BNB

PancakeSwap Leads with Daily Active Users - DAU

by BSC News

January 12, 2023

The leading BNB Chain DEX has hit some interesting milestones following the recent multichain expansion.

PancakeSwap Cementing its Dominance

According to data from Token Terminal, a platform that aggregates financial data on the leading blockchains and decentralized applications (dapps), PancakeSwap is currently topping the charts for Daily Active Users - DAU.

Token Terminal announced the addition of data for PancakeSwap's daily active users in a tweet on January 11.

🚨 @PancakeSwap DAU data added! pic.twitter.com/q2VTxEaEiD
— Token Terminal (@tokenterminal) January 11, 2023

The achievement reinforces the dominance of the leading Decentralized Exchange (DEX) on BNB Chain after recently achieving over 50% dominance of the Total Value Locked (TVL) on the Aptos blockchain. PancakeSwap has also been live on Ethereum since September 2022, having earlier announced its plans for a potential multichain expansion.

What is PancakeSwap:

PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.

In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BNB Chain.

Where to find PancakeSwap:

Website | Twitter | Medium | GitHub