PancakeSwap has announced the launch of PancakeSwap v4, introducing a range of new features and improvements aimed at enhancing user experience and optimizing gas costs. The update, which is set to be released on Ethereum and BNB Chain in Q3, includes the introduction of hooks, custom pool types, gas optimization techniques such as Singleton and Flash Accounting, and the adoption of open-source licensing for its codebase. The announcement was made across various platforms, highlighting the decentralized exchange's efforts to address limitations of the previous version while introducing innovative functionalities. Additionally, the launch is supported by a $500K Developer Program and a CAKE Emission grant program, further incentivizing community engagement. PancakeSwap is celebrating the launch with a series of events at ETHGlobal London, including a workshop, keynote presentation by Chef Momo, and a hackathon with a $10,000 prize pool, further engaging the developer community and promoting the new version's capabilities.