{"id":522629,"date":"2023-03-10T21:31:57","date_gmt":"2023-03-10T21:31:57","guid":{"rendered":"https:\/\/wncen.com\/?p=522629"},"modified":"2023-03-10T21:31:57","modified_gmt":"2023-03-10T21:31:57","slug":"pancakeswap-tvl-drops-12-did-this-exchange-received-a-lethal-blow","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/pancakeswap-tvl-drops-12-did-this-exchange-received-a-lethal-blow\/","title":{"rendered":"PancakeSwap TVL Drops 12%, Did This Exchange Received A Lethal Blow?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">PancakeSwap <\/span><span style=\"font-weight: 400\">(CAKE), the leading multichain decentralized exchange (DEX) running on the Binance Smart Chain (BSC), has suffered a significant 12% drop in its total value locked (TVL) to $2.4 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The crypto crackdown by regulators targeting Binance&#8217;s stablecoin BUSD triggered a decrease in the stablecoin supply. This has negatively impacted the growth of the BNB Smart Chain, affecting protocols and DEX&#8217;s TVL.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">What has set PancakeSwap apart from UniSwap and SushiSwap exchange since its inception is that it runs on the BSC instead of the Ethereum smart chain.\u00a0 However, PancakeSwap has gone multichain, launching on both Ethereum and Aptos.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Unlike traditional exchange models, the AMM allows traders to use permissionless liquidity pools to exchange digital assets, which are given a liquidity provider (LP) token for which they decide to add funds to the liquidity pool.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/twitter.com\/DefiIgnas\/status\/81514753?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">According <\/span><\/a><span style=\"font-weight: 400\">to DeFiIgnas, decentralized finance (DeFi) researcher, PancakeSwap overtook UniSwap by total value locked on November 29.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-long-term-holders-holding-price-decline\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Long-Term Holders Still Holding Strong Despite Price Decline<\/a><\/div>\n<h2 class=\"related-reading-shortcode\"><b>PancakeSwap Able To Mitigate The Losses?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">In a bold move to address liquidity issues affecting the decentralized exchange, PancakeSwap launched its market maker integration on Ethereum and Atpos in February. The market maker integration will serve as an additional source of liquidity to the existing AMM to help traders operate and &#8220;enjoy better liquidity,&#8221; according to the exchange.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">By integrating PancakeSwap&#8217;s MM with its AMM, the exchange will improve swaps of ERC-20 tokens on the Ethereum smart chain. In addition, PancakeSwap&#8217;s integration with market makers on Ethereum will also result in the introduction of Ethereum, Bitcoin, and Stablecoin trading pairs on the exchange. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The anonymous developer behind the exchange Chef, the co-founder of the exchange, <\/span><a href=\"https:\/\/medium.com\/pancakeswap\/introducing-market-maker-integration-on-ethereum-pancakeswap-trade-and-share-10-000-usdc-in-724df104716\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">noted<\/span><\/a><span style=\"font-weight: 400\">:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">We thought about how we could best serve our community and new Ethereum users without excessively emitting precious CAKE to acquire extremely high levels of TVL<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">With the integration on Ethereum, PancakeSwap will allow customers to be directed to approved market makers and the AMM, according to DeFiIgnas, which explained that this would result in lower fees and better spot prices. He claimed:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">It is a creative solution to the liquidity problem. Liquidity Providers (LPs) don&#8217;t deposit assets into an AMM if there&#8217;s no trading volume to generate yield. And user&#8217;s don&#8217;t trade where slippage is high. So, market maker integration solves this Chicken &amp; Egg dilemma.<\/span><\/p><\/blockquote>\n<h3><b>PancakeSwap Set To Launch V3 On BSC<\/b><\/h3>\n<p><span style=\"font-weight: 400\">PCS continues to bring innovation to the protocol with the launch of V3 on April 1. The upgrade will add features such as improved liquidity provision, competitive trading fees, trading incentives, and yield farming tools that allow users to maximize their returns and rewards.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">These products can attract more users and capital to the exchange, increasing the protocol&#8217;s revenue and enhancing PCS&#8217;s value to investors. DeFiIgnas concluded:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">DEX space is the most fun to watch due to cut-throat competition. My prediction for 2023 is that it will lead to a diversification of their business model. The Market Maker integration, uniqueCAKE veTokenomics, and various incentives make PCS different.