PancakeSwap Launches v3 Liquidity Pools on Solana – Crypto News – Crypto News
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PancakeSwap Launches v3 Liquidity Pools on Solana PancakeSwap Launches v3 Liquidity Pools on Solana

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PancakeSwap Launches v3 Liquidity Pools on Solana – Crypto News

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3 months ago

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The move brings lower fees and higher earnings to traders and liquidity providers on one of crypto’s fastest chains.

PancakeSwap has launched v3 liquidity pools on the Solana blockchain, offering cheaper trades and better yields for liquidity providers. PancakeSwap is a decentralized exchange (DEX) with a total value locked (TVL) of $1.9 billion, according to DeFiLlama.

V3 refers to the third version of PancakeSwap’s liquidity protocol, launched in April 2023. At the time, PancakeSwap said it offered the “lowest fees in the industry for traders, increased fee returns for liquidity providers, and new tools that make the user experience even more seamless and user-friendly,” per PancakeSwap’s blog.

With the launch of native v3 pools on Solana, traders can now access lower slippage and fees starting at 0.01%. Meanwhile, liquidity providers can earn up to 84% of the trading fees, according to a press release viewed by The Defiant.

The v3 pools employ a Concentrated Liquidity Automated Market Maker (CLAMM) system that lets liquidity providers “allocate liquidity within custom price ranges, maximizing fees while minimizing idle capital.”

Solana, which holds around $12 billion in TVL, is known for fast transactions and low fees. The upgrade not only brings v3 infrastructure to Solana but also reflects a wider push across decentralized finance (DeFi) to reduce trading costs and make liquidity more flexible.

“With the launch of v3 liquidity pools on Solana, PancakeSwap is expanding DeFi accessibility to crypto users by providing deeper liquidity, higher capital efficiency, and a better trading and earning experience on Solana — reinforcing its commitment to building the DeFi industry’s most efficient, user-friendly, and multichain DEX,” the press release reads.

The news follows PancakeSwap’s recent expansion on Solana, where it introduced token swaps in April as part of a broader effort to grow its ecosystem.

Earlier this month, the DEX reported a record $173 billion in monthly trading volume, its highest since 2020. In late May alone, it processed $75 billion in trades over a single week, a 131% week-over-week increase.

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