap will go live on the Polygon zkEVM network in line with broader plans to expand its user base and build protocol revenues, developer “Chef Cocoa” shared with CoinDesk.
As a DEX, PancakeSwap relies on smart contracts instead of middlemen to process trading, lending and lottery services for users on the BNB Chain, Ethereum and Aptos blockchains. The protocol held over $1.54 billion worth of tokens as of Wednesday, DefiLlama data shows.
STORY CONTINUES BELOW
The deployment on Polygon zkEVM will provide lower fees and faster transactions for users transacting on the zkEVM network.
Currently, PancakeSwap users can trade with fees of as low as 0.01% – one of the lowest among DEXs.
Polygon zkEVM has attracted over $28 million in total value locked (TVL) since completing its beta mainnet launch in March. The network is a privacy-focused layer 2 blockchain that operates atop the Polygon blockchain.
Shaurya Malwa
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
