PancakeSwap achieved a trading volume of 171.6 billion USD, contributing significantly to the overall DEX surge of 410.2 billion USD. With a price increase of 3.13% in 24 hours and 42.28% over 90 days, PancakeSwap’s strong market position reflects rising investor confidence in decentralized trading.
The impressive growth of DEX trading volumes indicates a preference for decentralized finance options among traders. This evolution, currently comprising 25% of global trading, could prompt regulatory bodies to reconsider frameworks for managing decentralized exchanges.
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