On Tuesday, it was announced that PancakeSwap Infinity, the fourth iteration of the popular decentralized exchange (DEX), has been deployed on Coinbase’s Ethereum Layer-2 network, Base.
According to the launch post, PancakeSwap Infinity is now live on Base, following its deployment on the BNB Chain earlier this month.
Base Sees Significant Growth
This announcement comes two weeks after Base’s Total Value Locked (TVL) reached a new all-time high of ~$4.295 billion, marking a 33.75% increase from $3.211 billion recorded on January 1.
The growth was accompanied by increased trading activity, with Base DEX volume hitting a new high of $1.616 billion in the most recent 24-hour period.
Key Features of PancakeSwap Infinity
PancakeSwap Infinity introduces customizable DeFi pools and personalizable fee structures. Notably, the protocol delivers potential fee reductions, claiming up to 99% savings on pool creation and approximately 50% on ETH/ERC-20 swaps.
Central to the update are ‘hooks’—external smart contract plug-ins that modify pool behavior for specific use cases without altering the core protocol. Hooks can implement custom logic for rebates, dynamic fees, or limit orders.
Ongoing Deployments and Context
PancakeSwap previously deployed its one-click cross-chain swap functionality using the Across Protocol, connecting BNB Chain, Arbitrum, and Base.
Further developments include Base processing over 1,000 transactions per second recently and attracting enterprise adoption, such as pilot integrations for JPMorgan’s deposit token.