PancakeSwap wants to be distributed on the Aptos blockchain

PancakeSwap has big ambitions, such as establishing itself in the decentralized exchange market. DEX also aims to become a multi-chain protocol, to add value to its own token CAKE. A new step towards this ambition could soon be taken.

After Ethereum, PancakeSwap heads to Aptos

The developers of the decentralized exchange (DEX) PancakeSwap plan to implement it on the Aptos blockchain, which launched on 12 October. The goal is to position itself in new cryptocurrency markets and gain market share.

This project from DEX comes nearly three weeks after the successful distribution of PancakeSwap on the Ethereum blockchain. Assuming the community supports the idea, the launch will take place in the last quarter of this year. In addition to the provision of services of exchangesfrom agriculture and of swimming poolsPancakeSwap plans to create a native version of his token CAKE on Aptos. It will be the first token created on another blockchain.

The PancakeSwap team announces the distribution plan on Aptos

This new distribution on a new blockchain fits perfectly with PancakeSwap’s ambition to do multi-chain mining. Interaction with multiple blockchains aims to increase the protocol’s revenue and push it into the hot list. Another goal is to bring the users of these chains back to the BNB blockchain.

The Aptos ecosystem offers high transaction throughput, with relatively low fees. Its management is based on an optimized approach where developers are constantly making improvements to the network. You should know that most of the tokens on the network are in the hands of the foundation, developers, major investors, and a community pool largely under the foundation’s control. The rest is up to the users.

Initially, PancakeSwap is based on the Binance blockchain. Recall that it is the second largest decentralized exchange in terms of trading volume, according to DeFiLlama. It is so behind Uniswap. In terms of total stored value, PancakeSwap ranks third, after Curve and Uniswap.

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Luc Jose Adjinacou avatar
Luc José Adjinacou

Far from dulling my enthusiasm, a fruitless investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore decided to study and understand the blockchain and its multiple uses and to transmit information relating to this ecosystem with my pen.

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