PancakeSwap overtakes Uniswap as leading DEX with $14b weekly volume
**PancakeSwap Becomes Top DEX with $14B Weekly Trading Volume**
PancakeSwap has overtaken Uniswap to become the leading decentralized exchange (DEX) globally, recording over $14 billion in weekly trading volume. The BNB Chain-based DEX now dominates 29.18% of all DEX trading activity, benefiting from lower fees, faster transactions, and rising interest in meme coins. Meanwhile, Uniswap and other competitors saw significant declines.
### **PancakeSwap Surpasses Uniswap in Weekly Trading Volume**
PancakeSwap has emerged as the top decentralized exchange (DEX) by trading volume, surpassing Ethereum-based Uniswap. According to CoinMarketCap, the BNB Chain-powered platform recorded an impressive **$14.168 billion** in weekly trading activity, marking a **58.04% increase** compared to the previous week.
In contrast, Uniswap experienced a **50.56% drop** in volume, falling to **$8.611 billion**, despite maintaining a **higher total value locked (TVL) of $3.93 billion** compared to PancakeSwap’s **$1.67 billion** TVL.
### **Declining Trading Activity on Competing DEXs**
While PancakeSwap saw a surge in usage, other decentralized exchanges experienced notable declines:
- **Raydium (Solana-based)**: **24.75% drop** in weekly activity
- **Meteora**: **33.03% decrease**
- **Fluid**: **52.76% decline**
### **Why PancakeSwap is Dominating the Market**
PancakeSwap’s recent success can be attributed to several factors:
✅ **Lower Fees** – BNB Chain offers significantly lower transaction costs than Ethereum.
✅ **Faster Transactions** – The blockchain’s improved efficiency attracts active traders.
✅ **User-Friendly Interface** – The platform provides easy navigation for both beginners and experienced users.
✅ **Meme Coin Popularity** – A surge in **BNB Chain-based meme coins** has driven higher trading volumes.
### **Trending Tokens on PancakeSwap**
Several tokens have witnessed massive gains on PancakeSwap:
📈 **BNB Card**: **+298% in 24 hours**
📈 **Mubarakah**: **+197%**
📈 **CUZ**: **+110%**
📈 **SIREN**: **+15.67%**
However, some assets struggled:
📉 **BUBB**: **-24.99%**
📉 **Tell A Tale**: **-19.56%**
### **CAKE Token Performance**
PancakeSwap’s native token, **CAKE**, has also benefited from the surge in activity:
✔ **+40.6%** in the past week
✔ **+56.2%** over two weeks
✔ **+3.1%** in the past 30 days
✔ **-0.5%** slight dip in daily price action
### **PancakeSwap’s Expanding Ecosystem**
Beyond traditional swaps, PancakeSwap has expanded into various DeFi sectors, including:
🔹 **Perpetual trading**
🔹 **Prediction markets**
🔹 **NFT marketplaces**
🔹 **Lottery systems**
These expansions have helped attract both **retail and institutional investors**, solidifying PancakeSwap’s dominance in the DEX market.
As competitors struggle, PancakeSwap continues to rise, proving that **low fees, fast transactions, and DeFi innovation** are key drivers of success in the decentralized finance ecosystem.