PancakeSwap V2 seems to have become the leading dApp on BNB Chain, after recording a weekly volume of 6.1 billion dollars.
Summary
- PancakeSwap V2: leader of dApps on BNB Chain with 6.1 billion dollars of weekly volume
- PancakeSwap leader on BNB Chain: the volumes of DEX on DefiLama
- The price of BNB
PancakeSwap V2: leader of dApps on BNB Chain with 6.1 billion dollars of weekly volume
According to what was reported five days ago, an analysis by Phoenix measured the weekly volume of dApps on BNB Chain, noting that the leader is PancakeSwap V2.
In fact, it seems that Version 2 of the DEX has recorded 6.1 billion dollars in volume over seven days.
Even Version 3 of PancakeSwap seems to be no less. In fact, PancakeSwap V3 recorded 2.63 billion dollars in weekly trading, placing itself in second place in the ranking of dApps on BNB Chain.
The podium concludes with Jumper Exchange, with a weekly volume of 482.46 million dollars.
Among the other dApps on BNB Chain with large volumes, there are also Venus Protocol, with 459.26 million dollars in weekly trading volume, 0x with $169.26 million, and 1inch with $103.51 million.
PancakeSwap leader on BNB Chain: the volumes of DEX on DefiLama
Looking instead at the volumes reported on DefiLama, PancakeSwap remains the DEX leader of the BNB Chain with a Total Value Locked of 1.58 billion dollars.
At the time of writing, the ranking then sees Uniswap and DODO with respectively 29.79 million dollars and 10.64 million dollars of TVL.
Yet the weekly volumes are different. While the leader remains PancakeSwap with 4.25 billion dollars of weekly volumes, DODO has surpassed Uniswap. In fact, the liquidity protocol recorded 312.94 million dollars against 259.6 million dollars of Uniswap.
While these numbers are reported, the situation is not as rosy as it seems. In general, in fact, the weekly trading volumes of the three most important DEX on BNB Chain are declining.
PancakeSwap is in a weekly volume dump of -25.28%, Uniswap of -22.35%, and DODO of -15.44%.
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The price of BNB
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The price of BNB seems to follow a general decline in the crypto market. In fact, at the time of writing, BNB is worth $565, in a dump of -3% in the last 24 hours.
However, this drop offsets the bullish of BNB in the last seven days, when it reached 583$ yesterday.
The fourth crypto by market capitalization has been fluctuating around the current price since last March 2024, starting from a low of $260 in January and managing to reach $700 last June.