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PancakeSwap, a leading decentralized exchange (DEX) on BNB Chain, has surpassed Uniswap in daily and weekly trading volume, driven by increased interest in memecoins. According to DeFiLlama, PancakeSwap recorded over $3 billion in 24-hour volume and $21 billion weekly, while its native token, CAKE, soared 40% in a day and doubled in value over the week.
PancakeSwap's native token, CAKE, has been on an impressive run, rising 53% in just 24 hours, with its weekly gains pushing past 100%. This surge comes after a brief decline over the last month, sparking speculation about whether the token can maintain its bullish momentum or if it will face a short-term correction.
The recently released Consumer Price Index (CPI) summary shows that inflation has risen marginally, which led Bitcoin to move up in value by single digits. Altcoins, however, experienced more of an impact as BNB price pumped by more than 13% in the last 24 hours.
CAKE, the native token of decentralized exchange PancakeSwap, the largest protocol on the BNB Chain, saw an unexpected 50% price increase in hours, capturing the market's attention.
CZ hinting he will unveil his pet dog's name and likeness has ignited a wave of speculation over the potential launch of a new memecoin.
TL;DR CAKE has risen by 34.9% in 24 hours and over 100% in the last week, reaching $2.87 after a correction phase that brought it close to $1.33. The total value locked (TVL) in the platform has grown by 15.91%, reaching $1.85 billion, with the potential to surpass $2 billion if the trend continues.
PancakeSwap (CAKE), Sonic prev. Fantom (S) and Lido DAO (LDO) are the top gainers among 100 largest cryptocurrencies by market cap. CAKE price has spiked more than 40% in the past 24 hours, while S and LDO have notched +17% and +12% to rank among best performing altcoins today.
The move comes as bitcoin has stuttered around $96,000.
PancakeSwap has pulled off a 52.7% rally in the last 24 hours, fueled by its growing presence in the DeFi space.
PancakeSwap's native token, CAKE, has emerged as the top-performing asset in the past 24 hours. Its value has soared by 57%, causing the altcoin to trade at an all-time high of $3.04 at press time.
Despite bullish momentum, CAKE could experience a brief cooldown. Can the alt resurge after that and sustain its momentum?
Cryptocurrencies displayed optimism on Thursday following Bitcoin's swift rebound after yesterday's US CPI-driven dip below $95K. While top alts Ethereum (+3.55%), XRP (+2.30%), and Dogecoin (+2.80%) recorded significant gains in the past day, PancakeSwap dominated trends. CAKE jumped from its $1.92 opening price to a daily high of $3.2 – a 66.67% jump.
The Binance season is here! The Binance ecosystem tokens, BinanceCoin (BNB) & Pancakeswap (CAKE), skyrocketed, leaving the major cryptos behind. The BNB price surged above $700 with over a 15% rise and flipped Solana to become the 5th largest crypto after BTC, ETH, XRP, & USDT.
The crypto prices on Thursday echoed considerable optimism among traders and investors globally, embarking on rising trajectories. Bitcoin (BTC) price pumped to regain a hold above $97K, whereas Ethereum (ETH), XRP, and Solana (SOL) also traded dominantly in the green territory intraday.
The Binance Coin price has surged and is nearing its all-time high as demand for the token jumps. BNB jumped to a high of $720 on Thursday morning, about 10% below its all-time high of near $800.
PancakeSwap (CAKE) has experienced a remarkable surge of over 100% in the past week, riding on the broader recovery of the BNB ecosystem.
PancakeSwap reached peak volumes in January, extending the heightened activity into the new month. The chain, which lagged during the bear market, is turning into another active hub for meme tokens.
The Four.meme token platform lost $183K in an exploit, pausing PancakeSwap LP trading while on-chain trades remain active.
PancakeSwap (CAKE) token rose to a high of $2.1600, up by over 75% from its lowest level this month, bringing its market cap to $556 million.
Unlike most smart contract platforms that expose transactional data on-chain, Zano's privacy-preserving approach ensures that contract execution details remain obscured.
PancakeSwap has expanded its advanced trading features to Arbitrum, Linea, and Base. PancakeSwap was able to accomplish these features on Arbitrum (ARB), Linea, and Base by integrating Orbs' dLIMIT and dTWAP protocols, according to a note shared with crypto.news.
The dLIMIT and dTWAP protocols by Orbs are now also supported by the three networks.
Pop star Zayn Malik had the Last of Us-themed birthday cake for his birthday. He shared the eerie Clicker cake with his fans on social media.
PancakeSwap has now burnt a total of 8.9 million CAKE as it looks to enhance ecosystem valuation.
