PANews December 25 news, according to Cointelegraph, the total trading volume of the decentralized exchange (DEX) PancakeSwap reached $310 billion in 2024, a year-on-year increase of nearly 179% compared to $111 billion in 2023. PancakeSwap reports that this is mainly attributed to the L2 networks Arbitrum and Base, with cryptocurrency trading volume on Arbitrum increasing year-on-year by 3,656% to $13.2 billion, while cryptocurrency trading volume on Base increased year-on-year by 3,539%, reaching $11.6 billion in 2024. In addition, PancakeSwap's trading volume increased by 179% year-on-year, reflecting positive market sentiment and increased activity in the DeFi and DEX sectors.
