Pancakewap has seen remarkable growth over the past few sessions, as its commercial activity increased by almost 60 % over the past week.
The renewed investor and optimism have seen the cake dealer gaining more than 17 % in the past seven days.
The wonderful upward trend coincided with the increased trading activity on the pancakes.
The protocol topped decentralized exchange rankings in the world with more than $ 14 billion in seven -day trading folders.
Pancakeswap claim Top Dex! With more than $ 14 billion in weekly trading volume and an increase of 58.04 %, Pancakeswap Uniswap has exceeded as the leading decentralized stock exchange.
The impressive ecosystem developments have seen that the uniswap pies as the dominant DeX.
UNISWAP has a decrease of more than 50 % in trading volume, with a decrease in the scale to 8.61 billion dollars.
The significant decrease in Raydium, Meteora and Fluid shows the Pancakeswap effect in the decentralized exchange sector.
What is behind the growth of Vanxx and Wab?
Various factors contributed to the rise of DeX. Pancakeswap has been on the investor radar since I grew up from the BNB series recovery.
Mimi’s symbolic trading boom on the liquidity of compressed fungal pies in the Bachelor’s degree, and attracting new players.
Moreover, Pancakeswap developers have developed the protocol with new jobs, including low transaction fees, improved assembly basin, and return agriculture.
Also, Pancakewap enhances Binance Smart Chain, making it profitable for small investors and retail dealers.
This is unlike the uniswap, which depends on the high gas fees in ETHEREUM.
Uniswap and Raydium
While the fancy and Wab gathered to register the highlands, UISWAP and Raydium have witnessed a dull activity.
The UNISWAP decrease of 50.56 % in trading indicates a possible transformation as the participants choose faster and cheaper solutions.
However, uniswap remains an important player in decentralized financing.
It continues to develop L2S such as optimism and definition to ensure the speed of strengthening and low transaction fees.
On the other hand, Raydium failed to recover despite the COUNTER plans to release the Meme icon generator.
Trading volume decreased by 24.75 % last week, indicating the optimism of the pale investor.
Also, Meteora and fluids recorded 33.03 % and 52.76 % decrease, respectively.
Dex Contest: What next?
The protocol rivalry is likely to be enlarged with the maturity of the decentralized stock exchanges.
The enthusiasts will see how the best two Dexs compete.
Pancakewap aims to give the democratic character to the space, and take advantage of its relationship with the Binance Smart series.
Features and strategic cooperation indicates a profitable feature for DeX.
Meanwhile, the planned expansion of the uniswAP can lead to many Blockchains and upcoming promotions to the pies in the upcoming sessions.
However, the huge trading volumes in Pancakeswap emphasize the increasing impact on the Defi industry.
With PSC looking to control the following Meme trading wave, the Dex future looks bright.
Cake price expectations
The growing trading activity remained a cake standing on its feet, as the uncertainty dominated the market last week.
It gained more than 17 % last week to $ 2.53 at the time of the press.
The strong bullish position suggests more cake prices.
However, the 24 -hour trading volume indicates that the bull is exhausted after the wonderful boom.
Thus, Alt may decrease before extending the current upward trend.
The post -bun price jumps by 17 % after it exceeds Pancakeswap UnoSwap in Dex Categories for the first time on Invezz
