PancakeSwap’s day by day buying and selling quantity reached $1.27 billion on Dec. 4, the very best single-day buying and selling quantity the decentralized exchanged has seen since March of this yr.
In response to knowledge from PancakeSwap, BNB (BNB) Chain’s largest decentralized change noticed its day by day buying and selling quantity skyrocket by greater than 60% from the day gone by after the DEX launched its token launch platform PancakeSwap SpringBoard on Dec. 4.
PancakeSwap presently ranks second on DeFi Llama’s DEX leaderboard by buying and selling quantity, beating out Raydium, Orca and Aerodrome. Prior to now 24 hours, the platform has collected $2.32 billion value in crypto buying and selling quantity.
Since March 2024, the DEX has not been capable of break by the $1 billion threshold till yesterday when it introduced the discharge of a launch platform for BNB-powered meme cash, which many have thought of much like pump.enjoyable, the Solana-powered token launch platform well-known for being a “meme coin market.”
You may additionally like: BNB reaches new all-time excessive after PancakeSwap unveils launch platform for BNB meme cash
In response to knowledge from Dune analytics, pump.enjoyable’s day by day buying and selling quantity fell by almost 13%, from $230.4 million on Dec. 3 to $201.4 million on Dec. 4. On the time of writing, the platform has launched a complete of 4.3 million tokens.
Pump.enjoyable has been credited with popularizing Solana (SOL)-powered meme cash within the crypto sphere. As beforehand reported by crypto.information, pump.enjoyable contributed to 62.3% of Solana’s DEX transactions in November.
PancakeSwap Springboard might increase Binance Coin by offering customers with a platform the place they might create and commerce BNB Chain meme cash with out coding vital. After the launch of PancakeSwap Springboard, BNB reached a brand new all-time excessive of $782.
Not solely that, BNB’s market cap even surpassed Solana to change into the fifth largest cryptocurrency with a market cap of $113 billion on Dec. 4.
Although, it stays to be seen whether or not this pattern will proceed. On the time of writing, BNB has gone down by 4.78% up to now 24 hours, in response to knowledge from crypto.information. The token is presently buying and selling palms at $734.21. BNB’s market cap has additionally gone all the way down to $106 billion.
You may additionally like: 62% of Solana’s DEX transactions belong to Pump.enjoyable — What retains it going?
