Pancakeswap, a platform for transacting digital assets on the Binance Smart Chain (BSC), has experienced a significant increase in trading volume. The platform's transaction activity reached a record high of $22 million this week, and its Total Value Locked (TVL) currently stands at $1.902 billion. Pancakeswap's monthly decentralized exchange (DEX) trading volume in December 2024 hit $462 billion, surpassing November's volume by 23.5%. Uniswap had the highest volume with $106.4 billion, followed by Pancakeswap with $96.4 billion. The success of Pancakeswap is attributed to the growth of decentralized apps on the BSC and the network's affordability and speed compared to Ethereum. The BSC's interoperability with the Ethereum Virtual Machine (EVM) and its ability to link with other protocols through bridge chains have contributed to its growth and adoption.



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