PancakeSwap had a record year for cryptocurrency trading volume in 2024. The decentralized exchange recorded a total trading volume of $310 billion, up 179% from $111 billion in 2023. This growth was primarily attributed to the expansion of layer-2 networks like Arbitrum and Base. Arbitrum saw a 3,656% YoY increase to $13.2 billion, while Base saw a 3,539% increase to $11.6 billion. The growing investor interest in the DeFi and DEX sectors also contributed to this success. Do you think decentralized exchanges will grow even more in the future? Share your thoughts in the comments.