PancakeSwap launched PancakeSwapX to allow users to exchange tokens in both Ethereum and Arbitrum without incurring transaction fees or gas costs. Traditionally, trading on decentralized exchanges involves such costs, but PancakeSwapX eliminates those costs, making trading easier and more affordable.
PancakeSwapX allows users to enjoy commission-free trading. This is an attractive feature for frequent traders who want to save money. Additionally, there are no gas fees typically required to process transactions, especially during times of network congestion, making transactions smoother and more accessible.
PancakeSwapX aggregates liquidity from various sources to provide better prices for your trades. We draw liquidity from PancakeSwap’s pools, other decentralized exchanges, and external liquidity providers to ensure users receive better trades.
At launch, PancakeSwapX will support over 150 tokens. PancakeSwap states that even if your tokens are not in PancakeSwap’s pool, they can still be traded on the platform.
Additionally, PancakeSwapX protects users from front-running bots that exploit trades before they are completed. This safeguard ensures that the value of the transaction is not compromised.
“With the launch of PancakeSwapX, market-building integrations will be abolished,” PancakeSwap said. “This decision allows us to focus on enhancing the PancakeSwapX experience and ensuring our users benefit from improved liquidity aggregation and pricing.
PancakeSwapX initially supports Ethereum and Arbitrum, and plans to add more blockchain networks soon. The platform allows users to trade between networks without paying gas fees, making the process easier and more convenient.
The PancakeSwap team recently released a Telegram Mini app that allows users to predict price movements of various cryptocurrencies, especially Binance Smart Chain (BSC).
Users can predict whether the price of a particular token will rise or fall in a short time frame (typically 1 to 3 minutes). To participate, users must place a bet with PancakeSwap’s native currency, CAKE tokens.
If the prediction is correct, the user earns a reward from the share of losing bets made by other participants. The total reward depends on the stake and the number of correct predictions.
