PancakeSwap has achieved a dominant position in the decentralized exchange (DEX) landscape, recording a daily trading volume of $12 billion and securing 33% of the total on-chain DEX market share. This milestone marks the first time PancakeSwap has overtaken Uniswap in market dominance, highlighting its expanding influence within the Binance Smart Chain (BSC) decentralized finance ecosystem.
The surge represents a dramatic increase from earlier levels, with BSC-based DEX volumes climbing from $1.9 billion to $13.5 billion during a recent three-week period. PancakeSwap accounted for $12 billion of this total, underscoring its role as the primary liquidity provider on the network.
This growth solidifies PancakeSwap’s status as a leading platform in cryptocurrency trading and reflects the rising prominence of BSC-based decentralized exchanges across the broader DeFi sector. The platform’s expanding market share signals shifting trader preferences toward its ecosystem.