1 day ago
30
PancakeSwap (CAKE) has posted modest gains as the PancakeSwap decentralised exchange unveiled its new one-click cross-chain swap feature, signalling renewed interest in the DeFi project.
After struggling through the broader market downturn, CAKE has climbed approximately 3.0% in the past 24 hours, reaching $2.55 as of the latest trading data.
The token’s price has fluctuated within a narrow range between $2.47 and $2.64 over the past day, while maintaining a market cap of around $821 million.
Although still far from its all-time high of $43.96 in April 2021, CAKE has shown signs of resilience, supported by fresh developments on the protocol level.
The one-click cross-chain swaps launched by PancakeSwap
The newly unveiled PancakeSwap’s one-click crosschain swaps, powered by Across Protocol, aim at improving DeFi usability and interoperability across major Layer 2 networks.
The feature allows users to perform asset swaps between BNB Chain, Arbitrum, and Base without relying on traditional blockchain bridges, which have historically been a major point of vulnerability.
⚡️Introducing Crosschain Swaps, powered by @AcrossProtocol Swap tokens across @BNBCHAIN, @arbitrum & @base in one click. No bridges, no app switching. Start swapping → pancakeswap.finance/swap Full announcement → blog.pancakeswap.finance/articles/cross…
Notably, bridges have repeatedly been targeted by hackers, most notably in the 2022 Ronin Bridge exploit that led to a loss of over $600 million, making security a top concern for developers and users alike.
Instead of locking assets in smart contracts, the one-click crosschain swaps leverage intent-based infrastructure where users simply specify the desired outcome, and a decentralised network of relayers fulfils the swap in real time.
This change dramatically improves the user experience by reducing the complexity typically involved in crosschain activity, which has long deterred mainstream adoption of decentralised finance platforms.
The intent-based infrastructure reduces risk
Notably, the integration of intent-based crosschain swaps represents a significant shift in how DeFi platforms are approaching transaction execution and user safety.
In an article published on PancakeSwap’s blog section, Chef Kids, PancakeSwap’s head chef, notes that this approach is inherently safer because assets are no longer locked in contracts, thus lowering the risk of exploits and operational failure.
He added that swaps are now settled directly through a decentralised relayer network, which not only improves security but also ensures faster execution and a smoother overall process.
With average transaction times as low as three seconds, the Across Protocol’s decentralised network of 30 solvers has been optimised for speed and reliability.
These real-time settlements reduce the friction of moving assets across blockchains, potentially unlocking new use cases and broader utility for DeFi users.
Institutions are paying attention
The simplification of cross-chain DeFi activity is not only a win for retail users but also a key driver for institutional engagement, which continues to rise steadily.
By removing operational hurdles and minimising smart contract risk, PancakeSwap’s new infrastructure offers clearer execution paths, making it easier for institutions to integrate with decentralised protocols.
Hart Lambur, co-founder of Across, emphasised that intent-based systems offer security, auditability, and clean execution, all critical components for institutional-grade DeFi infrastructure.
Unbelievably excited for @AcrossProtocol to power crosschain swaps with our friends at @PancakeSwap! It’s now just a few seconds to swap between BNB, Arb, and Base. You got USDC on @base and need some BNB on @binance chain? One click, fast and cheap! Amazing UX by Pancake.
These features reduce the overhead typically associated with multi-chain interactions and lower the threshold for enterprise-level adoption.
The post CAKE sees modest gains as PancakeSwap launches one-click crosschain swaps appeared first on Invezz
English (US) ·