PANCACESWAP, Multichain decentralized exchange (DEX), reported a record level of turnover $ 325 billion for June, the highest monthly volume of trading in the five -year history of the platform.
In June, the total total in June in the amount of $ 174 billion and increased the PANCACESWAP volume in the second quarter to $ 530 billion, above the doubles of $ 211 billion registered in the first quarter, according to Dune Analytics data.
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An raise in activity occurs after a number of recent updates, including the April implementation of Pancakswap Infinity, which introduced several functions designed to improve the impressions of users and trade performance.
The update introduced lower gas fees, configurable liquidity pools using “hooks” and supporting advanced liquidity suppliers through the types of clamm and LBAMM pools.
Chef Kids, head of Pancakswap, told CointeLgraph that Pancakswap Infinity offers key advantages for both programmers and liquidity suppliers. For programmers, the platform enables the integration of up-to-date types of pool and non -standard hooks without re -implementing bright contracts or starting up-to-date versions, which “drastically reduces general costs and accelerates innovation,” she said.
She added that in the case of liquidity suppliers, the features “allow more precise allocation of capital”, helping to meet such challenges as the inefficiency of capital and unstable losses.
Transitional trade functions were also added on June 11, enabling users to trade assets in the BNB, Ethereum and Arbitrum without the need for bridges or switching applications.
“We also develop new tools to simplify the implementation and increase usability,” said chef Cointelegraph. She also cited on July 1 the V3 liquidity pool to Solanie as the main step in the extension of the platform’s range.
By dominating the BNB chain, Pancakswap closes to Ethereum
PANCACESWAP has recently noted a rapid raise in the volume of rotation. According to Defillam, its 30-day volume has increased $ 153 billionThe first ranking among all DEX, while Tom Uniswap was in the same period $ 83.4 billion.
However, this growth is still largely focused on a single chain. PANCACESWAP currently serves only nine chains, much less than 37 UNISWAP 37. In Q2, stunning 96.7% of the total trading of Pancakswap came from the BNB chain, where the volume reached $ 513 billion. The market share in the BNB chain in June was 96.8%.
On the other hand, the presence of Pancakswap in Ethereum remains narrow, with a market share in only 0.3% in June, especially modest compared to 77.2% UNISWAP.
Despite this, Dune Data shows that Pancakswap has recorded a total volume of $ 29 billion based on $ 25 billion at arbitrarum and $ 21 billion at Ethereum, which signals constant progress in its multychal expansion strategy.
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