CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
crypto.news 2025-03-17 09:34:22

CAKE price soars 15% as PancakeSwap overtakes Uniswap by daily trading volume

PancakeSwap’s native token CAKE surged 15% as the trading platform overtook other decentralized exchanges in daily trading volume, reaching $1.64 billion. PancakeSwap saw its native token ( CAKE ) surged 15% as the platform became the most active decentralized exchange by daily trading volume. Data from analytics platform DefiLlama shows that PancakeSwap recorded $1.639 billion in 24-hour trading volume on Monday, Mar. 17, overtaking Uniswap ( UNI ) and Raydium ( RAY ), which saw $1.021 billion and $334.98 million, respectively. https://twitter.com/cz_binance/status/1900114634121601493 The surge in trading volume apparently comes after Binance founder Changpeng Zhao reignited interest in memecoins, indirectly promoting BNB Chain-based memecoin MUBARAK on his social media profiles . https://twitter.com/ai_9684xtpa/status/1901228953857298777 A few days later, on-chain analysts reported that a crypto address associated with Zhao spent 1 Binance Coin ( BNB ) to purchase MUBARAK, though it’s unclear how much Zhao-backed promotion affected activity around the token. As of press time, MUBARAK soared over 270% in the past seven days. Data from PancakeSwap V3 shows that following Zhao’s mentioning of MUBARAK, the token soared to the third most traded asset on the platform, behind only Tether ( USDT ) and Wrapped BNB. You might also like: Binance founder plans BNB liquidity boost, warns against opportunistic token sends Earlier in February, crypto.news reported that PancakeSwap’s total volume jumped over 60% to $28.23 billion, marking its best performance since November 2021. The exchange also crossed a major milestone, with its historical trading volume surpassing $1 trillion. PancakeSwap’s DEX volume has also translated to higher fees for the exchange as its total fees this year rose to $64 million, bringing the 365-day total to $274 million, becoming one of the most profitable players in the decentralized finance industry. Read more: 4 catalysts that may push BNB price to $1,160 soon

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez