• 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

a month 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

Cryptocurrency Payments: New Methods and Trends in 2025

Cryptocurrency payments are becoming increasingly popular: exploring the methods and trends of 2025.

user avatarGiorgi Kostiuk

31 minutes ago

Federal Reserve Allows U.S. Banks to Engage in Crypto Activities

The Federal Reserve lifts restrictions for banks, allowing them to interact freely with cryptocurrencies, potentially impacting the market.

user avatarGiorgi Kostiuk

31 minutes ago

Cryptocurrency Market Movements on April 25, 2025

The cryptocurrency market on April 25, 2025: notable price movements and new listings on CoinMarketCap.

user avatarGiorgi Kostiuk

32 minutes ago

MAGACOINFINANCE: A Fresh Perspective on Investing in Alternative Tokens

MAGACOINFINANCE attracts attention as an alternative token with growth potential.

user avatarGiorgi Kostiuk

34 minutes ago

Bitget Announces Updates to Liquidity Incentive Program for 2025

Bitget has revealed updates to its Liquidity Incentive Program set for May 1, 2025, including new competitive fees and improved rewards.

user avatarGiorgi Kostiuk

34 minutes ago

Is XRP Too Big to Invest? Exploring Alternatives: XCN and XLM

This article reviews XCN and XLM as potential investment options instead of XRP.

user avatarGiorgi Kostiuk

35 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.