Per data aggregated from coinmarketcap.com and defillama.com, the decentralized exchange ( DEX) platform Pancakeswap has eclipsed Uniswap in seven-day trading volume this week.
DEX Platform Pancakeswap Dethrones Uniswap in Weekly Volume Race
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DEX Volume Wars
Analytics unveiled via a Sunday post on X by coinmarketcap.com’s social media account reveal that the DEX Pancakeswap secured the top position in this week’s trading volume figures. “With over $14 billion in weekly trading volume and a 58.04% increase, Pancakeswap has overtaken Uniswap as the leading decentralized exchange,” the account noted.
Pancakeswap originated on the Binance Smart Chain (BSC), debuting in September 2020 as its foundational platform. Since its inception, the protocol has broadened its ecosystem to integrate Ethereum, Polygon, ZKsync Era, Linea, Base, Arbitrum One, and Aptos. However, the BSC continues to serve as its principal network, maintaining predominant adoption across its user base.
Analytics aggregated by defillama.com corroborates this trend, with Pancakeswap maintaining dominance. The DEX registered a 60.72% growth this week, whereas Uniswap experienced a 43.93% decline. Over the past 24 hours, Pancakeswap achieved $1.41 billion in transaction volume, outpacing Uniswap’s $674.38 million. Seven-day data from defillama.com further highlights Pancakeswap’s $14.894 billion in volume, contrasting with Uniswap’s $8.291 billion.
Pancakeswap outperformed Uniswap in February by generating $81.95 billion in volume, eclipsing Uniswap’s $78.37 billion. However, Uniswap retains an edge in March, amassing $45.86 billion compared to Pancakeswap’s $35.91 billion, a significant portion of which accrued within the latest seven-day window. The latest shifting dynamics between Pancakeswap and Uniswap highlight the fluid nature of decentralized finance ( DeFi).
