PancakeSwap V2 has emerged as the top dApp on BNB Chain, with a staggering weekly volume of 6.1 billion dollars.
PancakeSwap V2: leading dApp on BNB Chain with 6.1 billion dollars weekly volume
As reported recently, Phoenix’s analysis revealed that PancakeSwap V2 is dominating the dApp space on BNB Chain, with a weekly volume of 6.1 billion dollars.
The Version 3 of PancakeSwap is also holding its own, recording a weekly trading volume of 2.63 billion dollars and securing the second spot on the BNB Chain dApp ranking.
Jumper Exchange rounds up the top three with a weekly volume of 482.46 million dollars.
Other notable dApps on BNB Chain with significant volumes include Venus Protocol at 459.26 million dollars, 0x at 169.26 million dollars, and 1inch at 103.51 million dollars.
PancakeSwap leading on BNB Chain: DEX volumes on DefiLama
Checking the volumes reported on DefiLama, it is evident that PancakeSwap maintains its position as the DEX leader on the BNB Chain with a Total Value Locked of 1.58 billion dollars.
Currently, Uniswap and DODO hold TVLs of 29.79 million dollars and 10.64 million dollars respectively.
In terms of weekly volumes, PancakeSwap leads with 4.25 billion dollars, surpassing DODO which recorded 312.94 million dollars against Uniswap’s 259.6 million dollars.
Although the numbers may appear positive, the weekly trading volumes of the top three DEX on BNB Chain are actually decreasing.
PancakeSwap is experiencing a weekly volume drop of -25.28%, Uniswap of -22.35%, and DODO of -15.44%.
BNB Price
The price of BNB seems to be following the overall trend in the crypto market, currently valued at $565 with a 3% decrease in the last 24 hours.
Despite this recent dip, BNB had shown bullish momentum in the past week, reaching $583 at one point.
Ranked as the fourth largest cryptocurrency by market capitalization, BNB has been fluctuating around its current price since March 2024, starting from a low of $260 in January and peaking at $700 in June.