Pancakakeswap reaches Uniswap as leader Dex with a weekly volume of $ 14b

Pancakeswap has claimed the most important position in the Global Decentralized Exchange Classification (DEX), reaching more than $ 14 billion in volume of weekly negotiation.

According to Coinmarketcap data, Pancakeswap (Cake) has seen an impressive increase of 58.04% in the activity during the past week.

The DEX based on the BNB chain (BNB) now represents 29.18% of all decentralized exchange operations, with a weekly volume of $ 14,168 billion and a volume of daily negotiation (TVL) of $ 1.67 billion.

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This increase in activity has helped Pancakeswap overcome the Uniswap (UNI) based on ethereum (eth), which experienced a 50.56% decrease in weekly commercial activity. The negotiation volume has fallen to $ 8,611 billion despite maintaining a higher TVL of $ 3.93 billion.

Raydium, based in Solana, saw a 24.75% drop

While Pancakeswap gained negotiation volume, other important platforms experienced substantial decreases. Raydium saw a 24.75% decrease in the weekly activity, while Meteora and Fluid fell by 33.03% and 52.76% respectively.

The success of Pancakeswap could be due to multiple factors, including the lowest transaction rates of the BNB chain compared to ethereum, faster confirmation times and the easy -to -use interface of the platform. The exchange has benefited particularly an increase in interest in memes coins based on the BNB chain.

Among the higher tendency tokens in Pancakeswap:

• Performance metrics led by BNB card with a gain of 298% in 24 hours
• Mubarakah (197%increase).
• Because (110%increase)
• Mermaid (15.67%increase)

However, not all assets did well. Bubb fell 24.99% and telling a story decreased 19.56% during the same period.

The native token of the exchange, Cake, has also shown strong performance, with recent price data that indicates an increase of 40.6% during the past week and 56.2% during the two weeks. However, the currency has experienced a decline less than 0.5% in the daily period. The Token also maintained a positive gain of 3.1% during the 30 days.

The platform has expanded beyond simple token exchanges to include life imprisonment, prediction markets, nft markets and lottery systems. This expansion has created a great Defi ecosystem that has helped attract retail and institutional users.