PancakeSwap V2 appears to have become the leading dApp on BNB Chain, after registering a weekly volume of $6.1 billion.
PancakeSwap V2: Leader of dApps on BNB Chain with weekly volume of $6.1 billion
According to what was reported five days ago, a Phoenix analysis measured the weekly volume of dApps BNB chainand notes that the leader is PancakeSwap V2.
In fact it seems that Version 2 of the DEX has recorded $6.1 billion in volume over seven days.
Even version 3 of PancakeSwap doesn’t seem to be any worse. In reality, PancakeSwap V3 recorded $2.63 billion in weekly tradingplacing itself second in the dApps rankings on BNB Chain.
The stage ends with Jumper exchangeimmediately weekly volume of $482.46 million.
Among the other dApps on BNB Chain with large volumes are also there Venus Protocol, with a weekly trading volume of $459.26 million, 0x with $169.26 million, and 1 inch with $103.51 million.
PancakeSwap leader on BNB Chain: DEX’s volumes on DefiLama
If we look instead at the volumes reported on DefiLama, PancakeSwap remains the DEX leader of the BNB chain with a total value of $1.58 billion.
At the time of writing, this is what the rankings look like Uniswap and DODO with $29.79 million and $10.64 million in TVL, respectively.
Yet the weekly volumes are different. While the leader stays PancakeSwap with $4.25 billion in weekly volumes has surpassed DODO Uniswap. In fact, the liquidity protocol recorded $312.94 million against Uniswap’s $259.6 million.
Although these figures are reported, the situation is not as rosy as it seems. In general, in fact, weekly trading volumes of the three major DEX on BNB Chain are declining.
PancakeSwap is in a weekly volume dump of -25.28%, Uniswap of -22.35% and DODO of -15.44%.
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The price of BNB
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The price of BNB appears to be following a general decline in the crypto market. In fact, at the time of writing it was BNB is worth $565, in a -3% dump in the last 24 hours.
However, this decline offsets BNB’s bullishness over the past seven days, when it reached $583 yesterday.
The fourth-largest cryptocurrency by market capitalization has fluctuated around its current price since March 2024, starting at low of $260 in January and managed to reach $700 in June.
Credit : cryptonews.net
