pancakeswap出现了，最高的DEX超过了日常交易量

@bnbchain的@pancakeswap在分散的交易所（DEX）市场上取得了领先

PancakeSwap has taken the lead in the decentralized exchange (DEX) market, recording $1.64 billion in 24-hour trading volume, according to DeFiLlama. This makes it the most active DEX in comparison to Uniswap, which reported $1.04 billion, and Solana's Raydium at $334.98 million.

根据Defillama的数据，Pancakeswap在分散交易所（DEX）市场领先，在24小时的交易量中记录了16.4亿美元。与Uniswap相比，这使它成为最活跃的DEX，该uniswap报告了10.4亿美元，而索拉纳的Raydium则为3.3498亿美元。

Emerging as the largest BNB Chain-based DEX, PancakeSwap is now the most-used DEX overall. It is known for its competitive advantages, offering lower transaction fees and faster trade execution speeds compared to Ethereum-based DEXs.

pancakeswap成为最大的基于BNB链的DEX，现在是总体上最常用的DEX。它以其竞争优势而闻名，与基于以太坊的DEX相比，交易费用较低和更快的贸易执行速度。

"This makes it the most active DEX in comparison to Uniswap, which reported $1.04 billion, and Solana's Raydium at $334.98 million.

“与Uniswap相比，这使它成为最活跃的DEX，后者报告了10.4亿美元，而Solana的Raydium则为3.3498亿美元。

Emerging as the largest BNB Chain-based DEX, PancakeSwap is now the most-used DEX overall. It is known for its competitive advantages, offering lower transaction fees and faster trade execution speeds compared to Ethereum-based DEXs.

pancakeswap成为最大的基于BNB链的DEX，现在是总体上最常用的DEX。它以其竞争优势而闻名，与基于以太坊的DEX相比，交易费用较低和更快的贸易执行速度。

However, despite its lower trading volume, Uniswap holds a larger liquidity footprint, currently boasting $3.75 billion in total value locked (TVL), whereas PancakeSwap has $2.4 billion.

但是，尽管交易量较低，但Uniswap的流动性足迹却较大，目前拥有37.5亿美元的总价值锁定（TVL），而PancakesWap的流动性足迹具有24亿美元。

PancakeSwap has consistently performed throughout the beginning of this year. It reached $78.4 billion in monthly trading volume in January and increased to $81 billion in February, the highest monthly trading activity since 2021.

在今年年初，Pancakeswap一直表现。 1月份的每月交易量达到784亿美元，2月增加到810亿美元，是自2021年以来每月最高的交易活动。

PancakeSwap controls over 90% of the DEX market share on the BNB Chain. The dominance reflects the broader revival of the BNB Chain ecosystem, which has recently seen renewed user interest.

PancakesWap控制着BNB链上DEX市场份额的90％以上。主导地位反映了BNB链生态系统的更广泛复兴，该系统最近看到了用户的兴趣。

Competitive Advantages in the DEX Landscape

DEX景观中的竞争优势

PancakeSwap offers several advantages over its competitors. The exchange charges lower fees than Ethereum-based DEXs, with transactions costing only a few cents. It also processes trades faster, with completions typically taking seconds. These features help PancakeSwap effectively compete against Uniswap. While Uniswap benefits from higher liquidity, its users must contend with Ethereum's higher gas fees.

pancakeswap比竞争对手提供了几个优势。交易所收取的费用低于基于以太坊的DEX，交易的费用仅为几美分。它还可以更快地处理交易，完成的交易通常需要几秒钟。这些功能有助于有效地与uniswap竞争。虽然UNISWAP受益于更高的流动性，但其用户必须与以太坊的较高汽油费用。

Moreover, Four.meme, a meme coin creation platform backed by former Binance CEO Changpeng Zhao, has contributed to the trading activity on PancakeSwap. It is an entry point for new tokens entering the PancakeSwap ecosystem. The exchange’s native CAKE token makes up 27% of its trading volume. CAKE currently trades at $2.66 and showed recovery from previous price levels.

此外，由前Binance首席执行官Changpeng Zhao支持的Meme Coin Creation平台Four。为pancakeswap的交易活动做出了贡献。这是进入pancakeswap生态系统的新令牌的切入点。该交易所的本地蛋糕令牌占其交易量的27％。蛋糕目前的交易价格为2.66美元，显示从以前的价格水平中恢复。

BNB Smart Chain, with gas fees 90% lower than Ethereum, positions the network for potential user growth. The chain currently carries $5.4 billion in locked liquidity, doubling since the 2023 lows.

BNB智能链，汽油费比以太坊低90％，为潜在用户增长的网络定位。该连锁店目前具有54亿美元的锁定流动性，自2023年低点以来增加了一倍。

Market Implications

市场含义

PancakeSwap's current trading volume leadership highlights the evolving dynamics in decentralized finance. As competition between blockchain ecosystems continues, the exchange's performance gives insight into trends in the DEX market.

Pancakeswap目前的交易量领导力突出了分散财务中不断发展的动态。随着区块链生态系统之间的竞争继续，交易所的性能使DEX市场的趋势深入了解。

The success of PancakeSwap is due to Binance's consistent and strong performance, which accounts for up to 53% of crypto trading activity. This connection between centralized and decentralized platforms within the Binance ecosystem shows today's interconnected crypto trading landscape.

PancakesWap的成功归因于Binance的一致性和强劲的表现，该表现占加密交易活动的53％。二元生态系统中的集中式平台和分散平台之间的这种联系显示了当今相互联系的加密货币贸易格局。