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Cryptocurrency News Articles
PancakeSwap Hits All-Time High Trading Volume of $205.3B in Q1 2025
Apr 24, 2025 at 12:00 pm
PancakeSwap, a pioneering multi-chain DeFi exchange (DEX), is excited to announce its achievement of its strongest quarter
PancakeSwap, a leading multi-chain decentralized exchange (DEX), has achieved its strongest quarter since its launch in 2020. The exchange has reached its all-time high trading volume of $205.3 billion in Q1 2025.
This remarkable step forward in decentralized finance has been highlighted by several reports. Dune Analytics has observed that the number of unique traders on PancakeSwap has reached 5.83 million in Q1 2025.
This marks the highest level since Q4 2021 and represents a significant surge of 81.25% compared to Q1 2023.
The transaction volume on the platform also experienced a substantial leap of 159.41%, increasing from 44.1 million to 114.4 million in the current quarter.
The trading volume has climbed from $20.1 billion in Q1 2023 to $205.3 billion as of the current quarter, a staggering 922% increase. This sustained adoption over several quarters, without any short-term hype, further reveals the ever-increasing appetite for decentralized trading platforms.
A Fostered Momentum with the Innovation in PancakeSwap
Key to PancakeSwap’s breakout performance is its continuous push for innovation. The platform is now present on multiple chains, including BNB Chain, Arbitrum, Base, and Ethereum, with each chain accumulating massive cumulative volumes.
On BNB Chain, the platform has secured $1.14 trillion, Arbitrum at $20.28 billion, Base at $21.10 billion, and Ethereum at $20 billion.
New offerings on PancakeSwap will further provide an enhanced user experience with wide appeal. These offerings include PancakeSwap Infinity, PancakeSwap v3, gassless swaps through PancakeSwapX, and the Telegram Bot.
As Q2 2025 approaches, PancakeSwap is poised to continue reshaping DeFi with its steadfast commitment to the industry. Supported by a vibrant ecosystem and a loyal user base, PancakeSwap is paving the way for new frontiers in decentralized finance.
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- XRP Price Surges 4.46% to $2.24 as Trading Volume Skyrockets 124% to $5.92 Billion
- Apr 24, 2025 at 03:10 pm
- The rally coincides with a significant development in the financial markets. Asset manager Teucrium has launched the first-ever XRP ETF in the United States, offering leveraged exposure to the cryptocurrency.
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- XRP Price Prediction: Is This the Start of Altcoin Season?
- Apr 24, 2025 at 03:05 pm
- Crypto markets are heating up again, and XRP is finally showing signs of a major breakout. Investors are watching closely and some analysts believe the market is witnessing the beginning of a much larger rally that could send prices soaring to new all-time highs.
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