PancakeSwap Expands to zkSync Era
PancakeSwap, the decentralized exchange (DEX) initially launched on the BNB Chain, is now expanding its reach to zkSync Era, according to an announcement by Chef Cocoa to CoinDesk on the evening of July 27.
Expansion to zkSync Era
PancakeSwap’s integration with zkSync Era is part of its broader strategy to enhance platform expansion and generate additional revenue. The integration will enable token swaps and liquidity provision with a transaction fee of 0.01%. Earlier in April, PancakeSwap introduced version 3, offering users four different fee levels and numerous significant improvements.
In the upcoming weeks, the farming feature will become operational, allowing users to stake LP tokens to earn CAKE. Liquidity Pools (LPs) are pools of tokens locked in a smart contract that boost liquidity and facilitate faster trading.
Multi-Chain Support
PancakeSwap now serves users across five blockchains: BNB Chain, Ethereum, Polygon zkEVM, Aptos, and as of today, zkSync Era. According to DefiLlama, the protocol currently holds over $1.57 billion in token value.
About zkSync Era
Developed by Matter Labs, zkSync Era was launched at the end of March as an Ethereum layer-2 blockchain compatible with the Ethereum Virtual Machine (EVM). This compatibility allows developers to build applications that can operate seamlessly between zkSync and the Ethereum mainnet using a unified codebase.
