• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

CAKE Rises 15%: Pancakeswap Tops DEX Trading Volumes

user avatar

by Giorgi Kostiuk

4 hours ago


The native token of the decentralized exchange Pancakeswap, CAKE, has surged 15% as the DEX takes the lead in 24-hour trading volume.

Sharp CAKE Rise

At the time of writing, the CAKE token is trading at $1.85, having reached a high of $1.93. The 24-hour trading volume increased by 170%, pushing past the weekly high. Despite this recent rise, CAKE has fallen over 30% in the past month due to the overall cryptocurrency market downturn on Monday.

Binance Investment Deal

The rise in CAKE price also aligns with Binance’s recent $2 billion investment deal with Abu Dhabi’s MGX. Pancakeswap is the largest DEX on the Binance-owned BNB Chain.

DEX Platform Position

According to DeFillama data, Pancakeswap currently holds the second-largest position among DEXs for generating 24-hour trading volume, only behind Uniswap. Following them are Solana’s Raydium, Meteora, and Orca.

Pancakeswap continues to maintain a strong position in the decentralized exchange market, remaining a reliable platform within the Binance ecosystem. However, with the overall downturn in the cryptocurrency market, monitoring long-term changes in CAKE's price is essential.

0

Share

Other news

ENA: Analysts Assess Market for Potential Breakout

Experts evaluate ENA's growth potential, monitoring key support and resistance levels.

user avatarGiorgi Kostiuk

a minute ago

Top 5 Best Cryptocurrencies to Buy: Dawgz AI Leads the Pack

Evaluating promising cryptocurrencies like Dawgz AI that could prove to be successful investments in the coming years.

user avatarGiorgi Kostiuk

15 minutes ago

Dogecoin Miners Offload 65 Million Tokens Rapidly

Dogecoin miners have sold off 65 million tokens in the past 48 hours as the token trades at $0.17.

user avatarGiorgi Kostiuk

16 minutes ago

Is XRP on the Verge of a Breakout? MakroVision Evaluates Current Situation

Analysts evaluate XRP, noting critical resistance and support levels.

user avatarGiorgi Kostiuk

16 minutes ago

Qubetics: Innovator in Cryptocurrency with Real-World Solutions

Qubetics, Monero, and Cosmos: a new chapter in cryptocurrency. Discover how Qubetics is changing the game by providing privacy and scalability.

user avatarGiorgi Kostiuk

32 minutes ago

Ripple ($XRP) Sees an Unprecedented 326.36% Rise Over Half a Year

Ripple ($XRP) has surged 326.36% over six months due to institutional adoption and legal rulings.

user avatarGiorgi Kostiuk

38 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.