PancakeSwap witnessed remarkable growth over the past few sessions, with its trading activity increasing by nearly 60% within the past week. The renewed investor and trader optimism saw CAKE gaining over 17% in the last seven days. The remarkable upside coincided with increased trader activity on PancakeSwap.
The competition among decentralized exchange platforms (DEX) has seen a significant shift. PancakeSwap has surpassed Uniswap in weekly transaction volume, claiming the top spot among decentralized exchanges. In a tweet, CoinMarketCap highlighted this milestone of Pancakeswap, explaining that the platform traded 14 billion dollars in one week with a growth of 58.04%. Pancakeswap thus surpassed Uniswap.
Crypto whales are making big moves on PancakeSwap's CAKE token.
Here's how some of your favorite assets concluded the week.
Per data aggregated from coinmarketcap.com and defillama.com, the decentralized exchange (DEX) platform Pancakeswap has eclipsed Uniswap in seven-day trading volume this week. DEX Volume Wars Analytics unveiled via a Sunday post on X by coinmarketcap.com's social media account reveal that the DEX Pancakeswap secured the top position in this week's trading volume figures.
PancakeSwap has claimed the top position in global decentralized exchange (DEX) rankings, achieving over $14 billion in weekly trading volume. According to CoinMarketCap data, PancakeSwap (CAKE) has seen an impressive 58.04% increase in activity over the past week.
PancakeSwap (CAKE) has experienced a notable recovery recently, surging by 55% over the past week. This sharp rise has reversed the significant losses seen in late February, with the altcoin now trading at $2.68.
In the current market uncertainty, whale interest appears to have shifted to CAKE, the native token of PancakeSwap. Recently, data from the on-chain analytics firm Santiment reported that PancakeSwap leads all assets in whale activity, having skyrocketed over the past week.
PancakeSwap price has led the broader market gains this Saturday, soaring nearly 10% amid renewed market interest. The protocol's trading volume in the past 24 hours topped $2.5 billion, overtaking Uniswap and securing the pole position in terms of trading volume on DEXs.
Bitcoin analysts remained bearish as charts signalled more pain ahead.
This week has seen a resurgence in trading activity in the crypto market. It is reflected by the spike in global crypto market capitalization, which has grown by $101 billion in the past seven days.
PancakeSwap, the biggest decentralized exchange on BSC Chain, has doubled in the last 30 days even as most cryptocurrencies crashed. PancakeSwap (CAKE) jumped to a high of $2.
TL;DR PancakeSwap solidifies its position as the third-highest revenue-generating protocol in the last 24 hours, reaching $4.56 million and surpassing platforms like Uniswap, Jupiter, and Lido. The price of CAKE has surged 45.72% over the past week, driven by the platform's growth and increasing investor interest.
EOS dropped 10.03% to $0.5672 by 21:34 (01:34 GMT) on the Investing.com Index, marking its steepest one-day decline since March 3. The downturn dragged EOSs market cap to $888.72 million, representing just 0.03% of the total cryptocurrency market.
The crypto market today was a bit upbeat as the market reflected on the latest Federal Reserve interest rate decision and the decision by the Securities and Exchange Commission (SEC) to end its Ripple Labs appeal.
BMT saw reduced selling volume during its retracement phase - Could the bulls be preparing for another rally?
EOS, a blockchain that launched in 2018 during the ICO boom to take on Ethereum, has rebranded to “Vaulta” as it pivots towards Web3 banking to capitalize on the increasing demand for innovative financial investment products.
Blockchain network EOS has announced its rebrand to ‘Vaulta' with a shift to Web3 banking and banking advisory group. The post EOS Price Jumps as Network Rebrands to Vaulta and Pivots to Banking appeared first on Cryptonews.
EOS experienced significant volatility this week after developers announced a major rebrand and a shift toward a “new era in finance.” EOS (EOS) initially surged to a multi-week high of $0.6675 following the rebranding news before retreating to $0.5695.
EOS Network is undergoing a significant rebrand, now transitioning into Vaulta as it ventures into the world of Web3 banking.
EOS price soared by 25% after the Vaulta rebrand and briefly soared above $0.65.
