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

PancakeSwap Leads the DEX Market

user avatar

by Giorgi Kostiuk

8 months ago

PancakeSwap has officially become the largest decentralized exchange by 24-hour trading volume among DEXs, boasting $1.64 billion in daily trades.

Why PancakeSwap is Leading the DEX Market

PancakeSwap's 24-hour trading volume has surged by 110% over the week, establishing it as the largest DEX. Several factors contribute to this dominance.

Factors Driving PancakeSwap's Growth

1. Binance Investment: The platform, a major DEX on the BNB Chain, benefits directly from Binance's $2 billion investment in Abu Dhabi's MGX. 2. Memecoin Popularity: The rise in memecoin interest has brought more traders to the platform, attracted by low fees. 3. Layer-2 Expansion: Aggressive Layer-2 and multi-chain integrations have boosted trading volumes, increasing accessibility.

New Features and Their Impact

PancakeSwap introduced PancakeSwapX and the SpringBoard tool to simplify token creation, attracting more developers and enhancing DeFi accessibility.

Strong backing from Binance, growing Layer-2 adoption, and strategic feature upgrades position PancakeSwap as a key player in the evolving DEX landscape.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Faces Profit-Taking Phase with Key Support Levels

chest

Bitcoin is experiencing a profit-taking phase, with significant support found near the 77,000 range.

user avatarAndrew Smith

Mutuum Finance V1 Protocol Set for Launch

chest

The V1 protocol of Mutuum Finance is scheduled for release on the Sepolia testnet in Q4 2025, featuring key functionalities such as a liquidity pool, mtTokens, a debt token system, and a liquidator bot.

user avatarJacob Williams

KuCoin's Strategic Push for Regulatory Assurance in Australia

chest

KuCoin's expansion into Australia focuses on enhancing regulatory compliance and financial integration, aiming to reassure regulators and users while promoting integrated financial services.

user avatarSon Min-ho

KuCoin Expands into Australia with New Office in Sydney

chest

KuCoin has officially launched its office in Sydney, marking a significant expansion into the Australian market.

user avatarZainab Kamara

HBAR's Price Drop Raises Liquidity Concerns in the Market

chest

HBAR's price drop to USD 0.1373 raises alarms over liquidity and market psychology.

user avatarKofi Adjeman

Tron Celebrates Thanksgiving with Exciting Community Rewards

chest

Tron is launching a Thanksgiving feast with major projects offering trading competitions, staking rewards, and community activities, featuring a prize pool of nearly 16,000 USDT.

user avatarTando Nkube

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.