PancakeSwap overtakes Uniswap on Base to become second-largest DEX by volume

Key Takeaways

  • PancakeSwap reached $293 million in 24-hour volume and $1.17 billion over 7 days on Base, surpassing Uniswap’s $203 million and $949 million, respectively.
  • PancakeSwap now ranks second on Base by trading volume, behind Aerodrome, which leads with $457 million in daily volume and $2.2 billion weekly.

PancakeSwap, the multi-chain decentralized exchange (DEX), has become the second-largest DEX on Base by trading volume, overtaking Uniswap over the past 24 hours and seven days, according to DefiLlama data.

In the past 24 hours, PancakeSwap recorded $293 million in trading volume on Base, compared to Uniswap’s $203 million. Over the past 7 days, PancakeSwap reached $1.17 billion in volume, ahead of Uniswap’s $949 million.

The DEX now ranks second on the chain, trailing only Aerodrome, which posted $457 million in 24-hour volume and $2.2 billion over the past week.

Base, the Ethereum Layer 2 network incubated by Coinbase, continues to climb the DeFi leaderboard and now ranks fifth among blockchains by total value locked (TVL), with over $4.8 billion, behind Ethereum, Solana, Bitcoin, and BNB Chain.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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