PancakeSwap Surges to Top Decentralized Exchange Spot
PancakeSwap has taken the lead in the decentralized exchange (DEX) world. It now handles over $14 billion in weekly trades. According to CoinMarketCap, the platform saw a 58.04% rise in activity last week.
on the BNB Chain, PancakeSwap now makes up 29.18% of all DEX trading. Its weekly volume hit $14.168 billion, with a daily trading volume of $1.67 billion. This growth helped it surpass Uniswap, the previous leader. Lower fees, a user-friendly interface, and meme coin hype on BSC are behind this success. The platform’s daily volume reached $213.6 million,compared to Uniswap’s $43.7 million. Uniswap, on the othre hand, saw a 50.56% drop in activity. Its volume fell to $8.611 billion.
Other platforms like Raydium, Meteora, and Fluid saw declines. Raydium’s activity fell by 24.75%. Meteora and Fluid dropped by 33.03% and 52.76%, respectively.
pancakeswap’s rise is due to BNB Chain’s lower fees and faster transactions. The exchange also benefits from BNB Chain-based meme coins. Top trending tokens include BNB Card, up 298%, and Mubarakah, up 197%. Though, not all assets did well. BUBB fell 24.99%, and Tell A Tale dropped 19.56%.
PancakeSwap’s native token, CAKE, rose 40.6% in a week. The token gained 56.2% in two weeks. The platform now offers more than just swaps. It includes perpetual trading,prediction markets,NFT marketplaces,and lottery systems. This expansion attracts both retail and institutional users.
- BNB Card gained 298% in 24 hours.
- Mubarakah rose 197%.
- CUZ increased by 110%.
- SIREN went up 15.67%.
PancakeSwap’s success shows the power of innovation and user-friendly design in the crypto space.
