PancakeSwap Infinity Launches on Base as Layer-2 Network Achieves Record TVL
- PancakeSwap Infinity is now live on Base, Coinbase’s Ethereum layer-2 network.
- Base’s total value locked (TVL) reached $4.295 billion, a 33.75% increase from $3.211 billion on January 1.
- The DEX volume on Base hit a new high of $1.616 billion in the last 24 hours.
- PancakeSwap Infinity features customizable liquidity pools and promises up to a 99% reduction in pool creation fees.
- The update includes smart contract hooks for added flexibility in liquidity management.
The launch of PancakeSwap Infinity aligns with significant growth for Base, which has recently processed over 1,000 transactions per second, nearing the performance of Solana. The integration of customizable features aims to enhance user engagement and liquidity strategies within the DeFi space.
With its TVL reaching $4.295 billion and DEX volume at $1.616 billion, PancakeSwap Infinity’s launch marks a pivotal moment for both the protocol and the Layer2 ecosystem.(Source)
