PancakeSwap, the prominent decentralized exchange (DEX), is embarking on an expansion journey to integrate with Coinbase's Ethereum layer-2 network, Base.
PancakeSwap Integrates With Coinbase's Ethereum Layer-2 Network, Base
PancakeSwap, the prominent decentralized exchange (DEX) operating on the BNB Smart Chain (BNB Chain), is embarking on an expansion journey to integrate with Coinbase's Ethereum layer-2 network, Base. This strategic move is a part of PancakeSwap's ongoing multi-chain expansion initiative.
PancakeSwap's integration with Base Network intends to take advantage of Coinbase's ecosystem and contribute to a more inclusive and accessible decentralized finance (DeFi) landscape after having already established its position on Ethereum rollups such as Polygon's zkEVM, zkSync Era, Arbitrum, and Linea.
With a current liquidity total of $1.37 billion, PancakeSwap's DeFi prowess primarily resides on the BNB Chain. The decision to extend to Base Network comes as a commitment to bolstering the mass adoption of DeFi.
This expansion puts PancakeSwap in the company of other popular DEXs like Uniswap, SushiSwap, and 1inch, all of which have recently embraced Base Network.
Despite the surge in user activity driven by the social media app Friend.tech, which initially resulted in a surge surpassing Ethereum's peak transactions, the subsequent decrease in Friend.tech usage led to a decrease in network activity on Base Network.
