Panda Swap is a decentralised exchange (DEX) built on the Solana blockchain. It is designed to offer high-speed and low-cost transactions, providing a seamless trading experience. The platform features a secure and user-friendly interface with protection against MEV (Miner Extractable Value) attacks. Panda Swap also includes functionalities like a launchpad for token creation and features like stop-loss and limit orders.
Panda Swap operates on the Solana blockchain, utilising an automated market maker (AMM) model to facilitate decentralised trading via liquidity pools. It incorporates a central limit order book for fast trade execution and shared liquidity. The use of audited smart contracts ensures the security and reliability of the platform. Additionally, Panda Swap includes a decentralised launchpad, PandaPad, allowing users to launch tokens without coding skills.
Panda Swap offers a range of use cases, including decentralised trading with fast execution and efficient liquidity provisioning. It supports project incubation via its PandaPad launchpad, enabling token creation. Users can also engage in yield farming and staking to earn rewards, contributing to liquidity. The platform's community-driven approach and potential partnerships can enhance its application within the DeFi ecosystem.
Panda Swap was founded to provide a fast and efficient trading solution on the Solana blockchain, addressing liquidity issues and trading inefficiencies of traditional exchanges. It launched its ICO on March 24, 2024, and has since seen significant growth in market cap and trading volume. The platform has formed key partnerships within the Solana network and continues to evolve by focusing on liquidity, yield enhancement, and project incubation.