PancakeSwap, a decentralized finance (DeFi) platform, has launched its version 3 liquidity pools on the Solana blockchain, marking a significant expansion of its ecosystem. The new deployment introduces features such as concentrated liquidity, NFT liquidity providers (LPs), and ultra-low fees, aiming to enhance capital efficiency and provide a better trading and earning experience for users. This move is part of a broader trend of increased activity and innovation within the DeFi space during what is being referred to as "DeFi Summer." The launch on Solana follows a series of events and discussions highlighting the growing momentum of on-chain DeFi applications across multiple platforms.