Decentralized Exchange PancakeSwap Breaks Trading Volume Record in July! Here Are the Details

PancakeSwap solidified its leadership by maintaining its position as the largest decentralized exchange (DEX) in terms of spot trading volume in July. PancakeSwap Retained Its Lead as the Largest Decentralized Exchange by Spot Trading Volume in July PancakeSwap reached $188 billion in trading volume in July, more than doubling Uniswap’s $94 billion. This resulted in the platform accounting for approximately 43% of total DEX volume. In June, PancakeSwap reached the highest spot volume among all decentralized exchanges with a trading volume of $151 billion, again dominating 43% of the market. This surge is driven by PancakeSwap's integration with Binance Alpha, the launch of PancakeSwap Infinity with low gas fees, and cross-chain trading capabilities across chains like BNB Chain, Ethereum, Arbitrum, and Solana. These factors have helped the platform attract more users compared to centralized exchanges (CEX). While the ratio of DEXs’ spot trading volume to central exchanges broke a record at 27.9% in June, this ratio dropped to 23.3% in July. While Uniswap remains a significant competitor, it lags significantly behind PancakeSwap in terms of 30-day trading volume. Other decentralized exchanges like Raydium and Aerodrome haven't even come close to matching PancakeSwap's trading volume. PancakeSwap also became the top fee-generating DEX for its automated market making and yield farming services, collecting over $430 million in trading fees. *This is not investment advice. Continue Reading: Decentralized Exchange PancakeSwap Breaks Trading Volume Record in July! Here Are the Details