PancakeSwap, a decentralized exchange on the Binance Smart Chain, saw a surge in its token price and trading volume last week. The PancakeSwap (CAKE) token rose nearly 50% and reached a market cap of over $767 million. The platform's total volume handled in the last seven days increased by 64% to $28.23 billion, surpassing $1 trillion in historical volume. PancakeSwap's volume outpaced other top players in the DEX industry like Uniswap and Raydium. Additionally, other decentralized apps on the Binance Smart Chain ecosystem also experienced strong growth. The increased volume has translated to higher fees for PancakeSwap, making it one of the most profitable players in the DeFi industry. The rise in CAKE's price suggests a bullish trend, with a target of $3.4185 in the short term and potential further upside.



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