Decentralized exchange platform PancakeSwap has launched V3 on the BNB Chain and Ethereum, offering higher efficiency and flexibility compared to V2. The trading fee has been reduced by 25 times, while there has been a 4,000-fold increase in capital efficiency. Liquidity providers have more flexibility in setting the fee structure, with a range of four different fee structures available. The PancakeSwap treasury and liquidity providers will each receive an appropriate share of the trading fee, and arrangements are in place to ensure that a portion goes towards burning CAKE tokens. V3 aims to further cement PancakeSwap's position on the BNB Chain while gaining the top rank on the Ethereum chart. The platform also has two more features in the pipeline: Position Manager and VIP Trading Reward Points.

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On Monday, Pancakeswap launched version three of its protocol on the Ethereum and Binance Coin (BNB) blockchains, following an announcement in the first week of March. “It’s Pancakeswap v3 Day. Tell us how excited you are,” the dex platform’s official Twitter account posted. According to Pancakeswap developers, the latest iteration features improved capital efficiency, allowing liquidity providers to concentrate capital more efficiently.

PancakeSwap, a decentralized exchange (DEX) with over 1.5 million unique users, has launched Version 3 (V3) on Ethereum and BNB Chain. V3 offers the cheapest fees for on-chain trades among SushiSwap and Uniswap and has increased returns for liquidity providers. The platform introduces features that enhance the platform's capital efficiency, including allowing liquidity providers to concentrate their capital on smaller price ranges, resulting in higher fee earnings. V3 introduces four different trading fee tiers and a VIP trading rewards program and a position manager feature are currently in development. PancakeSwap V3 is also compatible with all tools built for Uniswap version 3. PancakeSwap had over $2.5 billion in total value locked (TVL) as of Monday.