PancakeSwap, a leading decentralized exchange for cryptocurrencies, has announced its new feature, called one-click cross-chain swaps using the Across Protocol. The firm has stated that the new feature can simplify trading by allowing users to swap assets, like USDC on Base for Wrapped Ether (WETH) on Arbitrum, directly through PancakeSwap’s platform across BNB Chain, Arbitrum, and Base.
It eliminates the need for complex blockchain bridges, which often involve high fees and cumbersome third-party tools. With Across Protocol, users have to just say what trade they want, and after that, a group of 30 helpers will race to complete it in about three seconds. This will make trading faster, simpler, and less expensive for everyone.
As per the reports, it is more advanced than traditional bridges, which have been vulnerable, such as the 2022 Axie Infinity Ronin Bridge hack that lost over $600 million due to a flawed multisignature setup. This method avoids locking assets in contracts, reducing exploit risks.
“Crosschain swaps reduce operational complexity, lower smart contract risk by avoiding asset lockups, and offer clearer execution paths,” said Chef Kids, PancakeSwap’s lead.
PancakeSwap’s new one-click cross-chain swap feature could make decentralized finance (DeFi) more popular with big investors by making trades simpler and safer, said Chef Kids, the platform’s leader.
Hart Lambur, co-founder of Across Protocol, added that this system is easy to check for errors and user-friendly, attracting both big companies and regular users.
It fits with new industry ideas, like Unichain’s ERC-7683 standard, supported by Ethereum’s Vitalik Buterin, which makes trading across different blockchains smoother. PancakeSwap faces competition from platforms like 1inch, which released an update on June 10 claiming 6.5% cheaper trades.
PancakeSwap’s fast and easy-to-use swaps feature can make the firm a top player in DeFi. This feature can reduce the hassle of trading across separate blockchain networks, helping more people use DeFi safely and easily.
Also Read: Charles Hoskinson Launches First Bitcoin DeFi Protocol on Cardano
