PancakeSwap Infinity launches on Base as L2 network hits record TVL

PancakeSwap Infinity on Coinbase’s Base

PancakeSwap Infinity, the latest version of the PancakeSwap decentralized exchange (DEX), has been introduced on Coinbase’s Ethereum layer-2 network, Base. The announcement of PancakeSwap Infinity going live on Base comes after its recent launch on BNB Chain at the end of April.

Base’s TVL Soars to New Heights

Base’s total value locked (TVL) has reached a record high of $4.295 billion, as reported by DefiLlama data. This significant increase of 33.75% from the beginning of the year showcases the growth and adoption of the Base platform. The surge in TVL was accompanied by a spike in decentralized exchange volume, with the Base DEX volume hitting a new high of $1.616 billion over the past 24 hours.

PancakeSwap’s Latest Features

PancakeSwap Infinity, a multichain protocol, offers various pool types catering to different liquidity strategies. The updated protocol also allows for customization of fee structures, promising significant fee savings on pool creation and trading activities. The integration of hooks in the protocol enables developers to add custom logic to pools without directly editing the core automated market maker implementation, providing flexibility and efficiency in managing liquidity pools.