CandleFocus “Just the Beginning,” Binance’s CZ Says, as PancakeSwap 7-Day Volume Crosses $21B Amid Booming Ecosystem
2025-02-13
Author: Content Editor
The Binance Coin (BNB) ecosystem, including the decentralized exchange PancakeSwap, is experiencing a surge in activity after a period of stagnation. The recent chain upgrades and bullish macroeconomic factors have revitalized the ecosystem and attracted more users. PancakeSwap has recorded the highest trading volume among decentralized exchanges in both daily and weekly timeframes. The cross-chain bridging protocol DeBridge has also noted a significant increase in asset transfers to the BNB Chain from other chains like Solana, Base, and Ethereum. PancakeSwap currently has a 24-hour trading volume of $3.028 billion, surpassing competitors like Uniswap and Raydium. BNB Chain's native token, BNB, has seen substantial gains and reclaimed fourth place from Solana in terms of market cap. BNB is currently trading at $705, up 11.8% and 22% in the past day and week, respectively. Former Binance CEO Changpeng Zhao believes that this is just the beginning and expects further traction for the network in the near future.
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