In 2024, PancakeSwap’s trading volume reached 310 billion USD, up from 111 billion USD in 2023, showing a remarkable growth spurred by decentralized finance and layer-2 solutions.
Improvements like PancakeSwapX and a Telegram Swap bot contributed to the increase, aiding PancakeSwap to secure its position as the second-largest decentralized exchange, with daily volumes at 2.23 billion USD.
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