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PancakeSwap launches liquidity pool v3 on Solana
PancakeSwap has launched v3 liquidity pools on the Solana blockchain, offering cheaper trading and higher yields for liquidity providers. V3, the third version of the liquidity protocol, was introduced in April 2023, with a commitment to providing the lowest trading fees and enhancing profits for providers.
Traders can now take advantage of fees starting from 0.01%, and liquidity providers can earn up to 84% of the trading fees. The CLAMM system allows for liquidity allocation in custom price ranges, maximizing fees and reducing idle capital.
Solana, with approximately 12 billion USD TVL, stands out for its fast transactions and low fees. Recently, PancakeSwap also reported a record monthly trading volume of 173 billion USD, the highest since 2020.