PancakeSwap Surpasses Uniswap in DEX Trading Volume

According to BlockBeats, data from Dune indicates a significant increase in trading volume on Binance Smart Chain (BSC) decentralized exchanges (DEXs). The volume rose from $1.9 billion daily on May 6 to $13.5 billion by May 26. PancakeSwap played a major role in this surge, contributing $12 billion to the total. This growth has led PancakeSwap to account for 33% of the total DEX trading volume across all chains, marking the first time it has surpassed Uniswap in this metric.