PancakeSwapX has been launched on the Ethereum and Arbitrum blockchains, introducing fee-free money transfers and gas-free swaps.
PancakeSwap has launched a new product - PancakeSwapX
The new product, PancakeSwapX, supports fee-free money transfers and gas-free asset swaps on the Ethereum and Arbitrum networks.
According to Chef Kids, the team leader at PancakeSwap, this launch can provide an exceptional experience for DeFi users. He shared:
"[PancakeSwapX] allows traders to focus entirely on executing trades without worrying about holding multiple gas tokens or calculating gas fees. Furthermore, by aggregating liquidity from various sources, PancakeSwapX eliminates the need to switch between platforms to get better trading prices."
Without products like PancakeSwapX, new DeFi users would need to set up an Ethereum address and purchase Ether (ETH) to pay transaction fees before they can make trades on the blockchain. This complex process may lead many new users to choose centralized exchanges (CEX) over DeFi.
Eliminating the complexity of holding gas tokens like Ether can significantly improve the experience for newcomers, Chef Kids added:
"By simplifying the trading process and making it more accessible, PancakeSwapX opens the door for more people to participate in DeFi. Ultimately, the goal is to make DeFi more approachable and enable wider adoption."
PancakeSwap is currently the fourth-largest decentralized exchange (DEX), with a trading volume of over $311 million and support for more than 387 digital assets, according to data from Messari.
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The article PancakeSwapX launches with fee-free swap feature first appeared on CoinMoi.
