PancakeSwap, a decentralized exchange on the Binance Smart Chain, experienced its highest single-day trading volume since March 2021, reaching $1.27 billion on December 4th. This surge in trading volume was attributed to the launch of PancakeSwap SpringBoard, a token launch platform for BNB-powered meme coins. The platform's success has propelled PancakeSwap to the second spot on DeFi Llama's DEX leaderboard by trading volume. Meanwhile, Solana-powered token launch platform pump.fun saw a decrease in its daily trading volume. The launch of PancakeSwap Springboard also boosted the price of Binance Coin (BNB), leading it to become the fifth largest cryptocurrency by market cap. However, the market cap and price of BNB have since declined. Whether this trend will continue remains uncertain.



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