The brief update says PancakeSwap has hit 3.5 million users on Base (Ethereum layer-2 network), marking a new usage milestone for the decentralized exchange.
Summary
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Terms & Concepts
Base: An Ethereum layer-2 network designed to process transactions faster and at lower cost than Ethereum mainnet.
PancakeSwap: A decentralized exchange that lets users trade crypto assets directly from their wallets using smart contracts.
smart contract: Self-executing blockchain code that automatically carries out transactions when preset conditions are met.