Hey there, crypto enthusiasts! If you’ve been trading on PancakeSwap, you might have heard the latest buzz: PancakeSwap Perpetual V1 (Orderbook) is being discontinued as of today, July 25, 2025. Don’t worry—we’re here at Meme Insider to break it down for you in simple terms and help you navigate this change like a pro.

What’s Happening with Perpetual V1?

PancakeSwap, one of the leading decentralized exchanges (DEX) in the crypto world, is phasing out its Perpetual V1 (Orderbook) to focus on more sustainable and efficient products. This means the older version of their perpetual futures trading platform is getting a retirement party. Starting right now, the platform has switched to Reduce-Only mode, which lets you close or reduce your existing positions but stops you from opening new ones.

By September 30, 2025, the platform will fully shut down trading support for V1, and you’ll need to withdraw all your funds. After that deadline, V1 positions won’t even show up on the interface anymore. Yikes! But don’t panic—PancakeSwap is pushing you toward their shiny new Perpetual V2 (Onchain), which remains fully operational.

Key Dates and Actions to Take

Here’s a quick rundown so you don’t miss a beat:

• Today, July 25, 2025, 05:00 UTC:

  • Trading is now in Reduce-Only mode. Only close or reduce positions—no new trades allowed.
  • Deposits into V1 are disabled. Time to work with what you’ve got!

• By September 30, 2025, 00:00 UTC:

  • Withdraw all your funds from V1. After this, accessing them will require advanced smart contract skills (not recommended unless you’re a blockchain wizard!).
  • Trading support for V1 will be completely removed.

Why the Change?

PancakeSwap is all about keeping things fresh and efficient. By discontinuing V1, they can pour more resources into Perpetual V2, which promises a faster and smoother trading experience. Think of it like upgrading from an old flip phone to a sleek smartphone—same goal, better tech!

What Should You Do Next?

1. Check Your Positions: Log in to PancakeSwap and see if you have any open positions in V1.
2. Close Them Out: Use the Reduce-Only mode to wind down your trades before the deadline.
3. Withdraw Funds: Move your assets out by September 30 to avoid complications.
4. Explore V2: Jump into Perpetual V2 to keep trading with the latest features.

If you’re unsure, PancakeSwap’s team is ready to help—reach out to them on Telegram, X, or Discord.

The Bigger Picture for Meme Token Fans

At Meme Insider, we love keeping you in the loop on how these updates affect the broader crypto and meme token ecosystem. While Perpetual V1’s discontinuation might not directly impact meme tokens, it’s a reminder of how fast the blockchain space evolves. Staying informed about platform changes like this can help you adapt your trading strategies, whether you’re into meme coins or serious DeFi plays.

Got questions? Drop them in the comments, and let’s chat! Stay tuned to Meme Insider for more crypto updates and tips to level up your blockchain game.