<\/span><\/p><\/blockquote>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/matic\/polygon-matic-down-by-7-amidst-massive-whale-activity\/\" target=\"_blank\" rel=\"noopener \">Polygon (MATIC) Down By 7% Amidst Massive Whale Activity<\/a><\/div>\n<div><\/div>\n<figure id=\"attachment_522630\" aria-describedby=\"caption-attachment-522630\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-522630 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/CAKEUSDT_2023-03-10_17-03-11_b23d5.png?resize=860%2C407\" alt=\"PancakeSwap\" width=\"860\" height=\"407\"><figcaption id=\"caption-attachment-522630\" class=\"wp-caption-text\">PancakeSwap native token CAKE is on a downtrend on the 1-day chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/e4WncABc\/?symbol=BINANCE%3ACAKEUSDT\" target=\"_blank\" rel=\"noopener nofollow\">CAKE on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">After burning 7 million tokens with a total value of $27 million on Monday, the DEX&#8217;s native token has been downtrend from its annual high of $4.68 in February. Currently, the token is trading at $3.56 following the ongoing problems on the exchange despite the recent announcements from PancakeSwap.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Featured image from Unsplash, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PancakeSwap (CAKE), the leading multichain decentralized exchange (DEX) running on the Binance Smart Chain (BSC), has suffered a significant 12% drop in its total value locked (TVL) to $2.4 billion. The crypto crackdown by regulators targeting Binance&#8217;s stablecoin BUSD triggered a decrease in the stablecoin supply. This has negatively impacted the growth of the BNB Smart Chain, affecting protocols and DEX&#8217;s TVL.\u00a0 What has set PancakeSwap apart from UniSwap and SushiSwap exchange since its inception is that it runs on the BSC instead of the Ethereum smart chain.\u00a0 However, PancakeSwap has gone multichain, launching on both Ethereum and Aptos. Unlike traditional exchange models, the AMM allows traders to use permissionless liquidity pools to exchange digital assets, which are given a liquidity provider (LP) token for which they decide to add funds to the liquidity pool.\u00a0 According to DeFiIgnas, decentralized finance (DeFi) researcher, PancakeSwap overtook UniSwap by total value locked on November 29.\u00a0 Related Reading: Bitcoin Long-Term Holders Still Holding Strong Despite Price Decline PancakeSwap Able To Mitigate The Losses? In a bold move to address liquidity issues affecting the decentralized exchange, PancakeSwap launched its market maker integration on Ethereum and Atpos in February. The market maker integration will serve as an additional source of liquidity to the existing AMM to help traders operate and &#8220;enjoy better liquidity,&#8221; according to the exchange.\u00a0 By integrating PancakeSwap&#8217;s MM with its AMM, the exchange will improve swaps of ERC-20 tokens on the Ethereum smart chain. In addition, PancakeSwap&#8217;s integration with market makers on Ethereum will also result in the introduction of Ethereum, Bitcoin, and Stablecoin trading pairs on the exchange. The anonymous developer behind the exchange Chef, the co-founder of the exchange, noted: We thought about how we could best serve our community and new Ethereum users without excessively emitting precious CAKE to acquire extremely high levels of TVL With the integration on Ethereum, PancakeSwap will allow customers to be directed to approved market makers and the AMM, according to DeFiIgnas, which explained that this would result in lower fees and better spot prices. He claimed: It is a creative solution to the liquidity problem. Liquidity Providers (LPs) don&#8217;t deposit assets into an AMM if there&#8217;s no trading volume to generate yield. And user&#8217;s don&#8217;t trade where slippage is high. So, market maker integration solves this Chicken &amp; Egg dilemma. PancakeSwap Set To Launch V3 On BSC PCS continues to bring innovation to the protocol with the launch of V3 on April 1. The upgrade will add features such as improved liquidity provision, competitive trading fees, trading incentives, and yield farming tools that allow users to maximize their returns and rewards.\u00a0 These products can attract more users and capital to the exchange, increasing the protocol&#8217;s revenue and enhancing PCS&#8217;s value to investors. DeFiIgnas concluded: DEX space is the most fun to watch due to cut-throat competition. My prediction for 2023 is that it will lead to a diversification of their business model. The Market Maker integration, uniqueCAKE veTokenomics, and various incentives make PCS different. Related Reading: Polygon (MATIC) Down By 7% Amidst Massive Whale Activity After burning 7 million tokens with a total value of $27 million on Monday, the DEX&#8217;s native token has been downtrend from its annual high of $4.68 in February. Currently, the token is trading at $3.56 following the ongoing problems on the exchange despite the recent announcements from PancakeSwap. Featured image from Unsplash, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":461995,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83647,83585,83578],"class_list":["post-522629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cake","tag-cakeusdt","tag-pancakeswap"],"acf":[],"yoast_head":"\n<title>PancakeSwap TVL Drops 12%, Did This Exchange Received A Lethal Blow?<\/title>\n<meta name=\"description\" content=\"PancakeSwap (PCS), the leading decentralized exchange has suffered a significant 12% drop in its total value locked (TVL) to $2.4 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. 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As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. 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