PancakeSwap, one of the largest decentralized exchanges (DEXs) by total value locked (TVL), has officially launched its v3 liquidity pools on the Solana blockchain. The move brings cheaper trades and higher yields for liquidity providers, while expanding PancakeSwap's multichain ecosystem.
The upgrade introduces PancakeSwap v3 to Solana, offering lower slippage and trading fees starting as low as 0.01%. Liquidity providers (LPs) on Solana can now earn up to 84% of trading fees, according to a press release shared with The Defiant.
PancakeSwap v3, originally launched in April 2023, incorporates a Concentrated Liquidity Automated Market Maker (CLAMM) model. This system allows LPs to allocate their capital within custom price ranges, maximizing potential fee income and improving capital efficiency by minimizing idle funds.
“With the launch of v3 liquidity pools on Solana, PancakeSwap is expanding DeFi accessibility to crypto users by providing deeper liquidity, higher capital efficiency, and a better trading and earning experience on Solana — reinforcing its commitment to building the DeFi industry’s most efficient, user-friendly, and multichain DEX,” PancakeSwap stated in the release.
Solana, known for its high-speed and low-cost transactions, currently boasts around $12 billion in TVL. Integrating PancakeSwap v3 into Solana’s ecosystem is expected to boost activity by reducing trading costs and making liquidity provision more flexible — a growing trend across the DeFi sector.
The deployment of v3 pools comes shortly after PancakeSwap introduced native token swaps on Solana in April, marking a broader push to grow its presence on the network.
PancakeSwap currently holds a TVL of $1.9 billion, according to DeFiLlama. The platform also reported a record-breaking $173 billion in trading volume earlier this month — the highest monthly figure since 2020. In late May alone, it processed $75 billion in trades in just one week, a 131% increase compared to the previous week.
With this latest move, PancakeSwap continues to cement its status as a leading player in the DeFi space, while strengthening its footprint across multiple blockchains.
July 2025, Cryptoniteuae