DeFi Platform PancakeSwap Expands to Ethereum’s Layer 2 Network, Base

With its latest move, PancakeSwap has integrated with Ethereum’s layer 2 scaling network, Base. This marks a significant step in PancakeSwap’s multi-chain strategy, aiming to offer users faster and more cost-effective solutions.

PancakeSwap, a standout platform in the DeFi sector, continues its expansion as a multi-chain. The DEX announced today that it has completed its integration with Base, Ethereum’s layer 2 scaling network, which is backed by Coinbase.

What is the Main Purpose of This Cooperation?

With an announcement made on Thursday, PancakeSwap revealed that it has finalized its integration with Base, built on OP Stack in collaboration with Optimism. PancakeSwap emphasized that this move aims to offer users lower gas fees, faster transactions, and enhanced capital efficiency.

Base was introduced to the public on August 9th and has already entered into intense competition with rollup scaling networks like Arbitrum and Optimism.

Initially, PancakeSwap will introduce swap and liquidity provision features to Base. Future developments are expected to bring the DEX’s farming feature to Base, enabling users to secure their liquidity provider tokens while earning the native CAKE token.

Base represents the eighth blockchain where PancakeSwap has primarily focused on Ethereum scaling networks. Initially built on the BNB Chain, PancakeSwap now supports various chains, including Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One, and Linea backed by Consensys.

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