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

Record Transaction Volume for Pancakeswap Amid BSC Growth

user avatar

by Giorgi Kostiuk

a year ago

Pancakeswap has reported a record rise in transaction volume and Total Value Locked (TVL) amid increased activity on the Binance Smart Chain (BSC).

Pancakeswap's Trading Volume and TVL Rise

Pancakeswap reported a substantial increase in trading volume, reaching a record high of $22 million this week. The total value locked reached $1.902 billion. In December 2024, the overall monthly DEX trading volume was $462 billion, up 23.5% from November. Pancakeswap ranked second with a trading volume of $96.4 billion.

BSC's Impact on Pancakeswap's Success

Pancakeswap's success is closely linked with the growth of decentralized apps on Binance Smart Chain. Sectors such as NFTs, gaming, and DeFi have contributed significantly to the blockchain's development. BSC stands out for its low transaction fees and fast speed, making it attractive to users.

Interoperability and BSC Development

BSC's interoperability with the Ethereum Virtual Machine allows developers to easily migrate apps to BSC. This has led to the rapid growth of the Binance Smart Chain ecosystem, attracting many projects and developers. BSC's ability to connect with other protocols through various bridge chains expands its application and reach.

The growth of Pancakeswap highlights Binance Smart Chain's impact as a key platform for decentralized trading and development in the blockchain industry.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Arbitrum Governance Proposes Major Funding for Foundation

chest

Arbitrum governance is evaluating a funding proposal for the Arbitrum Foundation, seeking 16 million in real-world assets, 1,700 ETH, and 230 million ARB tokens to support its operations for another year.

user avatarLuis Flores

Crypto Scammers Target 2026 World Cup Fans

chest

TRM Labs warns of emerging crypto scams targeting fans of the 2026 World Cup, including fake ticketing and speculative tokens.

user avatarArif Mukhtar

Ethereum Researchers Introduce SPHINCS for Quantum-Resistant Signatures

chest

Ethereum researchers introduce SPHINCS, a post-quantum signature design for enhancing wallet security against quantum computing threats.

user avatarDavid Robinson

Bitcoin Faces Major Liquidation Event Amid Price Fluctuations

chest

Bitcoin traders faced significant liquidations as the price fluctuated sharply, resulting in nearly $980 million in liquidations within 24 hours.

user avatarMaria Gutierrez

Sky Governance Forum Emphasizes Editorial Policy

chest

The Sky Governance Forum has established a strict editorial policy that focuses on accuracy, relevance, and impartiality.

user avatarAndrew Smith

Ethereum Derivatives Show Bearish Sentiment as Funding Turns Negative

chest

Ethereum derivatives have experienced negative funding rates since June 5, indicating a bearish bias in the market.

user avatarJacob Williams

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.