PancakeSwap announced the release of PancakeSwap v4, a major update expected to enhance the user experience and scalability. V4 is designed to improve liquidity provision and interoperability on top of PancakeSwap. "With PancakeSwap v4, we aimed to address the major shortcomings of existing automated market makers, inflexible pricing models, limited trading capabilities compared to centralised exchanges, capricious losses for liquidity providers and high on-chain gas fees," said Chef Kids, head of PancakeSwap.