PancakeSwap adds support for Arbitrum One L2 solution


Non-custodial exchange PancakeSwap has added support for the most popular second-tier solution, Arbitrum One, powered by Optimistic Rollups technology.

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According to the developers, the new integration will speed up transactions and reduce commissions.

According to L2Beat, Arbitrum One is the top tier 2 solution with TVL $6.01 billion

Comparison of fees in various L2 solutions and on the Ethereum network. Data: L2Fees.

First, PancakeSwap will have the ability to exchange coins and provide liquidity to pools based on Arbitrum. In the coming weeks, CAKE token farming will become available on the new network, as well as IFO-platform.

Initially running only on BNB Chain, PancakeSwap also supports Ethereum, Aptos, Polygon zkEVM and zkSync Era.

Recall that in April, the third version of the popular decentralized exchange protocol was launched. In particular, PancakeSwap developers implemented the concept of concentrated liquidity.

Starting August 9th, CAKE stakers with fixed lock times receive 5% of the trading fees in the protocol weekly.

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