PancakeSwap [CAKE] is all set to release its latest version on 14 April, which might play a role in increasing the network’s transactions. According to Dune, CAKE’s number of transactions has taken a sideways path lately.

Decentralized Finance (DeFi) has emerged as a revolutionary concept in the financial world.

Pancakeswap is a decentralized exchange (DEX) for swapping BEP20 tokens on Binance Smart Chain. It uses an automated market maker (AMM) model where users trade against a liquidity pool. The liquidity pools are filled by liquidity providers who stake their tokens in the pool to earn a share of the trading fees.

PancakeSwap (CAKE), the leading multichain decentralized exchange (DEX) running on the Binance Smart Chain (BSC), has suffered a significant 12% drop in its total value locked (TVL) to $2.4 billion.