When will the decentralized exchange pancakeswap be launched?

In February 2021, with its low-cost model (such as V3 transaction fees varying between 0.01%, 0.05%, 0.25%, and 1%), it achieved rapid growth in trading volume and total locked value (TVL), becoming one of the largest decentralized exchanges in the industry with the largest trading volume.

On February 17, 2021, PancakeSwap became the first project on Binance Smart Chain to have a market value of $1 billion.

On July 31, 2023, PancakeSwap announced that it would share some transaction fee income with stakeholders of the native token CAKE.

On April 3, 2024, PancakeSwap launched V3 versions on Ethereum and BNB Chain, according to CoinDesk. This version introduces four different transaction fee levels, 0.01%, 0.05%, 0.25%, and 1%, while introducing capital efficiency features that allow liquidity providers to concentrate funds within a smaller price range.

On July 2, 2024, PancakeSwap announced its support for USDT native transfers powered by Wormhole in its official blog.

On July 15, 2024, PancakeSwap released its third quarter roadmap, introducing the new chef Chef Kids. The roadmap covers the launch of v4 versions, new DEX trading venues, Web3 task platform, cross-chain veCAKE expansion, game market expansion, PancakeSwap UX/UI revisions, and dual trading rewards programs. On March 10, 2025, its V4 version was officially launched, and a number of innovative functions such as dynamic handling fee pools, cross-chain transaction aggregators and NFT liquidity mining were simultaneously launched. In addition, PancakeSwap also announced a cooperation with Binance Pay, where users can directly make cross-chain payments through Binance Pay, further lowering the transaction threshold.