PancakeSwap Infinity launches on Base as L2 network hits record TVL
Main Idea
PancakeSwap Infinity, the latest version of the decentralized exchange (DEX), has launched on Coinbase's Base network, coinciding with Base's record-high total value locked (TVL) and DEX activity.
Key Points
1. PancakeSwap Infinity is now live on Base, following its earlier launch on BNB Chain in April.
2. Base's TVL reached a new high of $4.295 billion, marking a 33.75% increase from $3.211 billion on Jan. 1.
3. Base's DEX volume also hit a record of $1.616 billion in the latest 24 hours.
4. Base has gained traction, with JPMorgan's blockchain division choosing it to pilot its deposit token, JPMD.
5. The launch and growth reflect increasing activity and adoption of Base as a layer-2 network.
Description
PancakeSwap Infinity, the latest version of the DEX, has launched on Coinbase’s Base network as its TVL and DEX activity hit all-time highs.
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