Summary
- PancakeSwap’s monthly trading volume reached an all-time high of $325 billion in June.
- Total trading volume for Q2 approached $530 billion, more than double that of Q1.
- The media outlet analyzed that continuous updates and the release of new features drove the surge in trading volume.
The decentralized exchange (DEX) PancakeSwap (CAKE) has recorded its highest-ever monthly trading volume.
According to Cointelegraph on the 2nd (local time), PancakeSwap's monthly trading volume in June reached $325 billion, setting a new all-time high. This figure is an 87% increase compared to the $174 billion recorded in May.
The trading volume for the second quarter also surged compared to the first quarter. Data from Dune Analytics showed that PancakeSwap’s Q2 trading volume neared $530 billion, more than double the first quarter’s $211 billion.
The media outlet analyzed, "Ongoing updates and the introduction of new features that enhance user experience and transaction efficiency have driven the surge in trading volume."
Meanwhile, on June 11 (local time), PancakeSwap launched a new feature, 'Crosschain Swaps', simplifying asset exchanges across blockchains.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
