PancakeSwap leads Binance Smart Chain revival amid soaring revenue and bullish chart setup
2025-07-08 13:53:14
Main Idea
PancakeSwap dominates Binance Smart Chain with over 64% of protocol revenue, achieving record trading volumes and expanding to Solana with new features.
Key Points
1. PancakeSwap accounts for over 64% of all protocol revenue on Binance Smart Chain, with a 50-day moving average revenue reaching a high.
2. In June 2025, PancakeSwap reached $152 billion in monthly trading volume, the highest in its five-year history.
3. The platform launched v3 liquidity pools on Solana, supporting tokens like BONK and PYUSD, with liquidity providers earning up to 84% of trading fees.
4. Coinbase listed CAKE as an ERC-20 token in June, increasing its market exposure and credibility.
5. CAKE is trading at $2.27, with technical indicators showing a balanced market but leaning bullish due to rising protocol activity.
Description
PancakeSwap has strengthened its position as the top revenue generator on Binance Smart Chain. PancakeSwap ( CAKE ) now accounts for over 64% of all protocol revenue on Binance Smart Chain, according to a July 8 analysis by CryptoQuant contributor CryptoOnchain. The 50-day moving average for revenue has reached a new high, showing steady growth in usage and network activity. Daily revenue has been rising consistently. PancakeSwap continues to outpace other protocols on BSC in both fee generation...
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