When will the decentralized exchange pancakeswap be launched?

Launched in 2020, PancakeSwap, a decentralized exchange on Binance Smart Chain, quickly gained popularity due to its low fees, user-friendly interface, and innovative AMM model, becoming one of the largest DEXs.

Mar 21, 2025 at 03:26 pm

PancakeSwap, as a well-known decentralized exchange, was officially launched in September 2020. Its birth comes at a time when the field of decentralized finance (DeFi) is booming, providing users with an innovative way to trade cryptocurrency on the blockchain.

PancakeSwap is built on Binance Smart Chain (BSC). Binance Smart Chain has the characteristics of high throughput and low transaction fees, which provides strong support for the efficient operation of PancakeSwap. In the early days of its launch, it attracted many users with its unique trading mechanism and user-friendly interface.

Unlike traditional centralized exchanges, PancakeSwap adopts the Automated Market Maker (AMM) model. In this model, the completion of the transaction does not depend on the direct matching between the buyer and the seller, but is achieved through a liquidity pool. Users provide two cryptocurrencies to the liquidity pool. The liquidity pool determines the transaction price based on the preset algorithm, thus ensuring the immediacy of the transaction. 

In the development process after its launch, PancakeSwap continues to innovate:

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.

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