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crypto.news 2025-03-17 09:34:22

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

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

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Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine