\t\t\t\t\t\t\t\t![](\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/IMG-9126-scaled-e1677641698928-80x80.jpg\")
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\t\t\t\t\t\t\t\tPosted: September 30, 2023 \t\t\t\t\t\t Popular Automated Market Maker <\/span>PancakeSwap [CAKE]<\/span><\/a> has announced that the third version (v3) of its Decentralized Exchange has launched on opBNB, BNB Chain<\/a>\u2019s L2 rollup.\u00a0<\/span><\/p>\n Read <\/span>PancakeSwap\u2019s [CAKE] Price Prediction<\/span><\/a> 2023-2024<\/span><\/p>\n According to the announcement, the collaboration between both projects would enable users to access low transaction fees. It would also enable high transaction speed on the multichain DEX.<\/span><\/p>\n For the uninformed, opBNB is the bedrock version of Optimism\u2019s [OP]<\/a> Stack and was launched on 13 September. The combination of the OP Stack and the BNB Chain allows for cost-effective gas fees while delivering high-performance transactions.<\/span><\/p>\n As a result, PancakeSwap noted that the deployment would help accommodate about 4,000 Transactions Per Second (TPS) while gas fees could be as low as $0.005.<\/span><\/p>\n \ud83d\udc30PancakeSwap v3 has officially launched on opBNB @BNBCHAIN<\/a>! <\/p>\n \ud83d\udd00Trade with fees as low as 0.01% \ud83d\udc49Learn more: https:\/\/t.co\/nvu7sZk0L7<\/a><\/p>\n \ud83c\udfa5: https:\/\/t.co\/xllWcW0fu2<\/a> pic.twitter.com\/6QJWp4RdAt<\/a><\/p>\n \u2014 PancakeSwap\ud83e\udd5eEveryone’s Favorite DEX (@PancakeSwap) September 28, 2023<\/a><\/p>\n<\/blockquote>\n The disclosure marks the latest collaboration PancakeSwap has had after it announced a number of <\/span>partnerships<\/span><\/a>, including the one with Coinbase L2 Base. Interestingly, this announcement also came after PancakeSwap reportedly <\/span>surpassed<\/span><\/a> BNB Chain\u2019s revenue.\u00a0<\/span><\/p>\n Despite the integration, PancakeSwap\u2019s network growth has failed to improve. According to Santiment, the network growth was down to 1262 in the last 24 hours. By definition, the network growth of a project measures the number of new addresses interacting with the blockchain.<\/span><\/p>\n An increase in the metric <\/span>suggests<\/span><\/a> increasing adoption. On the other hand, a decrease like it was with PancakeSwap means traction has been low. Like the network growth, the 24-hour active addresses also dropped.<\/span><\/p>\n Active addresses indicate the daily level of deposits into a network within a specific timeframe. When the metric increases, it implies a surge in crowd interaction. <\/span><\/p>\n However, when the active addresses reduce, it means that there is a low level of speculation to trigger increased transfers on a network.\u00a0<\/span><\/p>\n Regardless of the underlying on-chain response, personnel from the BNB Chain and PancakeSwap both mentioned that the collaboration had advantages for the parties.\u00a0<\/span><\/p>\n In a press release sent to AMBCrypto, Arno Bauer, Senior Solution Architect at BNB Chain, said that the combination of the projects could pave the way for better accessibility with Decentralized Finance (DeFi). Bauer said,<\/span><\/p>\n \u201cCombining the power of PancakeSwap with opBNB\u2019s low fees, high throughput, and scalable infrastructure, this integration paves the way for a new era of DeFi accessibility and functionality.\u201d<\/span><\/p>\n<\/blockquote>\n Realistic or not, here\u2019s <\/span>CAKE\u2019s market cap in BNB\u2019s terms<\/span><\/a><\/p>\n
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\nopBNB tops the icing on CAKE<\/b><\/h4>\n
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\ud83e\udd48Provide liquidity to the 2nd largest DEX
\u26fd\ufe0fTransfer with gas fees as low as $0.005<\/p>\nA partnership with better functions?<\/b><\/h4>\n
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