PancakeSwap has launched PancakeSwapX, enabling users to swap tokens on both Ethereum and Arbitrum without incurring transaction fees or gas costs. Traditionally, trading on a decentralized exchange involves such expenses, but PancakeSwapX eliminates them, making trading easier and more affordable.
With PancakeSwapX, users enjoy fee-free trading, an attractive feature for frequent traders aiming to save money. Additionally, the absence of gas fees—usually required to process transactions, especially during network congestion—makes trading smoother and more accessible.
PancakeSwapX aggregates liquidity from various sources to offer better prices for trades. It draws liquidity from PancakeSwap’s pools, other decentralized exchanges, and external liquidity providers, ensuring users receive more favorable deals.
At launch, PancakeSwapX supports over 150 tokens. PancakeSwap has stated that even if a token isn’t in PancakeSwap’s pools, it can still be traded on this platform.
Furthermore, PancakeSwapX protects users from front-running bots, which exploit trades before they are completed. This safeguard ensures the value of trades remains intact.
“With the launch of PancakeSwapX, we will retire our market-making integration,” PancakeSwap noted. “This decision allows us to focus on enhancing the PancakeSwapX experience and ensuring users benefit from improved liquidity aggregation and pricing.
PancakeSwapX is initially supporting Ethereum and Arbitrum, with plans to add more blockchain networks soon. This platform allows users to trade across networks without paying gas fees, making the process easier and more convenient.
The PancakeSwap team has recently launched a Telegram Mini App, enabling users to predict price movements of various cryptocurrencies, particularly on the Binance Smart Chain (BSC).
Users can forecast whether the price of specific tokens will rise or fall over short time frames, typically one or three minutes. To participate, users must stake CAKE tokens, PancakeSwap’s native currency, to place their bets.
If their predictions are correct, users earn rewards from a share of the losing bets made by other participants. The total rewards depend on the amount wagered and the number of accurate predictions.
