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PancakeSwap Brings Whopping DeFi Volumes to Binance Smart Chain
Binance's BNB token is up 13% and into the top five cryptocurrencies by market cap as DeFi on Binance Smart Chain grows in popularity.
Imitation is the sincerest form of flattery, right?
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Competing decentralized exchanges (DEXs) are trading blows in the world of open-source software as rivals to Ethereum-based Uniswap are catching up to the unicorn project in terms of volume and nominal liquidity.
Leading the charge is PancakeSwap. The automated market maker (AMM) clone of Uniswap on Binance’s own blockchain, Binance Smart Chain (BSC), has seen liquidity grow 1,003% for the year to date. Volumes have been a tad more impressive, up 2,800% from $37 million on Jan. 1 to $1.1 billion on Feb. 17, according to CoinGecko.
Its native CAKE token has shot up some 6,000% since its release last fall and is now trading hands at $12.77, per CoinGecko data.
BNB booster?
Binance’s native token, BNB, is also reaping rewards from the newfound attention on BSC. BNB broke into crypto’s top five coins by market capitalization at $191 per token Thursday after gaining 13% in 24 hours, according to Messari. The token is needed to process transactions on BSC, similarly to ether on Ethereum.
Ostensibly, value moving over to BSC reflects demand for decentralized finance (DeFi) products on the cheap. The cost to process a simple Uniswap transfer has skyrocketed well into the double digits in line with ETH’s bull run. Even a simple transfer from one wallet to another will set you back nearly $10. Gas fees are likely a major factor in traders moving to other chains with cloned DeFi offerings.
Read more: Binance CEO Says He Fully Expects DeFi to Cannibalize His Crypto Exchange
Not to be left out is original Uniswap knockoff SushiSwap, which has enjoyed increased volume and liquidity figures during the DeFi market’s second act. CoinGecko lists the DEX as the third-largest AMM after Uniswap and PancakeSwap, respectively.
SushiSwap – a clone of Uniswap launched in August 2020 through a novel financial incentive program called “vampire mining” – has liquidity roughly 25% lower than that of Uniswap, although overall trade volume remains around 65% lower at $358 million.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Bilinmesi gerekenler:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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