PancakeSwap achieved unprecedented trading volumes in May, surpassing 173.5 billion USD. This surge is supported by a robust user base exceeding 3.1 million, indicating increased trading activity and growing interest in new tokens within the BNB Smart Chain ecosystem.
While trading activity is booming, the CAKE token’s price remains below its all-time high. Recently, it has recovered to 2.49 USD, with expectations of further growth linked to its listing on Coinbase, which may enhance its market presence.
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