PancakeSwap Tops DEX Market With $158.4 Billion in Monthly Trading Volume
- PancakeSwap reported $6.55 billion in daily volume and $158.4 billion over 30 days.
- Uniswap, the second-largest DEX, had $1.79 billion in daily and $82.32 billion in 30-day volume.
- PancakeSwap operates across nine blockchains, increasing its reach and user activity.
PancakeSwap has emerged as the leading decentralized exchange (DEX) by trading volume, significantly outpacing its peers. The platform recorded $158.4 billion in trading volume over the past 30 days, nearly double that of second-place Uniswap, according to new figures from DefiLlama shared on X.
The Strategy Behind PancakeSwap’s Dominance
PancakeSwap’s dominance in the DEX market is supported by its compatibility with nine blockchain networks. This multi-chain compatibility has enabled it to attract a broad base of users and liquidity providers.
Related: PancakeSwap Overtakes Circle in Fees: Can It Overcome Tether Next?
Notably, PancakeSwap recorded an all-time high of $325 billion in trading volume for June, nearly doubling May’s $174 billion and pushing its Q2 total to $530 billion, according to Dune Analytics.
This spike in activity came after the April launch of PancakeSwap I…
The post PancakeSwap Tops DEX Market With $158.4 Billion in Monthly Trading Volume appeared first on Coin Edition.
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PancakeSwap Tops DEX Market With $158.4 Billion in Monthly Trading Volume
- PancakeSwap reported $6.55 billion in daily volume and $158.4 billion over 30 days.
- Uniswap, the second-largest DEX, had $1.79 billion in daily and $82.32 billion in 30-day volume.
- PancakeSwap operates across nine blockchains, increasing its reach and user activity.
PancakeSwap has emerged as the leading decentralized exchange (DEX) by trading volume, significantly outpacing its peers. The platform recorded $158.4 billion in trading volume over the past 30 days, nearly double that of second-place Uniswap, according to new figures from DefiLlama shared on X.
The Strategy Behind PancakeSwap’s Dominance
PancakeSwap’s dominance in the DEX market is supported by its compatibility with nine blockchain networks. This multi-chain compatibility has enabled it to attract a broad base of users and liquidity providers.
Related: PancakeSwap Overtakes Circle in Fees: Can It Overcome Tether Next?
Notably, PancakeSwap recorded an all-time high of $325 billion in trading volume for June, nearly doubling May’s $174 billion and pushing its Q2 total to $530 billion, according to Dune Analytics.
This spike in activity came after the April launch of PancakeSwap I…
The post PancakeSwap Tops DEX Market With $158.4 Billion in Monthly Trading Volume appeared first on Coin Edition.
Read More
Post-maintenance mishap on Solana’s Backpack triggers incorrect futures orders, balance reports