上周的煎饼瓦普（蛋糕）经历了数量激增

上周，Pancakeswap的体积激增，进而导致蛋糕需求激增。这转化为代币但快速前进的重要上行空间

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

上周看到pancakeswap经历了数量激增，进而导致蛋糕需求激增。

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

对于代币而言，这转化为显着的上升空间，但很快就可以到今天，第一波的获利浪潮已经开始。

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

pancakeswap本地代币从本月迄今为止最近的山峰的最低价格上取出了令人印象深刻的102％上升空间。

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.

它在周二的顶峰为2.81美元。从那以后，它以相当大的边距向后拉。蛋糕在发稿时降至2.32美元，此前其本地高点回调了17.48％。

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

它尚未在上述高峰时期过高，这表明回调很大程度上是由于赚钱的。

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.

虽然在过去的24小时内pancakeswap（蛋糕）熊是占主导地位的，但尚不清楚获利是否会继续将其提高到较低的价格标签。

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

尽管如此，最近的表演揭示了一些有趣的发现，这些发现可能会在未来几个月内提供对蛋糕前景的见解。

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

蛋糕在过去两个月中的需求超过了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.

衍生品活动提高了一些值得注意的观察。例如，开放兴趣刚刚在周二的高涨期限为9329万美元，此前在2月的高峰期飙升至9844万美元。

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

与2024年12月发生的最高峰相比，上述2个开放兴趣的2个峰值显着高。

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

衍生物的体积也表现出类似的观察结果，证实了该节段中更多的活性。

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

与pancakeswap有关的衍生品活动的激增可能会表明投资者的食欲很高，这也可能表明发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.

鉴于与2月相比，净流入相对较弱，现货需求并不完全列出。

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，现场流出的大约1000万美元的巨大飙升。这标志着过去10个月记录的每日最高点流出。

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

在过去的24小时内，蛋糕长的清算量为142万美元，而短清算量不到该量的一半。

Can Strong PancakeSwap Volumes Support a Higher Floor Price?

强大的煎饼量可以支持更高的地板价格吗？

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会提供有关令牌如何发挥作用的见解。

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

最近，pancakeswap Dex一直在经历强大的公用事业，因此对蛋糕的胃口激增。

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.

根据DeFillama的说法，Pancakeswap被评为顶级DEX。它在过去24小时内的数量飙升至26.7亿美元，这是亚军获得的数量的两倍以上。

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

pancakeswap上的代币数量和收入都在上升，每天的水平最近都超过100万美元。

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

代币的数量和收入激增证实了pancakeswap的激增活动。这也不是巧合，而是最近市场动态的反映。

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

Defillama的数据还显示，今年的DEX量升至新的高点。它甚至超过了先前的牛跑中观察到的水平。

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

这意味着，如果这种趋势在未来几个月继续扩散，则蛋糕需求可能会增加。