PancakeSwap Hits $11.65 Billion Volume in 24 Hours

PancakeSwap Overview and Impressive Achievements

PancakeSwap is a decentralized exchange operating on BNB Chain, featuring low transaction costs, a user-friendly interface, and support for a wide range of tokens, especially memecoins.

Reaching a trading volume of $11.65 billion in 24 hours is a remarkable number, far surpassing many other DEXs such as Uniswap or Raydium, making PancakeSwap the leading DEX in terms of daily trading volume.

Additionally, the 30-day figure of $149.07 billion shows steady and sustainable growth, following previous achievements such as $205.3 billion in Q1 2025 and $310.6 billion in the entire year of 2024.

These numbers are not only a testament to PancakeSwap's appeal, but also reflect the vibrancy of the DeFi market, especially as investors seek fast and low-cost trading opportunities on layer-2 blockchains like Arbitrum and Base.

Reasons for the huge trading volume

PancakeSwap has capitalized on the memecoin wave, which has been gaining traction in the crypto community. Memecoins on BNB Chain, with lower transaction fees than Ethereum, have stimulated trading demand, especially during bull markets. For example, previous reports have shown that interest in tokens such as TST or memecoins related to cultural events have contributed to increased trading volume on PancakeSwap.

Compared to other DEXs like Uniswap, PancakeSwap has the advantage of low transaction fees thanks to its operation on BNB Chain and layer-2s like Arbitrum and Base. This is especially attractive to high-frequency traders and those involved in automated trading strategies (trading bots). In addition, the easy-to-use interface and features like PancakeSwap SpringBoard (a platform that supports token creation and trading without coding) have attracted a large number of new users, thereby increasing trading volume.

Implications for the DeFi Market

PancakeSwap's achievement is not only a personal milestone but also has great significance for the entire DeFi market:

• PancakeSwap's huge trading volume shows that BNB Chain is still one of the leading blockchains in the DeFi space, especially with its fast transaction processing and low fees. This could spur other projects on BNB Chain to grow stronger.

• PancakeSwap's continued surpassing of Uniswap in trading volume milestones (such as $14 billion in 7 days in March 2025 or $3.02 billion in 24 hours in February 2025) shows the increasingly fierce competition among DEXs. This may push other platforms to improve their technology and reduce fees to maintain market share.

• The increase in users (81% since Q1 2023) and transaction volume (159% since Q1 2023) on PancakeSwap shows that DeFi is entering a period of maturity, with platforms increasingly focusing on user experience and mass accessibility.

Conclude

PancakeSwap’s 24-hour trading volume of $11.65 billion and 30-day trading volume of $149.07 billion is a testament to the robust growth of the DeFi ecosystem and PancakeSwap’s leadership. Factors such as low fees, user-friendly interface, the explosion of memecoins, and integration of new technologies have contributed to this success. However, to maintain its leadership, PancakeSwap needs to continue to innovate and address challenges in token pricing and industry competition.

PancakeSwap's growth not only benefits the platform's users and investors, but also contributes to the development of DeFi, bringing decentralized finance closer to global users. With ambitious plans for the future, PancakeSwap promises to continue to be one of the main drivers of the cryptocurrency market.

Once again we give our opinion on potential projects in the crypto market. This is not investment advice, consider your portfolio. Disclaimer: The views expressed in this article are solely those of the author and do not represent the platform in any way. This article is not intended to be a guide to making investment decisions.

Compiled and analyzed by HCCVenture

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