PancakeSwap expands to zkSync era, enhancing DeFi scalability

In a significant development for the DeFi sector, PancakeSwap, the leading decentralized exchange (DEX) on the Binance Chain, has announced its launch on zkSync Era, an Ethereum Layer 2 network. This move is set to enhance the scalability and efficiency of the DEX, offering users reduced gas costs and faster transaction times.

Timeline of Pancakeswap

Decentralized Exchange (DEX) PancakeSwap (CAKE), has announced the launch of PancakeSwap v3 on zkSync Era, a Layer 2 scaling solution that promises to deliver improved scalability, efficiency, and cost-effectiveness to its users. According to the announcement, with the popularity of ZK rollups increasing and users and builders increasingly looking to L2 solutions, PancakeSwap is thrilled to offer users and developers even more reasons to build and trade on its DEX.

PancakeSwap, a leading decentralised exchange (DEX) platform with over $1.52 billion in total locked-value, is seeking the community's vote on whether to support the upcoming IFO of decentralised stablecoin protocol Sable Finance. Sable Finance is built on the BNB Chain, and its Beta will utilise BNB collateral.

After a week-long decline, CAKE's price increased by more than 4% in the last 24 hours. A possible reason for the latest uptrend could be PancakeSwap's integration with Google Cloud.

The price PancakeSwap (CAKE), has surged in the last 24 hours following a partnership between PancakeSwap and Alphabet Inc's (NASDAQ: GOOGL) Google Cloud. The partnership is aimed at ensuring the availability and reliability of the infrastructure of the decentralized exchange platform.

PancakeSwap (CAKE) partners with Google Cloud to achieve high availability and faster operations. Since then, CAKE has hit the fourth spot on top gainers today with a 3.8% price increase in the last 24 hours.

PancakeSwap (CAKE), a decentralized trading platform, has partnered with Google Cloud to ensure the availability and reliability of its infrastructure. As the demand for decentralized finance (DeFi) grows, PancakeSwap aims to offer users a user-friendly platform to trade their assets without intermediaries.

NEAR Protocol (NEAR), ApeCoin (APE), and PancakeSwap (CAKE) have emerged as the leading gainers among mainstream crypto assets, defying the prevailing market downtrend that has affected tokens like bitcoin (BTC) and ether (ETH).

Cake DeFi, a prominent player in Southeast Asia's digital asset space, proudly marks its fourth anniversary with impressive achievements and robust growth. While many crypto companies faced challenges, Cake DeFi defied the odds and flourished, experiencing significant success and expanding its product offerings.

PancakeSwap price analysis shows a continuation of struggles for the token, as price took another turn downwards over the past 24 hours. CAKE price fell down to $1.39 today, incurring more than 1 percent in decline.

PancakeSwap price analysis shows a meagre uptrend taking place, as price slowly begins to trend upwards. CAKE price reached up to the $1.43 mark over the past 24 hours, in pursuit of the $1.5 resistance.