PancakeSwap Trading Volume Soars to $12 Billion, Surpassing Uniswap on BSC DEXs

According to recent data from Dune Analytics, the daily trading volume on Binance Smart Chain (BSC) decentralized exchanges (DEXs) experienced a significant increase, rising from $1.9 billion on May 6 to an impressive $13.5 billion by May 26. This remarkable growth was predominantly driven by PancakeSwap, which accounted for $12 billion of the total volume. As a result, PancakeSwap’s market share expanded to 33% of the aggregate trading volume across all on-chain DEX platforms, surpassing Uniswap for the first time. This shift highlights the growing prominence of BSC-based DEXs in the decentralized finance (DeFi) ecosystem and underscores PancakeSwap’s strengthening position as a leading liquidity provider in the crypto trading landscape.