PancakeSwap Tops DEX Volume in July With $188B Milestone
The post PancakeSwap Tops DEX Volume in July With $188B Milestone appeared on BitcoinEthereumNews.com. Key Notes PancakeSwap recorded $188 billion in spot trading volume for July. The platform earned over $430 million in fees from trading and yield farming. Cross-chain support and Binance Alpha integration boosted user activity on PancakeSwap. PancakeSwap CAKE $2.63 24h volatility: 7.8% Market cap: $907.13 M Vol. 24h: $156.68 M trading volume climbed higher in July, hitting $188 billion and securing its position as the top decentralized exchange by spot trading volume. This performance accounted for almost 43% of all DEX spot trades. Pancakeswap trading volume doubled uniswap’s PancakeSwap recorded $151 billion in volume in June. According to The Block data platform, PancakeSwap’s volume rose to $188 billion in July, keeping it well ahead of other platforms. As reported, Uniswap came in second with $94 billion, just half of what PancakeSwap handled during the same month. No other decentralized exchange came close. According to the update, several changes helped PancakeSwap rise to the top. Its integration with Binance Alpha drew in more users. The launch of PancakeSwap Infinity also made a difference. The update offered lower gas fees and a faster trading experience. In addition, users now enjoy cross-chain access across BNB Chain, Ethereum, Arbitrum, and Solana. Notably, these features gave PancakeSwap an advantage that many traders found hard to ignore. A growing interest also helped the DEX in non-custodial trading. As more people moved away from centralized platforms, PancakeSwap offered tools and options that met their needs. The increase in volume reflected that shift. Despite its efforts, Uniswap could not close the gap. Raydium, Aerodrome, and other exchanges remained far behind. While they are still active in the market, none of them recorded numbers close to PancakeSwap in July. Meanwhile, Coinspeaker noted that at a point in July, PancakeSwap (CAKE) price rose by 15% following BNB’s surge to a…
The post PancakeSwap Tops DEX Volume in July With $188B Milestone appeared on BitcoinEthereumNews.com.
Key Notes PancakeSwap recorded $188 billion in spot trading volume for July. The platform earned over $430 million in fees from trading and yield farming. Cross-chain support and Binance Alpha integration boosted user activity on PancakeSwap. PancakeSwap CAKE $2.63 24h volatility: 7.8% Market cap: $907.13 M Vol. 24h: $156.68 M trading volume climbed higher in July, hitting $188 billion and securing its position as the top decentralized exchange by spot trading volume. This performance accounted for almost 43% of all DEX spot trades. Pancakeswap trading volume doubled uniswap’s PancakeSwap recorded $151 billion in volume in June. According to The Block data platform, PancakeSwap’s volume rose to $188 billion in July, keeping it well ahead of other platforms. As reported, Uniswap came in second with $94 billion, just half of what PancakeSwap handled during the same month. No other decentralized exchange came close. According to the update, several changes helped PancakeSwap rise to the top. Its integration with Binance Alpha drew in more users. The launch of PancakeSwap Infinity also made a difference. The update offered lower gas fees and a faster trading experience. In addition, users now enjoy cross-chain access across BNB Chain, Ethereum, Arbitrum, and Solana. Notably, these features gave PancakeSwap an advantage that many traders found hard to ignore. A growing interest also helped the DEX in non-custodial trading. As more people moved away from centralized platforms, PancakeSwap offered tools and options that met their needs. The increase in volume reflected that shift. Despite its efforts, Uniswap could not close the gap. Raydium, Aerodrome, and other exchanges remained far behind. While they are still active in the market, none of them recorded numbers close to PancakeSwap in July. Meanwhile, Coinspeaker noted that at a point in July, PancakeSwap (CAKE) price rose by 15% following BNB’s surge to a…
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