menuIcon
$ 94,936.4
BTC
$ 94,936.4
0.01 %
$ 1,808.18
ETH
$ 1,808.18
0.09 %
$ 0.6920
ADA
$ 0.6920
-0.92 %
$ 600.47
BNB
$ 600.47
-0.41 %
$ 148.71
SOL
$ 148.71
1.08 %
Gungun Bhatia
Oct 20, 2022
by Gungun Bhatia

PancakeSwap Considering Aptos After Ethereum Integration

PancakeSwap

Table of contents

  1. PancakeSwap Expands to Ethereum Blockchain
  2. PancakeSwap Focuses on Becoming Multichain
  3. Aptos Airdrops 20Mn Tokens
Developers of PancakeSwap have requested that the exchange be expanded to include the recently released Aptos blockchain. The proposal states that the team plans to swiftly introduce four of the main characteristics — swaps, farms, pools, and initial farm offerings on the blockchain. The objective is to seize market share as quickly as possible with the expectation of dominating the ecosystem as an exchange.

Additionally, a native CAKE token will be developed on Aptos, making it the inaugural native CAKE token on a different network. If the community approves, the deployment will happen in Q4.

PancakeSwap Expands to Ethereum Blockchain

launched on October 12, the Aptos blockchain aspires to offer a platform with minimal transaction costs and fast bandwidth. There was a tiny airdrop to early investors even though the bulk of tokens were owned by the foundation, key developers, financiers, and a community pool primarily under the organization's management.

This action follows PancakeSwap's recent expansion to the Ethereum blockchain. Cross-chain farming, which involves cultivating tokens on both chains, started a week after the exchange stated that the integration was operational on October 4.

PancakeSwap Focuses on Becoming Multichain

According to DeFiLlama, PancakeSwap, which began on BNB Chain, is the second-largest decentralized exchange by trade volume. It follows Uniswap inside the room. PancakeSwap comes in third place, after Curve and Uniswap, in terms of total value locked.

According to a DeFi researcher Ignas, PancakeSwap is focusing on going multichain to boost protocol income, as stated by Chef Mochi, a product manager for the exchange, in a July AMA. The return of customers to BNB Chain is a further objective.

Aptos Airdrops 20Mn Tokens

Recently, Aptos Foundation conducted a vintage token airdrop to recognize early network users. Following a tweet from the foundation, airdrops were used on Tuesday to disperse 20.1 million APT tokens, representing 2% of the foundation's initial 1 billion APT supply. These tokens had a value between $200 million and $260 million, depending on the token's price, shortly after the airdrop commenced.

Follow us on: News
Ethereum Decentralized Exchange PancakeSwap CAKE Aptos
PancakeSwap Considering Aptos After Ethereum Integration
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Top Picks