Share this article
PancakeSwap DEX Launches Version 3 on BNB Chain and Ethereum
V3 brings four different trading fee tiers: 0.01%, 0.05%, 0.25% and 1%, compared with V2's single level of 0.25%.
Updated Apr 3, 2023, 4:00 p.m. Published Apr 3, 2023, 12:00 p.m.
PancakeSwap, a decentralized exchange, or DEX, with more than 1.5 million unique users, introduced Version 3 on the Ethereum and BNB Chain networks on Monday.
The upgraded platform will offer the cheapest fees for on-chain trades among counterparts such as SushiSwap and Uniswap and increased returns for liquidity providers, the exchange's developers told CoinDesk on Sunday.
STORY CONTINUES BELOW
PancakeSwap V3 also introduces features that enhance the platform's capital efficiency. These include allowing liquidity providers to concentrate their capital on smaller price ranges, a feature that results in higher fee earnings from the same amount of deposits, the developers said.
V3 will introduce four different trading fee tiers: 0.01%, 0.05%, 0.25% and 1%. V2 offered a single tier of 0.25%. Each token pair can have a liquidity pool for each fee tier, with asset pairs gravitating toward the tier where incentives for both liquidity providers and traders are most rewarding.
This approach is designed to ensure a balance between traders paying the lowest fee tier while still incentivizing the highest possible liquidity from LPs.
In the future, PancakeSwap V3 will introduce two new features: A V3 “VIP” trading rewards program and a position manager feature.
The VIP program is a tiered system that rewards traders for their trading volume with exclusive benefits such as a chance to get up to a 5% trading fee rebate – which may incentivize more platform activity and improve PancakeSwap’s revenue.
The "position panager" feature will allow traders to easily deposit liquidity and optimize that position, based on fees and rewards, over time. The tool eliminates the need for manual calculations for third-party integrations, allowing users to automatically adjust their positions and earn fee rewards while staying within range.
Both these features are in development now and are expected to be introduced soon.
PancakeSwap V3 is also compatible with all tools built for the version 3 of Uniswap, which is the largest DEX by daily users and trading volume. PancakeSwap had over $2.5 billion in total value locked as of Monday. Uniswap had $3.9 billion, DefiLlama data shows.
Plus pour vous
Ce qu'il:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Plus pour vous
Solana’s Drift Launches v3, With 10x Faster Trades
With v3, the team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%.
Ce qu'il:
- Drift, one of the largest perpetuals trading platforms on Solana, has launched Drift v3, a major upgrade meant to make on-chain trading feel as fast and smooth as using a centralized exchange.
- The new version will deliver 10-times faster trade execution thanks to a rebuilt backend, marking the largest performance jump the project has made so far.
Top Stories
