Pancakeswap up 29% in 24 hours after new feature launch
Decentralized exchange PancakeSwap has seen a significant price surge over the past day following the launch of a new feature on the platform.
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Decentralized exchange PancakeSwap has seen a significant price surge over the past day following the launch of a new feature on the platform.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $35,000 level on Thursday. Ethereum (CRYPTO: ETH) also traded higher, rising past the key $1,800 mark this morning.
Decentralised Finance (DeFi) tokens continued their recovery mode as the crypto fear and greed index rose. PancakeSwap (CAKE) price surged by more than 30% on Thursday and reached the highest point since July this year. Synthetix (SNX) price, on the other hand, jumped to a high of $2.50, its highest level since August 2023.
PancakeSwap (CAKE), the dominant decentralized exchange (DEX) platform on the Binance Smart Chain, appears to be back on track, with a parabolic price surge. At the time of writing, the altcoin is up by 28%, with its price changing hands at $1.55.
PancakeSwap's volume on BNB Chain reached the 20 billion mark. While this happened, CAKE's value surged substantially.
Decentralized exchange PancakeSwap has introduced the Position Manager feature. The new feature allows one to place assets into a vault and automatically send them to liquidity pools.
PancakeSwap, the second-largest decentralized exchange in daily volume, announced an essential collaboration with Bril Finance on Monday. The partnership aims to introduce a novel portfolio manager function, enhancing its financial offerings for users.
With the new liquidity pool and yield strategy, PancakeSwap could well be on its way to attracting more users. But this would also depend on the sentiment toward the development.
Multichain decentralized exchange PancakeSwap has partnered with DeFi protocol Bril Finance to allow users access to an automated portfolio management tool. The integration will see PancakeSwap users optimize their yield strategies via direct integration with the DEX's position manager.
The crypto exchange added a feature that allows users to deposit single assets into a vault, which are then automatically invested into diverse liquidity pools.
PancakeSwap, the leading decentralized exchange in the BNB chain ecosystem, announced a short while ago that it has introduced a new mechanism that leverages capital efficiency within the v3 platform.
PancakeSwap's price has rallied by nearly double digits in the last seven days. But a few metrics and market indicators have turned bearish on the token.
CAKE's social dominance metric saw far more spikes in September and October than they did between May and August and noted increased positive social media engagement. Does this mean good news for the alt?
In a recent announcement, PancakeSwap has unveiled its astonishing achievement, as their Perpetual V2 platform, now residing on the Arbitrum network, has witnessed an incredible surge, surpassing an impressive milestone of $200 million in cryptocurrency trading volume. This extraordinary accomplishment is a testament to the unyielding commitment and dedication of the global cryptocurrency community.
PancakeSwap DEX was among the first decentralized exchanges to support Zksync Era, hence it was able to tap into the growing utility.
Out of 100 applicants, Arbitrum chose to focus on derivative protocols and decentralized exchanges. However, approved projects need to report on their respective progress regularly.
The bulls are fighting hard to hold the price, but the market is constantly losing momentum as major cryptocurrencies are once again trading close to their respective crucial support levels. CAKE Price has experienced the same situation as the DeFi space is constantly failing to regain its strength.
PancakeSwap published its burn report for the month of September, showcasing its accomplishments in reducing the supply of native token CAKE.
PancakeSwap noted that the deployment would help accommodate about 4,000 Transactions Per Second (TPS) while gas fees could be as low as $0.005.
PancakeSwap v3, a decentralized exchange, has deployed on opBNB, a layer-2 scaling solution for the BNB Chain
Texas emerges as a formidable player in Bitcoin mining, claiming more than 28% of the country's hash rate.
Popular stablecoin provider, Tether, has unveiled modifications to its service terms in Singapore, potentially affecting a wide range of its clientele, including the DeFi company, Cake DeFi. Julian Hosp, the CEO of Cake DeFi, disseminated an email he obtained from Tether.
PancakeSwap, a decentralized exchange (DEX), has partnered with fiat-to-crypto gateway Transak to allow users to directly purchase cryptocurrencies on its platform. According to a Sept.
PancakeSwap, a decentralized crypto exchange, has expanded its “buy crypto” feature by integrating Transak, a global cryptocurrency onramp platform. This recent stride adds Transak to the list of third-party providers like Mercuryo and Moonpay, previously available for this feature.