- Pancakeswap leads the DEX market with $ 3.02 billion in 24-hour trade volume, expansion of multi-chain support and security functions.
- New innovations such as Springboard and ORBS ‘Layer 3 improve the Pancakeswap ecosystem, making it more accessible and efficient for Defi users.
The Pancake Wap platform has the trade volume in the last 24 hours larger than $ 3.02 billion, making it the most active decentralized exchange (DEX). Pancakeswap is currently clearly leading the Defi market with an indisputable expansion above its rivals. Still, what does this explosion actually feed?
The multi-chain growth of Pancakeswap offers new opportunities
This volume rise is not only the outcome of market momentum. Pancakeswap has broadened its audience by taking up new functions that improve the user experience even more.
Among these are Mev Guard, a security instrument that nowadays supports more portfolios in the BND chain, including Binance Wallet, Trust Wallet and OKX wallet. Users of this function can feel more protected against bone attacks that are capable of blockchain network price manipulation.
Pancake wap gradually turns out to be a multiple chain platform. As before reportedThey extended the DLIMIT and DTWAP possibilities to the arbitrum, linea and basic networks. This allows users to wear more flexible transactions in different block chains without being dependent on one ecosystem.
In addition, Pancakeswap is also improved by the Layer 3 -infrastructure of ORBS, allowing its users to perform algorithmic trade techniques and maximize liquidity on many Defi -platforms. This function is definitely a very useful addition for traders who like to use automation.
Lower barriers for blockchain innovation with springboard
Pancake wap is not only buying and selling a crypto assets. They launched SpringboardA tool with which everyone can design and release their own tokens on December 4, 2024 – without writing a single line code.
This is the same as opening the door for anyone who wanted to enter the blockchain room without knowing a programming. This creativity makes it understandable that pancake wap sees an increasing number of new projects.
Pancakes WAP calls, however, not just for technical inventiveness. A large part also depends on the confidence of the community. Depending on the needs of the often shifting Defi Ecosystem, users of this platform consider it a stable, safe and always changing location.
Cake breaks resistance: a bullish signal?
Technically, the native token of pancakeswap, CAKEHas also begun to display remarkable movements. The popular crypto analyst Crypto Bull-360 noted that cake had just passed the trend line and the nearest area of resistance. This is sometimes seen in the trade environment as a bullish indication that can cause opportunities for more profit.
Source: Cryptobull_360 on X
Does this imply that the cake will rise sharply? Of course we have to revise the current technical confirmation, because the crypto space is always surprising. For traders, this type of sign is now worth considering.
Meanwhile, at the time of printing, cake is going to be approximately exchanged $ 2.15upwards 15.81% in the last 24 hours and 39.29% In the past 7 days.
