Single-day trading volume of PancakeSwap went past $1.27 billion on December 4.
PancakeSwap DEX recorded 9-month high trading volume after launching the SpringBoard feature.
One of the largest decentralized exchanges on the BNB Chain, PancakeSwap handled more than $1.27 billion single day trading volume yesterday. Analysts are predicting the growth in trading volume is a result of PancakeSwap announcing no-code token creation platform SpringBoard launch.
Apart from the announcement, the ongoing hype around Bitcoin reaching $100K and overall bullish market sentiment could further boost trading volumes on decentralized and centralized exchanges alike.
PancakeSwap TVL and Trading Volume (Source: PancakeSwap)
As per the analytics from the official PancakeSwap website, the single-day trading volume hit $1.27 billion on Dec 04, a few hours after the announcement of PancakeSwap SpringBoard launch, while the total value locked (TVL) stood at $384.72 million. This is a 9-m
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