The decentralized exchange (DEX) PancakeSwap has launched a one-click cross-chain swap feature through the integration of Across Protocol, aimed at addressing one of the most prominent user experience pain points in the DeFi space.
This integration allows users to directly swap assets without relying on complex blockchain bridging or other external third-party infrastructure, thus avoiding the complications and additional costs associated with user experience.
Across's intent-based transfer system enables users to simply define the desired outcome, such as swapping USDC on the Base network for WETH on the Arbitrum network, after which a relay network will competitively execute the transaction.
The one-click cross-chain swap feature allows users to directly exchange tokens between BNB Chain, Arbitrum, and Base through the PancakeSwap interface, significantly simplifying the token transfer process across different blockchain networks.
Historically, cross-chain activities have primarily relied on blockchain bridges, which have proven to have security vulnerabilities.
In 2022, Axie Infinity's Ronin Bridge was attacked, resulting in the loss of over $600 million worth of cryptocurrency, making it one of the largest security incidents in cryptocurrency history. The attack targeted a multi-signature scheme for private keys, which ultimately proved insufficient to withstand the threat.
"Using intent-based bridges for cross-chain swaps is generally more secure because they do not lock assets in smart contracts, thereby reducing the risk of being attacked," said PancakeSwap's chef, Chef Kids.
"Instead, swaps are settled in real-time through a decentralized relay network. This architecture not only enhances security but also provides users with a smoother and faster experience," he added.
Intent-based cross-chain swaps will make DeFi infrastructure more secure, efficient, and easier to integrate with existing systems. Chef Kids stated in an interview with Cointelegraph that this could trigger the next wave of institutional-grade DeFi applications, further adding, "Cross-chain swaps reduce operational complexity, minimize smart contract risks by avoiding asset locking, and provide a clearer execution path."
Across co-founder Hart Lambur also believes that intent-based blockchain infrastructure is the "key" to attracting institutions and retail users.
He told Cointelegraph, "It offers security, auditability, and clear execution capabilities while avoiding the operational overhead typically required for cross-chain interactions."
Other protocols are also actively developing cross-chain transfer solutions to eliminate the friction caused by blockchain bridges.
In October 2024, Unichain proposed the ERC-7683 standard, which simplifies cross-chain transaction processes by standardizing the way information is transmitted across different networks. This allows decentralized solver networks to source orders from any protocol.
Ethereum co-founder Vitalik Buterin has publicly supported ERC-7683, calling it an "open standard for marking cross-chain orders."
Across has currently integrated with UniswapX, boasting a decentralized network of 30 solvers that can quickly use their own funds to provide liquidity on the target chain for users and bear the risk of final confirmation. The entire swap process takes an average of just three seconds.
Additionally, the DEX aggregator 1inch deployed its Pathfinder update on June 10, claiming to offer a 6.5% higher exchange rate than before while making the trading process faster and smoother.
Related: Mysterious whale splashes $300 million on leveraged long Bitcoin (BTC): Suspected James Wynn associated account?
Original article: “PancakeSwap Launches One-Click Cross-Chain Swap Feature to Simplify DeFi User Experience”
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