PancakeSwap Infinity Launches on Base Network
PancakeSwap Infinity, the latest iteration of the decentralized exchange (DEX), is now live on Coinbase’s Base network. This rollout aligns with Base reaching a record total value locked (TVL) of $4.295 billion, a key milestone for this layer-2 solution. Following its initial release on BNB Chain, PancakeSwap Infinity expands its reach with this multichain deployment.
Base Network Hits Record TVL and DEX Volume
Data from DefiLlama shows Base’s TVL surged 33.75% year-to-date to $4.295 billion. The network also achieved $1.616 billion in DEX volume within 24 hours, demonstrating growing adoption. These metrics position Base as an emerging leader among layer-2 solutions.
Key Features of PancakeSwap Infinity
- Diverse pool options for various liquidity strategies
- Customizable fee structures
- Up to 99% reduction in pool creation costs
- Approximately 50% savings on ETH/ERC-20 trades
Smart Contract Hooks Enhance Flexibility
PancakeSwap Infinity introduces hooks – smart contract plugins that enable custom logic for liquidity pools. These execute around critical events like pool creation or swaps, allowing developers to implement features like dynamic fees without core protocol modifications.
Base Network Gains Traction
Base’s capability to process 1,000+ transactions per second rivals layer-1 chains like Solana. Its selection by JPMorgan’s blockchain team for testing the JPMD token underscores its growing institutional relevance.
Looking Ahead
The integration of PancakeSwap Infinity with Base represents significant progress for decentralized finance. This collaboration combines advanced DEX functionality with high-performance layer-2 infrastructure, potentially accelerating mainstream adoption of decentralized trading solutions.
