Oh, my! The CAKE is rising and it’s not because of a birthday party! 🎂 PancakeSwap’s little token has baked up a 15% increase, leaping over its decentralized exchange rivals with a $1.64 billion daily trading volume. It’s like the token ate a magic bean!
Move over, Uniswap! PancakeSwap’s CAKE has become the cherry on top of the decentralized exchange sundae, boasting the most active trading in a single day. It’s a piece of cake for PancakeSwap, really!
DefiLlama’s data says it all: PancakeSwap gobbled up $1.639 billion in 24 hours on a Monday, leaving Uniswap (UNI) and Raydium (RAY) behind with just a bite of the trading pie – $1.021 billion and $334.98 million, respectively. It’s like CAKE is the new black!
Now, what’s all this hoopla about? Binance‘s big cheese, Changpeng Zhao, has been stirring the pot with memecoins, casually promoting MUBARAK on his social media. And guess what? The crypto world went wild!
Not long after, the crypto sleuths discovered that a certain crypto address, possibly linked to Zhao, bought a MUBARAK token for a shiny BNB. Who knew a single coin could cause such a stir? As of now, MUBARAK has shot up over 270% in a week. Talk about a moonshot!
PancakeSwap V3’s data is as sweet as it gets: following Zhao’s tweet, MUBARAK zoomed to the third most traded asset on the platform, trailing only Tether (USDT) and Wrapped BNB. It’s like MUBARAK is the new flavor of the month!
Back in February, crypto.news spilled the beans that PancakeSwap’s total volume skyrocketed over 60% to a whopping $28.23 billion – its best showing since last November. And if that wasn’t enough, the exchange crossed the $1 trillion mark in historical trading volume. Now, that’s a lot of CAKE!
Last but not least, PancakeSwap’s DEX volume isn’t just a number; it’s cold, hard cash! The exchange’s fees this year have risen to a mouthwatering $64 million, with a 365-day total of $274 million. Talk about a recipe for success in the decentralized finance kitchen!
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2025-03-17 12:47