PancakesWap, the main distributed trade (DEX), operated by 9 blockchain networks, set new data of buying and selling actions in January and February 2025. Now we have achieved our highest month-to-month buying and selling quantity since 2021.
This document was pushed by the restoration of the BNB chain and the motion of memes on the chain. Nevertheless, the market in March reveals indicators that might problem Dex’s potential to keep up this quantity.
Pancakeswap’s complete cumulative quantity exceeds $1.1 trillion
Dune’s knowledge reveals that Pancakeswap’s buying and selling quantity started to rise sharply in December final yr. By January, DEX had reached a buying and selling quantity of $78.4 billion, exceeding $81 billion in February. This marks the best month-to-month buying and selling quantity since 2021.
This document helped push the entire cumulative quantity of Pancakeswap to a cumulative quantity of over $1.1 trillion.
Pancakeswap Dex Month-to-month Quantity and Dealer. Supply: Dune
The surge in buying and selling quantity was primarily because of the revival of the BNB chain ecosystem.
“As a key participant within the BNB chain ecosystem, Pancakeswap continues to learn from the rise within the BNB chain’s revival,” learn an excerpt from a press launch shared with Beincrypto.
Moreover, Dune’s knowledge reveals that Pancakeswap holds greater than 90% of the DEX market share of the BNB chain. This highlights the shut relationship between the BNB chain and Pancakeswap.
Dex Marketshare on BNB Chain. Supply: Dune
Since early February, CZ, former CEO of Binance, has promoted 4 notes by launching a check (TST) token. 4.meme acts as a “gateway” for introducing new tokens into Pancakeswap. 4. The surge in exercise in meme could have contributed to a rise in Pancakeswap buying and selling quantity as new tokens attracted customers and merchants.
Regardless of PancakesWap’s robust buying and selling quantity in early 2025, month-to-month energetic customers remained at round 2 million. This represents a 63% decline from the height in 2021 and a 30% decline from the best stage in 2024. The trade has not but attracted a big variety of new merchants.
Dex quantity of BNC chain. Supply: Defilama
Moreover, Defillama knowledge reveals that the BNB chain’s day by day DEX quantity has been progressively lowering since mid-February, falling from over $6 billion per day to only $1.5 billion per day.
Moreover, the market capitalization of memecoin in March fell almost 60% from its December peak, down from $137 billion to $55 billion. Meme Coin Buying and selling Frenzy on Dexs can also be weakened. This might doubtlessly problem Pancakeswap within the coming months.
Efficiency at Pancakeswap (cake) worth. Supply: Beincrypto
In line with Beincrypto knowledge, Pancakeswap (Cake) is buying and selling at round $1.74 on the time of writing, down 60% from its current peak of $4.5 in December.
