PancakeSwap and Google Cloud have formed a strategic partnership to enhance accessibility in the world of decentralized finance (DeFi). This collaboration aims to provide users with an always-available infrastructure, ensuring seamless trading experiences around the clock.
🤝 PancakeSwap is revolutionizing trading with @GoogleCloud!
🌎 With Google Cloud's cutting-edge technology and scalable resources, PancakeSwap empowers users worldwide to trade securely, anytime, anywhere.
📚Dive into the details and witness how PancakeSwap leverages Google… pic.twitter.com/EeTHLWbwAu
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PancakeSwap, a well-known decentralized exchange (DEX), offers users the ability to trade cryptocurrencies without intermediaries. Chef Jojo, the Technical Lead at PancakeSwap, emphasizes the platform’s focus on user-friendliness and simplicity. By prioritizing the needs of the PancakeSwap community and promoting equal participation, the platform aims to make blockchain trading accessible to everyone.
“When we initially launched, we offered just a simple application on the front end that connected directly to the BNB Chain. However, as the number of users started to grow and we saw higher traffic, the simple infrastructure wasn’t enough anymore,” PancakeSwap’s Chef Jojo maintained.
Pancakeswap Aims to Boost Defi Accessibility with Google Cloud
To maintain high availability in the volatile market of DeFi, however, the exchange sought a more robust infrastructure. The company partnered with Helix Technologies, a Google Cloud partner, to build and implement scalable solutions. Through the use of Google Cloud’s services, the decentralized exchange platform can now ensure seamless connectivity for its users.
Google Cloud’s capabilities, such as load balancing and scalable nodes, have significantly improved PancakeSwap’s platform. Cloud Load Balancing efficiently directs traffic to different endpoints, effectively managing the increasing number of users. Google Kubernetes Engine further enables rapid scaling of nodes in response to high traffic demands.
As a result, PancakeSwap will be able to achieve an uptime of 99.99% and reduced response times on the BNB chain, providing users with a faster and more reliable experience. Furthermore, Google Cloud’s services provide access to BNB endpoints, support high traffic, and accurately predict traffic surges, resulting in potential cost savings of up to 30%.
In addition to infrastructure enhancements, the integration focuses on maintaining a secure trading environment. The Defi platform works closely with audit firms to eliminate any vulnerabilities and employs Cloud Armor to filter sensitive data. This tool adds an extra layer of protection to the platform by enhancing data security.
CAKE Token Price Rises with the Collaboration
It’s worth noting that this collaboration has had a positive impact on the native token of PancakeSwap, CAKE. The token’s price has experienced a 5.12% increase in the last 24 hours. Per data, the CAKE token is changing hands at $1.52 at press time.
Looking ahead, PancakeSwap plans to expand its services to include more chains and explore non-fungible tokens (NFTs) to offer users more options. The crypto exchange platform is also considering leveraging Google Cloud’s BigQuery to simplify blockchain data analysis and present it in a more user-friendly manner.
