PancakeSwap’s CAKE Token Surges 15% as DEX Hits $1.64 Billion Trading Volume

PancakeSwap’s native token, CAKE, surged 15% on March 17, 2025, as the decentralized exchange (DEX) overtook competitors to record the highest daily trading volume among DEXs at $1.639 billion, according to data from DeFiLlama.

This milestone surpassed Uniswap’s $1.021 billion and Raydium’s $334.98 million, positioning PancakeSwap as the most active DEX globally.

The surge in trading volume appears linked to renewed interest in memecoins, particularly BNB Chain-based MUBARAK, indirectly promoted by Binance founder Changpeng Zhao on social media, with on-chain data showing a crypto address tied to Zhao purchasing 1 Binance Coin of MUBARAK. As a result, MUBARAK soared over 270% in the past seven days, becoming the third most traded asset on PancakeSwap V3, behind only Tether and Wrapped BNB, amid Bitcoin’s recent volatility below $80,000 and broader market uncertainties like U.S. tariffs. Stay informed on DeFi trading trends with Crypto Market Insights on news.thecoininfo.com, and explore in-depth analysis on The Coin Info Hub at thecoininfo.com.

This growth follows PancakeSwap’s strong performance earlier in February 2025, when its total volume jumped over 60% to $28.23 billion—its best since November 2021—and its historical trading volume surpassed $1 trillion, as reported by crypto.news.

The platform’s DEX volume has also driven higher fees, with total fees this year reaching $64 million, contributing to a 365-day total of $274 million, making PancakeSwap one of the most profitable players in decentralized finance (DeFi). For crypto investors, CAKE’s surge signals opportunity in the memecoin and DeFi sectors, but its sustainability depends on market demand, regulatory clarity, and competition, especially as memecoin hype wanes. Resources like Crypto News Updates on news.thecoininfo.com can keep you updated on this dynamic rise in PancakeSwap’s prominence.

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