Odaily Planet Daily reported that PancakeSwap stated in a summary report 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, representing a year-on-year increase of 179%. PancakeSwap's total trading volume in 2023 was $111.3 billion. According to PancakeSwap, the significant growth in its trading volume over the past 12 months was primarily driven by Layer 2 networks Arbitrum and Base. Meanwhile, PancakeSwap set a record for single-day trading volume of $3.47 billion on December 16, 2024. Additionally, its Total Value Locked (TVL) rose to $2.17 billion this year, with the total number of independent traders exceeding 14.3 million. Overall, PancakeSwap destroyed 455.5 million CAKE in 2024, with a net destruction of 5.3 million CAKE, permanently destroying 1.37% of the total supply of CAKE.