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News

PancakeSwap Climbs to Third on Crypto Revenue Leaderboard

2 mins mins
Key Points:

  • PancakeSwap ranks third in 24-hour crypto revenue with $4.56M.
  • CAKE price jumps 12.4% to $2.89 in 24 hours.
  • Trading volume increases by 156% to $2.1B, indicating high activity.

pancakeswap-climbs-to-third-on-crypto-revenue-leaderboard
PancakeSwap Climbs to Third on Crypto Revenue Leaderboard

PancakeSwap, a prominent decentralized exchange, has experienced a remarkable increase in its revenue, climbing to $4.56 million over the last 24 hours, according to DefiLlama. This positions the platform as the third highest earner amongst crypto protocols, trailing only Tether and Circle.

PancakeSwap’s substantial revenue growth has highlighted its competitive edge in the DeFi space, surpassing major protocols like Uniswap. Such financial milestones reflect broader trends within decentralized finance, where competition fuels innovation and market engagement.

PancakeSwap’s Revenue Surpasses $4.56 Million Mark

PancakeSwap’s surge in revenue distinguishes it among decentralized financial platforms, having surpassed $4.56 million. The platform’s impressive performance places it above established names such as Jupiter, Tron, and Lido. This achievement was officially announced by PancakeSwap’s Twitter account, reinforcing the platform’s commitment to growth and community engagement.

The revenue increase coincides with a remarkable upswing in CAKE’s price, rising by 12.4%. Total trading volume hit $2.1 billion, reflecting heightened market interest and activity. The exchange’s Total Value Locked (TVL) also saw an 8.7% increase, underscoring PancakeSwap’s appeal to users.

The platform’s Discord server reported a significant rise in active user engagement, with positive sentiment prevalent among community members.

Price Trends and Market Impact of PancakeSwap’s Growth

Did you know?
The current surge in PancakeSwap’s revenue mirrors its performance from November 2024 when it temporarily surpassed Uniswap, demonstrating notable resilience and adaptability in reaching such milestones again.

CAKE is currently trading at $2.89, illustrating a 12.4% increase from the previous day. Analysts observe that the recent surge aligns with historical patterns when PancakeSwap experienced significant financial growth. The trajectory of CAKE’s price reinforces these trends, demonstrating similar market responses.

Experts emphasize that PancakeSwap’s recent achievements may encourage further technological advancements and integrations. As the DeFi sector evolves, platforms like PancakeSwap are expected to lead by example, showcasing sustainable growth and fostering industry-wide innovation.

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Avatar of John Kojo Kumi

John Kojo Kumi

20 March 2025, 07:29:05 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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