PancakeSwap Infinity, the newest version of the PancakeSwap decentralized exchange (DEX), has officially launched on Coinbase's Base Ethereum layer-2 network. This announcement coincides with a significant increase in Base’s total value locked (TVL), which reached an all-time high of $4.295 billion, reflecting a 33.75% rise since January 1. Along with this growth, decentralized exchange volume on Base also surged, hitting $1.616 billion in the past 24 hours. PancakeSwap Infinity introduces a multichain protocol with various pool types designed for different liquidity strategies and features lower fees—up to 99% savings on pool creation and 50% on trading with ERC-20 tokens. The update also includes hooks, enabling developers to add custom logic to liquidity pools, enhancing flexibility for pool administrators. The recent activity on Base indicates its growing competitiveness in the DeFi space, vying closely with layer-1 blockchains like Solana.

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