As PancakeSwap V3 goes live on BNB Chain and Ethereum, CAKE reacted by…

The official announcement mentioned several new features and changes that PancakeSwap’s V3 brought with it. For instance, V3 will offer considerably lower fees—up to 25 times lower compared to the previous version.’s revenue had been on a declining trend. V3’s lower fee could attract new users, which could then result in an increase in the network’s revenue.

Apart from low fees, another key aspect of PancakeSwap V3 is capital efficiency. By selecting a specific price range when providing liquidity, liquidity providers could now “concentrate” their capital into smaller price intervals with V3. It was also interesting to note that PancakeSwap V3 was built on top of Uniswap V3 with added refinements.Though the update looks promising, PancakeSwap’s network value does not seem to have been affected positively yet.

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