上週的煎餅瓦普（蛋糕）經歷了數量激增

上週，Pancakeswap的體積激增，進而導致蛋糕需求激增。這轉化為代幣但快速前進的重要上行空間

Last week saw PancakeSwap experience a surge in volume which in turn led to a spike in CAKE demand.

上週看到pancakeswap經歷了數量激增，進而導致蛋糕需求激增。

This translated into significant upside for the token but fast forward to today and the first wave of profit-taking is has kicked off.

對於代幣而言，這轉化為顯著的上升空間，但很快就可以到今天，第一波的獲利浪潮已經開始。

The PancakeSwap native token pulled off an impressive 102% upside from its lowest price point to recent peak so far this month.

pancakeswap本地代幣從本月迄今為止最近的山峰的最低價格上取出了令人印象深刻的102％上升空間。

It peaked at $2.81 on Tuesday. Since then, it pulled back by a sizable margin. CAKE was down to $2.32 at press time, after 17.48% pullback from latest its local high.

它在周二的頂峰為2.81美元。從那以後，它以相當大的邊距向後拉。蛋糕在發稿時降至2.32美元，此前其本地高點回調了17.48％。

It was not yet overbought at its aforementioned peak, which suggests that the pullback was largely due to some profit-taking.

它尚未在上述高峰時期過高，這表明回調很大程度上是由於賺錢的。

While Pancakeswap (CAKE) bears were dominant in the last 24 hours, it remained unclear whether the profit-taking would continue to pull it to a lower price tag.

雖然在過去的24小時內pancakeswap（蛋糕）熊是占主導地位的，但尚不清楚獲利是否會繼續將其提高到較低的價格標籤。

Nevertheless, the recent performance revealed some interesting findings that could offer insights into CAKE prospects in coming months.

儘管如此，最近的表演揭示了一些有趣的發現，這些發現可能會在未來幾個月內提供對蛋糕前景的見解。

CAKE’s Demand in the Last 2 Months Outpaced its November 2024 Demand

蛋糕在過去兩個月中的需求超過了2024年11月的需求

Derivatives activities heighted some noteworthy observations. For example, open interest just clocked a high of $93.29 million on Tuesday and previously surged to $98.44 million at its peak in February.

衍生品活動提高了一些值得注意的觀察。例如，開放興趣剛剛在周二的高漲期限為9329萬美元，此前在2月的高峰期飆升至9844萬美元。

The aforementioned 2 peaks in open interest were notably higher compared to its highest peak in 2024 which occurred in December.

與2024年12月發生的最高峰相比，上述2個開放興趣的2個峰值顯著高。

Derivatives volumes also demonstrated a similar observation, confirming more activity in the segment.

衍生物的體積也表現出類似的觀察結果，證實了該節段中更多的活性。

The surge in derivatives activity related to Pancakeswap could signal high appetite for investors, which could also indicate the possibility of a liquidation event.

與pancakeswap有關的衍生品活動的激增可能會表明投資者的食慾很高，這也可能表明發生了清算事件的可能性。

Spot demand was not quite in tandem, given that net inflows were relatively weaker compared to February.

鑑於與2月相比，淨流入相對較弱，現貨需求並不完全列出。

In addition, there was a massive spike in spot outflows by roughly $10 million. This marks the highest daily spot outflows recorded in the last 10 months.

此外，現場流出的大約1000萬美元的巨大飆升。這標誌著過去10個月記錄的每日最高點流出。

CAKE long liquidations in the last 24 hours amounted to $1.42 million while short liquidations were less than half that amount.

在過去的24小時內，蛋糕長的清算量為142萬美元，而短清算量不到該量的一半。

Can Strong PancakeSwap Volumes Support a Higher Floor Price?

強大的煎餅量可以支持更高的地板價格嗎？

The underlying cause of the latest hype around CAKE may offer insights into how things could play out for the token.

最新炒作蛋糕的根本原因可能會提供有關令牌如何發揮作用的見解。

The PancakeSwap DEX has been experiencing robust utility lately, hence the surge in appetite for CAKE.

最近，pancakeswap Dex一直在經歷強大的公用事業，因此對蛋糕的胃口激增。

PancakeSwap ranked as the top DEX according to DeFiLlama. Its volume in the last 24 hours soared to $2.67 billion which was more than double the volume achieved by the runner-up.

根據DeFillama的說法，Pancakeswap被評為頂級DEX。它在過去24小時內的數量飆升至26.7億美元，這是亞軍獲得的數量的兩倍以上。

Both token volume and revenue were up on PancakeSwap, with daily levels recently surpassing over $1 million each.

pancakeswap上的代幣數量和收入都在上升，每天的水平最近都超過100萬美元。

The token volume and revenue surge confirms PancakeSwap’s surging activity. This is also no coincidence but rather a reflection of recent market dynamics.

代幣的數量和收入激增證實了pancakeswap的激增活動。這也不是巧合，而是最近市場動態的反映。

DeFiLlama data also revealed that DEX volumes this year surged to new highs. It even surpassed levels observed in the previous bull run.

Defillama的數據還顯示，今年的DEX量升至新的高點。它甚至超過了先前的牛跑中觀察到的水平。

This means CAKE demand could surge higher if this trend continues to proliferate in the coming months.

這意味著，如果這種趨勢在未來幾個月繼續擴散，則蛋糕需求可能會增加。