PancakeSwap Unveils Its Innovative Bridge for Smooth Cross-Chain Transactions Across 8 Networks
In Brief
The PancakeSwap team has officially introduced the PancakeSwap Bridge, designed to streamline and enhance asset transfers across multiple chains, namely Ethereum, BNB Chain, Base, Linea, opBNB, Arbitrum One, zkSync Era, and Polygon zkEVM.
Decentralized exchange (DEX) PancakeSwap PancakeSwap has rolled out its innovative PancakeSwap Bridge, which is crafted to simplify the procedure of shifting assets between different blockchains. Leveraged by BNB Chain technology, this upgrade aims to optimize the efficiency, safety, and user-friendliness of transferring tokens across various networks.
This powerful bridge enables cross-chain transfers spanning eight different blockchains and supports the transfer of over 3,700 unique tokens. The integrated chains include Ethereum, BNB Chain, Base, Linea, opBNB, Arbitrum One, zkSync Era, and Polygon zkEVM. Wherever PancakeSwap operates, users can capitalize on the bridge for rapid and efficient asset transfers.
Furthermore, the PancakeSwap Bridge has gained significant advantages from BNB Chain's collaboration with leading cross-chain bridge solution providers like Celer, LayerZero, deBridge, Meson, and Stargate. This strategic alliance guarantees that transactions are conducted through the most secure and efficient channels, enhancing both speed and dependability.
Additionally, powered by BNB Chain’s Cross-Chain Bridge technology, this bridge provides a user-friendly platform that streamlines the asset transfer process, enabling users to move tokens across eight different chains without stepping outside the PancakeSwap environment.
To initiate a transfer, users are encouraged to access the PancakeSwap Bridge, select the desired tokens, and follow the simple prompts to facilitate the cross-chain exchange.
PancakeSwap Announces the Retirement of Simple Staking
As a decentralized finance (DeFi) platform, PancakeSwap empowers users to engage in cryptocurrency trading, take part in lotteries, vote on governance proposals, and earn rewards via staking and yield farming. The platform emphasizes swift and cost-effective transactions, constantly striving to minimize user fees.
In the last month, the exchange has attracted more than 2.3 million active users, achieving a trading volume exceeding $30 million. According to the latest statistics available on the exchange’s portal, PancakeSwap’s total value locked (TVL) has reached an impressive $384 million.
Recently, the platform announced that its Simple Staking Product will cease operations effective at 00:00 UTC on March 10th, 2025. Users should take the necessary precautions ahead of this discontinuation.
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