PancakeSwap Integrates Base L2 Solution

The non-custodial exchange PancakeSwap added support for the third version of the protocol on the Ethereum-based second-layer Base, supported by Coinbase.

Now the platform offers swap and liquidity-provision features, with farming coming soon.

Users will be able to independently choose preferred pools with low slippage directly via the protocol or the exchange interface. Transaction fees range from 0.01% to 1%.

Among Base’s advantages in PancakeSwap, ‘first-class’ security and scalability were highlighted. The exchange’s representatives also noted the ease of deploying financial applications thanks to Coinbase’s support.

“By leveraging Base’s security measures and Ethereum compatibility, we offer users a reliable and cost-efficient trading experience. In addition, integration with the Coinbase ecosystem provides the opportunity for mass crypto adoption, which makes it a significant milestone on the path to a more inclusive DeFi environment,” the developers said.

Together with the new protocol, PancakeSwap is now available on eight networks, including Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum and Linea.

On August 9, Coinbase opened the Base mainnet for public access. Soon after, L2-solution support was integrated by platforms Velodrome, Compound, 1inch, Uniswap and Symbiosis Finance.

By the end of August, Base led in transaction counts over other Optimistic-based second-layer networks. The metric peaked at 889,000, but then began to gradually decline.

In April, the launch took place of PancakeSwap v3. In particular, the developers implemented the concentrated-liquidity concept.

Since August 9, CAKE stakers with fixed lock-up periods receive 5% of the protocol’s trading fees weekly.