CoinVoice has recently learned that PancakeSwap reported in a summary of DEX platform year-on-year performance that its global trading volume reached $310.6 billion in 2024.
The protocol achieved this milestone across nine blockchains, with a year-on-year growth of 179%. PancakeSwap's total trading volume in 2023 was $111.3 billion. According to PancakeSwap, the substantial growth in its 12-month trading volume was primarily driven by L2 networks Arbitrum and Base.
Meanwhile, PancakeSwap set a record for the highest single-day trading volume of $3.47 billion on December 16, 2024.
Finally, PancakeSwap destroyed 455.5 million CAKE tokens in 2024, with a net destruction of 5.3 million CAKE tokens, permanently destroying 1.37% of the total CAKE supply. [Original link]
