• Pancakeswap reported $6.55 billion and $158.4 billion over 30 days.
• Uniswap, the second largest DEX, was $1.79 billion a day and $82.32 billion on a 30-day quantity.
• Pancakeswap works on 9 blockchains, enhancing its attain and consumer exercise.

Pancakeswap has emerged as a serious distributed alternate (DEX) by buying and selling volumes, considerably outpacing its colleagues. In accordance with new Defillama figures shared on X, the platform has recorded a buying and selling quantity of $158.4 billion over the previous 30 days.

Methods Behind Pancakeswap’s Domination

PancakesWap’s domination within the DEX market is supported by compatibility with 9 blockchain networks. This multi-chain compatibility has enabled us to draw a variety of customers and liquidity suppliers.

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Notably, Pancakeswap hit an all-time excessive of $325 billion in June, practically doubleping its $174 billion in Could, pushing its second quarter complete to $500 billion.

This surge in exercise got here after Pancakeswap Infinity’s launch in April. This can be a main platform improve that introduces low fuel pricing and new instruments to builders and liquidity suppliers.

Additional enhancements got here on June eleventh, when the platform allows native cross-chain buying and selling throughout BNB chains, Ethereum and Arbitrum, eradicating the necessity for exterior bridges. On July 1st, PancakesWap expanded its attain by launching a V3 liquidity pool on its Solana community.

Regardless of wider chain protection, Uniswap is shifting backwards

UNISWAP, which helps 37 blockchains, ranks second on the buying and selling quantity chart. The 24-hour quantity was $1.79 billion, totaling $823.2 billion over 30 days.

The platform maintains a robust place with the Defi Ecosystem, however its buying and selling quantity is sort of half that of Pancakeswap. Regardless of wider community help, UNISWAP seems to have misplaced its place by way of consumer engagement and transaction frequency.

Different platforms present modest exercise

Raydium got here in third, recording a 24-hour quantity of $677.69 million and a 30-day complete of $18.65 billion. Aerodrome continued at $517.99 million every day and $138 billion month-to-month.

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Different platforms within the prime 9 embody Meteora ($120.1 billion), Fluid ($8.68 billion), Pumps ($13.42 billion), ORCA ($132.6 billion), and Excessive-fat ($10.12 billion) in a 30-day quantity. These platforms are energetic, however far beneath the buying and selling benchmarks set by PancakesWap and Uniswap.