PancakeSwap, a distinguished participant among the many DEXs, has introduced a landmark achievement in 2024. Based on PancakeSwap, it has witnessed a staggering 179% year-on-year enhance with a buying and selling quantity of $310.6B throughout 9 blockchains all through 2024.
This groundbreaking achievement highlights its high place as a multi-chain DeFi potential. A number of layer-2 chains like Arbitrum and Base led this milestone. The event displays PancakeSwap’s persistent multichain dominance and development.
PancakeSwap Hits $310B in Trading Quantity with a 179% YoY Development
The favored decentralized change disclosed that reaching $310.6B in buying and selling volumes with a 178.97% year-on-year surge over 2024 is a exceptional success. It added that this reveals its rising accessibility and innovation. The overall worth locked thereof touched $2.17B whereas the platform noticed participation from greater than 14.38M distinctive merchants.
The gorgeous development denotes PancakeSwap’s environment friendly scaling operations throughout as much as 9 blockchain networks. They take into consideration BNB Chain, Base, Arbitrum, zkSync, Linea, Ethereum, Aptos, opBNB, and Polygon zkEVM.
PancakeSwap leverages the excessive throughput and low charges of the L2 chains like Base, Arbitrum, and opBNB to draw quite a few customers. On this respect, the platform offered them with an accessible and seamless DeFi expertise.
The record-breaking development of the platform mirrors the unparalleled means thereof to scale and customise throughout totally different blockchain ecosystems. On account of this, PancakeSwap enjoys the standing of a go-to DEX facilitating the customers across the globe.
Upgrades Like PancakeSwapX and Spring Board Meet Consumer Wants
The important thing contributors to the unparalleled success of PancakeSwap throughout 2024 included the launch of initiatives addressing actual consumer necessities. The respective improvements and upgrades coping with swaps, bridging, and farming endeavored to extend the accessibility and effectivity. Furthermore, the platform has skilled substantial enchantment together with reputational development, attracting a number of new customers.
The noteworthy upgrades of PancakeSwap embrace PancakeSwapX with zero-fee and gasless swaps on Arbitrum and Ethereum. One other improve was the zero-fee SpringBoard token launchpad for the BNB Chain.
 Moreover, the platform additionally supplied AI-driven prediction markets on Arbitrum together with Telegram bots to streamline Telegram-based predictions and token swaps. Along with this, the Pancakeswap Bridge facilitated cross-chain transactions throughout eight chains. Aside from that, it additionally permits multi-chain assist on opBNB, Polygon zkEVM, Base, Linea, and extra with Gauges Voting and veCAKE upgrades.
Technological Success of 2024 Fuels the Momentum for 2025
Based on PancakeSwap, its technological enterprise has been fairly fruitful throughout 2024 with these developments. Together with that, it burned as much as 455.5M $CAKE tokens to spice up long-term stability. Moreover, the platform now has 1.79M $CAKE holders worldwide.
These Milestones make sure that PancakeSwap stays a dominant participant within the sector. This additionally raises its morale for a brand new zealous journey by way of 2025 to form a viable multi-chain future.
