zkSync Era welcomes PancakeSwap to the ecosystem

ZkSync Era will be the third zero-knowledge platform on which PancakeSwap will launch

article-image

foodstck/Shuttertock modified by Blockworks

share

PancakeSwap v3, a non-custodial decentralized exchange, has launched on zkSync Era.

PancakeSwap — currently deployed on Binance Smart Chain (BSC), Ethereum, Linea and Polygon zkEVM — is the third largest DEX when it comes to total value locked (TVL), according to information available on DeFiLlama. It is also one of the largest DEXes on BSC, with a market cap of $1.484 billion.

PancakeSwap’s v3 first launched in March 2023 and is known for its low trading and swap fees. This is likely due to the introduction of concentrated liquidity, Chef Mochi, the head chef of PancakeSwap, told Blockworks.

“Liquidity providers can concentrate their capital in active price ranges, reducing slippage and benefiting traders. Our multi-tier fee structure, ranging from 0.01% to 1%, provides flexible options for traders,” Chef Mochi said.

Stakers of CAKE, PancakeSwap’s native token, can also receive up to 10% on trading rebates, they noted. 

“We earn revenue through trading fees distributed back to the protocol’s treasury, supporting our ongoing operations, development, and growth. For example, in v3, we distribute 9%-24% of the fees collected from the various trading fee tiers back to our treasury,” Chef Mochi said.

The DEX has previously noted that it had a goal of operating on multiple blockchains. The team said its decision to deploy on zkSync Era marks another milestone. 

Many DEXes in the space seem to be embracing a multichain future. Uniswap v3 has also recently made the decision to deploy on multiple chains including Ethereum, Arbitrum, Optimism, Polygon, BSC, Celo and Avalanche. 

“Our commitment to providing our users with the best experience on PancakeSwap drove the decision,” Chef Mochi said. “With zkSync, we can significantly reduce transaction costs for our users with high levels of security, making trading on PancakeSwap even more cost-effective and efficient.”

ZkSync Era will be the third destination of the DEX’s “Traverse the Treasure Islands Galxe” campaign where users can earn rewards for participating in the ecosystem. This push also comes right before PancakeSwap is set to launch its Initial Farm Offering (IFO), meant to enable users to participate in token offerings.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.jpg

Research

Figure, founded by former SoFi CEO Mike Cagney, has emerged as a leader in onchain RWAs, with ~$17.5B publicly tokenized. The platform’s ecosystem volume is growing ~40% YoY as it expands beyond HELOCs into student loans, DSCR loans, unsecured loans, bankruptcy claims, and more. Operationally, Figure cuts average loan production cost by ~93% and compresses median funding time from ~42 days to ~10, creating a durable speed-and-cost advantage.

article-image

Former White House crypto official Bo Hines is expected to be the CEO of the new project

article-image

In bonds, stablecoins and billionaires, a reminder of what makes crypto special

article-image

21Shares exec says CPI and PPI data supports a Fed rate cut, with market leaning toward a 25bps decrease

article-image

The Ethereum co-founder suggested LINEA holders would be eligible for other airdrops in cryptic tweet

article-image

The layer-2’s biggest release yet brings benefits — but a post-upgrade outage caused a chain reorg

article-image

Crypto is shifting into risk-on mode — pump.fun dominates meme activity, while Lido leans on treasury maneuvers