- PancakeSwap V3’s volume on zkEVM, Arbitrum, and the BNB Chain rose.
- CAKE was down by more than 6% over the last seven days.
PancakeSwap [CAKE] has been witnessing a massive rise in popularity, especially on the BNB Chain [BNB]. However, AMBCrypto’s analysis found out that the DEX’s v2 had witnessed a concerning decline in its key metrics.
This was evident from Dune’s data, which revealed that PancakeSwap v2’s monthly users have been declining for multiple months now. A similar declining trend was also noted in terms of its monthly transaction distribution.
Source: Dune Analytics
PancakeSwap is pumping on BNB
Despite the declining V2 stats, CAKE V3’s performance on BNB was commendable. As per the official website, PancakeSwap V3’s daily volume gained upward momentum at the time of writing.
Its TVL on BNB also remained pretty stable for quite a few weeks now.
Go to Source to See Full Article
Author: Dipayan Mitra
Did you like this?
Tip BTC Newswire with Cryptocurrency
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some bitcoin:
Donate Bitcoin Cash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send bitcoin:
Donate Ethereum to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Ether:
Donate Litecoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Litecoin:
Donate Monero to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Monero:
Donate ZCash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some ZCash:
