PancakeSwap, a prominent decentralized exchange (DEX), has announced a significant achievement in 2024. The platform witnessed a 179% year-on-year increase, with a trading volume of $310.6 billion across nine blockchains. This milestone highlights PancakeSwap's position as a multi-chain DeFi leader. Layer-2 chains like Arbitrum and Base played a significant role in this growth. The platform's efficient scaling operations across multiple blockchain networks, low fees, and high throughput of L2 chains attract a large number of users. PancakeSwap's success can be attributed to the launch of projects addressing user requirements, such as zero-fee swaps, token launchpad, and AI-driven prediction markets. The platform burned over 455.5 million $CAKE tokens for long-term stability and now has 1.79 million $CAKE holders worldwide. These milestones solidify PancakeSwap's dominance in the sector and motivate them for the journey ahead in shaping a multi-chain future in 2025.



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