PancakeSwap overtakes Uniswap as leading DEX with $14b weekly volume

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DEX Drama: PancakeSwap Serves Up a Hefty Helping of Humility to Uniswap 🍳👑

PancakeSwap overtakes Uniswap as leading DEX with $14b weekly volume

As the great Russian sage once said, “The only true wisdom is in knowing you know nothing.” But I digress. It seems that PancakeSwap has finally found its footing, and what a glorious sight it is! 🌟 With a whopping $14 billion in weekly trading volume, this BNB Chain-based DEX has usurped the throne from Uniswap, leaving the latter to ponder the meaning of life and its 50.56% decline in weekly activity. 😳

According to CoinMarketCap, PancakeSwap has seen a most impressive 58.04% increase in activity over the past week. One can only imagine the tears of joy shed by the PancakeSwap team as they gazed upon their newfound glory. 🎉

PancakeSwap flipped Uniswap to become the top DEX, fueled by lower fees, an easy interface, and memecoin hype on BSC. Recent stats: PancakeSwap hit $213.6M daily volume vs. Uniswap’s $43.7M. This leap underscores PancakeSwap’s knack for pulling in users and boosting engagement.…

— Alva (@AlvaApp) March 23, 2025

But, alas, all is not well in the world of decentralized exchanges. Raydium, that stalwart of Solana-based platforms, has seen a 24.75% drop in weekly activity. And, oh dear, Meteora and Fluid have taken a tumble of 33.03% and 52.76% respectively. One can only imagine the despair that has beset these poor souls. 😔

So, what’s behind PancakeSwap’s success? Ah, my friends, it’s quite simple really. BNB Chain’s lower transaction fees, faster confirmation times, and a user-friendly interface have all conspired to make PancakeSwap the darling of the DeFi world. And let’s not forget those memecoin hype trains, which have brought in a veritable tidal wave of new users. 🚂

Among the top trending tokens on PancakeSwap, we find:

  • BNB Card, which has seen a 298% gain in 24 hours (one can only imagine the champagne toasts being held in its honor 🥂)
  • Mubarakah, with a 197% increase (a most impressive feat, indeed! 🎉)
  • CUZ, which has risen by 110% (a most respectable showing, to be sure! 👏)
  • SIREN, with a 15.67% increase (a most modest, yet still delightful, performance! 😊)

However, not all assets have fared as well. BUBB, for instance, has taken a 24.99% hit, and Tell A Tale has declined by 19.56%. Ah, the cruel whims of the market! 😱

The exchange’s native token, CAKE, has also shown remarkable resilience, with a 40.6% increase over the past week and a 56.2% gain over the two weeks. However, it has experienced a minor pullback of 0.5% in the daily timeframe. The token has maintained a positive 3.1% gain over the 30 days, a most encouraging sign! 📈

PancakeSwap has expanded its offerings beyond simple token swaps to include perpetual trading, prediction markets, NFT marketplaces, and lottery systems. This has created a veritable DeFi ecosystem that has attracted both retail and institutional users. Ah, the wonders of innovation! 🔮

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2025-03-23 15:33