- PancakeSwap leads the DEX market with $2.672B 24-hour volume and $53.67B total volume.
- The price of the coin surged to $2.32, marking a 52.88% increase in the past 7 days.
- Uniswap follows with $1.188B in 24-hour volume, showing a 48.94% decline in 7-day volume.
PancakeSwap maintains leadership in decentralized exchange (DEX) with a $2.672 billion 24-hour trading volume. This impressive figure propels its cumulative volume to $53.67 billion. PancakeSwap dominates the market through its 32.09% rise in weekly trading volume, surpassing its competitors by a wide margin.
Source; X
The 24-hour trading volume of Uniswap amounts to $1.188 billion while experiencing a significant 48.94% decline in its weekly trading volume. The trading volumes for Raydium, Curve Finance, and Orca amount to $408 million, $244 million, and $244 million respectively indicating a significant decline compared to their previous performance. The strong performance of PancakeSwap establishes its dominance over other market competitors. Can this momentum continue?
PancakeSwap Price Action Analysis: A Surge and a Slight Correction
The price action of PancakeSwap has demonstrated extraordinary upward progress throughout recent days. The token price at press time at $2.32 with a weekly uptrend of 52.88 percent. Market analysts highlight the strong upward trend in the price data between March 15 and 17, which rose from $1.60 to $2.81 but experienced a minor pullback.
Source; TRADINGVIEW
Market interest has risen due to increased trading volume which signals rising buyer momentum during this recent sharp price rally. Although it achieved its highest point the price has shown minor retracements while potentially preparing for another movement.
PancakeSwap displayed temporary price movement on March 19 when its value declined briefly from $2.81 to $2.34 yet it stabilized afterward. Even though there was a temporary price adjustment, the price continued upward. The price movement of PancakeSwap appears bullish but we need to understand whether it will sustain this position or encounter additional drops.
Related: CAKE Price Prediction 2025-35: Will It Hit $300 by 2035?
What Does the Future Hold for PancakeSwap?
PancakeSwap maintains its dominance in the DEX market due to its robust trading volume and positive price movements. The market displays volatile behaviors which are observed on its price action charts. Market retracement serves as an alert about price movements that might change rapidly.
The high market volume and steady price performance place PancakeSwap well for significant operational expansion. The current market correction indicates potential price stabilization before a possible upcoming upward momentum. The momentum shows strong signs that PancakeSwap will achieve new peaks during the forthcoming weeks.
