PancakeSwap V3 will drastically reduce fees compared to V2. CAKE’s TVL remained stagnant, but metrics and indicators looked bullish. PancakeSwap [CAKE] announced the launch of its much-awaited PancakeSwap V3, bringing several new changes to the table. The DEX’s official tweet on 3 April confirmed that V3 was live on both BNB Chain and Ethereum [ETH].