PancakeSwap Takes Lead in DEX Trading Volume

Binance Smart Chain (BSC) decentralized exchanges (DEXs) experienced a substantial surge in trading volume, as recorded by data from Dune and BlockBeats. From $1.9 billion daily on May 6th to $13.5 billion by May 26th, the DEX volume saw significant growth. PancakeSwap, playing a key role in this surge, contributed $12 billion to the total volume, surpassing Uniswap for the first time and securing a dominant 33% share of the overall DEX trading volume across all chains.