• 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 months 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

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Standard Chartered Forecasts Bitcoin Could Reach $200K by Year-End

chest

Standard Chartered has maintained its forecast for Bitcoin to reach $200,000 by year-end, driven by institutional demand and ETF developments.

user avatarGiorgi Kostiuk

Thunderbolt Station Rumors in Bitcoin Lightning Network

chest

Unverified reports of Thunderbolt Station raise questions about revenue operations in the Bitcoin Lightning Network.

user avatarGiorgi Kostiuk

Tether and Zanzibar Partnership: Blockchain Education and Stablecoin Integration in East Africa

chest

Tether has signed an MoU with Zanzibar to promote blockchain education and integrate stablecoins into the region's financial system.

user avatarGiorgi Kostiuk

HTX DAO Shines at Istanbul Blockchain Week 2025 with Innovations in Decentralized Governance

chest

HTX DAO presented its initiatives at Istanbul Blockchain Week 2025, emphasizing the importance of decentralized governance and stablecoins.

user avatarGiorgi Kostiuk

Cardano Price Decline: Challenges and Prospects After June Events

chest

In June 2025, Cardano's price fell by 16%. Analyzing the reasons and future prospects of the project.

user avatarGiorgi Kostiuk

Ethereum ETFs Attract $40.7 Million: A Phenomenal Surge!

chest

The digital asset market sees an influx of investments into Ethereum ETFs, with $40.7 million raised over three days.

user avatarGiorgi Kostiuk
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.