TL;DR Rebranding for Web3 Banking: EOS rebrands to Vaulta, pivoting to integrate decentralized finance with traditional banking systems. Token Swap & Exchange Expansion: A token swap (1:1) is planned by May 2025, with Vaulta set to list on nearly 140 exchanges.
EOS has surged by 26% over the past 24 hours, making it the top-performing crypto asset during that period.
Amid the market's bear struggle, the EOS price attains an unexpected rally. EOS blockchain network token has been struggling for years, losing more than 100% of its value from ATH, but things have changed today, as it surged 32% within hours.
EOS Network has announced that it will rebrand to Vaulta in a pivot to offer modern banking services to Web3 users. In the announcement, EOS Network also mentioned that it will be transitioning officially and launching a new token tentatively in May 2025.
The attackers impersonated legitimate entities to trick users.
EOS Network's rebrand to "Vaulta" and pivot to Web3 banking triggered a 30% price surge, though the token remains well below its all-time high.
The native token of the EOS Network recorded a strong bullish momentum amid the network's rebranding to Vaulta.
EOS Network has announced its rebrand to Vaulta, signaling a major move into Web3 banking. A token swap is expected by the end of May 2025, awaiting final confirmation.
The price of EOS rose 25% following news of its rebrand to Vaulta and a shift toward web3 banking. EOS (EOS) gained 25% to $0.
EOS Network has announced a radical transformation: the rebranding to Vaulta and the entry into the Web3 banking sector.
EOS is being dusted with small transactions, spoofing OKX, Binance and other exchanges. The attack arrives just a day after EOS rebranded itself to Vaulta, in a bid to create a Web3 bank.
EOS is trending as one of the top-gaining altcoins today, with its price up 27% in the past 24 hours. According to CoinMarketCap, EOS (EOS) leads the top 100 cryptocurrencies by market cap, ahead of Raydium (RAY) and Maker (MKR).
EOS is currently under attack by malicious actors who are exploiting a technique known as address poisoning.
EOS saw a significant 11.87% surge on Tuesday, reaching $0.5621 by 18:52 (22:52 GMT) on the Investing.com Index. This marks its largest one-day percentage gain since March 18, pushing its market capitalization to $810.96 million, representing 0.04% of the total cryptocurrency market.
EOS Network is transforming into Vaulta, marking a major shift toward Web3 banking. This rebrand includes a token swap planned for late May, positioning Vaulta as a bridge between traditional finance and decentralized banking.
The EOS blockchain is currently under attack by malicious actors employing an address-poisoning scheme.
The cryptocurrency market opened the day on a cautious note as the overall sentiment leaned toward fear. The market cap saw a modest rise of 0.15%, settling at $2.72 trillion. However, trading activity slowed down slightly, with 24-hour volumes dipping by 1.59% to $71.59 billion.
Eager to shake off its past, EOS has rebranded to "Vaulta," with traders speculating on the future of the network's underlying token.
The EOS Network, a blockchain that launched in 2018 amid the initial coin offering boom, has rebranded to Vaulta and will pivot to focusing on Web3 banking. The switch to Vaulta is tentatively scheduled for the end of May and will include a new token and the establishment of an advisory group known as the Vaulta Banking Advisory Council to help with the firm's new direction, the company said in a March 18 statement.
EOS is rebranding to Vaulta as it pivots toward Web3 banking. Alongside this transformation, the platform plans to introduce a new digital asset, allowing EOS holders to exchange their existing tokens on a 1:1 basis for the newly minted currency.
Crypto prices were relatively mixed on Wednesday morning as investors waited for the Federal Reserve interest rate decision. Bitcoin remained above $80,000, while the total market cap of all coins fell to $2.7 trillion. The crypto fear and greed index rose to the fear zone of 21, much higher than the weekly low of 18.
EOS Network announced on March 18 that it will rebrand as Vaulta, marking a strategic shift toward web3 banking as it seeks to integrate decentralized technology with traditional financial systems. The transition, which includes a token swap, is scheduled for late May 2025, pending confirmation.
EOS, the public blockchain launched in 2018 to take on Ethereum, has rebranded to Vaulta as it pivots to “web3 banking.”
The transition includes a token swap and the launch of a banking advisory group.
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PancakeSwap's CAKE token is the market's top performer today, surging 21% in the past 24 hours. At press time, the altcoin trades at $2.56.