- PancakeSwap reaches $4.56 million revenue, ranking third in crypto earnings.
- PancakeSwap’s trading volume rises by 156%, boosting market interest.
- PancakeSwap’s performance triggers positive community and industry responses.
Title: PancakeSwap Surges to Third Place in Crypto Revenue Ranking
PancakeSwap’s revenue has reached $4.56 million over the past 24 hours, according to data from DefiLlama as of March 23, 2025.
PancakeSwap Achieves $4.56 Million in 24-Hour Revenue
PancakeSwap, a DEX on BNB Chain, attained $4.56 million in 24-hour revenue, positioning it third on crypto leaderboards. The top spots were held by Tether at $18.37 million and Circle at $6.25 million. The PancakeSwap team has not released any official statements regarding this milestone. However, its active Twitter account highlights the platform’s growing financial footprint.
The boost in revenue correlates with an impressive market response. PancakeSwap’s CAKE token rose by 40% to $2.89, and trading volume surged to $2.1 billion, marking a 156% increase. Furthermore, the platform’s Total Value Locked (TVL) recorded an 8.7% uptick, reflecting a strong market reaction and investor confidence.
Sentiment in the community remains positive, as noted on the PancakeSwap Discord server, sparking discussions on potential growth. Hayden Adams, Uniswap’s Founder, added on Twitter: “Congratulations to the PancakeSwap team on their recent performance. Competition drives innovation in the DeFi space.”
Market Insights: PancakeSwap’s Strategic Growth and Challenges
Did you know?
On March 23, PancakeSwap registered a remarkable gain with a 156% rise in trading volume, emphasizing its capability to outshine its DEX peers, reflecting shifts in the DEX space.
As of March 23, 2025, CoinMarketCap data indicates PancakeSwap’s price at $2.60, with its market cap at $785.42 million. The fully diluted market cap stands at $1.17 billion, alongside a 24-hour trading volume of $232.43 million, reflecting a -42.35% change. Despite a slight 24-hour decline of -1.12%, the seven-day change shows a substantial 44.43% increase, driven by advantageous market conditions and investor engagement. With a circulating supply of 301.96 million and a maximum supply of 450 million tokens, PancakeSwap’s market developments are being closely monitored by industry analysts.
Market strategists suggest that PancakeSwap’s upward momentum could lead to sustained financial growth if current trends persist. Historical metrics indicate the fluctuating yet promising nature of decentralized finance, providing opportunities for traders amid potential risks. Regulatory discussions and technology advancements continue to shape broader financial outcomes, as industry experts remain attentive to evolving variables.
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