PancakeSwap (CAKE) surpasses Ethereum (ETH) in daily transaction volume

By May 2, 2021Ethereum
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PancakeSwap (CAKE) has overtaken Ethereum (ETH) after breaking the 1.7 million 24-hour transaction mark.

According to the data presented by PancakeSwap, the DEX has reached a new milestone in terms of daily transaction count, registering more than 1,700,000 transactions in the last 24 hours.

At the same time, PancakeSwap has also experienced a trading volume of more than 1.7 billion dollars in the same time period, while Ethereum registered 1,427 million dollars.

PancakeSwap ” src=”” data-src=”https://s.yimg.com/ny/api/res/1.2/KKl9kNDTEZz5FN3AoFw9MA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM2MS44NzU-/https://s.yimg.com/uu/api/res/1.2/B5GX_JMueLmGunocIPmjjQ–~B/aD0zODY7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/beincrypto_es_147/f0e733fcecccf4a577c8663dbbbd0b14″/> PancakeSwap ” src=”https://s.yimg.com/ny/api/res/1.2/KKl9kNDTEZz5FN3AoFw9MA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM2MS44NzU-/https://s.yimg.com/uu/api/res/1.2/B5GX_JMueLmGunocIPmjjQ–~B/aD0zODY7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/beincrypto_es_147/f0e733fcecccf4a577c8663dbbbd0b14″ class=”caas-img”/>

Changpeng Zhao reacts

In the wake of the news, PancakeSwap based on Binance Smart Chain has been the subject of praise. Binance CEO Changpeng Zhao showed his satisfaction and support for the project via Twitter.

Twitter ” src=”” data-src=”https://s.yimg.com/ny/api/res/1.2/etBzbHoQ3IJF5AWjZyN.JA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTgzOC4zMDk4NTkxNTQ5Mjk1/https://s.yimg.com/uu/api/res/1.2/rDuaomh0pXbWjs.lqyhrhQ–~B/aD00OTY7dz01Njg7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/beincrypto_es_147/cd7f438db5b07491aa8f55a1616dcda8″/> Twitter ” src=”https://s.yimg.com/ny/api/res/1.2/etBzbHoQ3IJF5AWjZyN.JA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTgzOC4zMDk4NTkxNTQ5Mjk1/https://s.yimg.com/uu/api/res/1.2/rDuaomh0pXbWjs.lqyhrhQ–~B/aD00OTY7dz01Njg7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/beincrypto_es_147/cd7f438db5b07491aa8f55a1616dcda8″ class=”caas-img”/>

CZ had previously explained on Twitter that Ethereum was becoming too expensive for regular users. It is for this reason that, in his opinion, Binance Smart Chain has become the home of normal people “just like you and me”.

CAKE price update

The decentralized exchange PancakeSwap was launched on Binance Smart Chain last September 2020.

At the time, its native token CAKE was trading at roughly $ 0.50. At press time, CAKE is at $ 40.74 according to CoinMarketCap.

ConMarketCap ” src=”” data-src=”https://s.yimg.com/ny/api/res/1.2/c9dD8FuUGggelJ1gyCZX3g–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0NC40NDY4MzEzNjQxMjQ2/https://s.yimg.com/uu/api/res/1.2/HFOO_L888rTRI5O668Winw–~B/aD01Mjg7dz05MzE7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/beincrypto_es_147/621f13dcc89db9359c176368dc8897e8″/> ConMarketCap ” src=”https://s.yimg.com/ny/api/res/1.2/c9dD8FuUGggelJ1gyCZX3g–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0NC40NDY4MzEzNjQxMjQ2/https://s.yimg.com/uu/api/res/1.2/HFOO_L888rTRI5O668Winw–~B/aD01Mjg7dz05MzE7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/beincrypto_es_147/621f13dcc89db9359c176368dc8897e8″ class=”caas-img”/>

Recently BeInCrypto reported that the leading AMM on the Binance Smart Chain had announced a new functionality that It will allow its users to be able to obtain benefits if they manage to correctly predict the price of BNB / USDT, 3% will go to the burning of CAKE and to the project’s treasury.

The post PancakeSwap (CAKE) surpasses Ethereum (ETH) in daily transaction volume was first seen on BeInCrypto.

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